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Absolute Funds

  • 31-03-2014 1:04pm
    #1
    makfli
    Registered Users, Registered Users 2 Posts: 157 ✭✭


    My broker has advised me to divert some of my individual stocks into alternative investments or absolute funds. These apparently steer a steadier course and are not affected as much by upturns / downturns in the equity markets. Reason for switching is that I am getting closer to pensionable age. Appreciate any advice from someone with experience of these and recommendations if any. Strikes me that they are expensive to get in to and also high costs within the fund.


Comments

  • #2
    sprained_wang
    Banned (with Prison Access) Posts: 12 ✭sprained_wang


    makfli wrote: »
    My broker has advised me to divert some of my individual stocks into alternative investments or absolute funds. These apparently steer a steadier course and are not affected as much by upturns / downturns in the equity markets. Reason for switching is that I am getting closer to pensionable age. Appreciate any advice from someone with experience of these and recommendations if any. Strikes me that they are expensive to get in to and also high costs within the fund.

    high cost funds are more lucrative for the fund manager ;)

    how far are you from retirement and how much has your pension gained since your began contributing to it , if its anyway decent , it will have regained all its losses from 2008 and more

    you could put the remainder in government bonds with a triple A rating until you retire


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