Gillen Markets

oghran

As a novice investor I'm thinking of subscribing to the Gillen Markets website to get some advice. I've read Rorys book and was impressed with the logic and approach to investing.

Just wondering if anyone here was a member of the site or had any opinions on it?

b4bmm

I have just signed up to the free 14 day trial, have you done that yet? I have already after just one day found a few interesting bits of information that I didn't know about before. I dont know price wise how it compares to its competitors at E299 for 12 months, its the first one I have looked into. I have to say I dont think the website is the easiest to navigate but maybe after another week it will be fine.

"The GM UK Value Fund is an equity fund that invests exclusively in stocks included in the UK FTSE 100 Index using a proprietary investment approach that has yielded compound per annum returns of 12-13% (before costs) since 1995."

Im not sure what you could calculate as a percentage for costs but it would seem thats a fairly good return over 20yrs, which is what I got interested in them for this reason.

daheff

Nice returns....but savage entry & exit fees

http://pilotviewcapital.ie/gm-100-fund/

Management Fee 1.25% per annum
Subscription Fee Up to 3%

Redemption Fee Up to 3%

b4bmm

daheff wrote: »

Nice returns....but savage entry & exit fees

http://pilotviewcapital.ie/gm-100-fund/

Management Fee 1.25% per annum
Subscription Fee Up to 3%

Redemption Fee Up to 3%

Wow thanks for that, seems excessive.
They say a historical return of 12.7 so that can be reduced to 11.45 after the annual fee, then you can reduce that to 8.45 for the first year and last year in the fund. Im not quite sure what they are claiming with these returns figures though and have sent them an email. It says:

The fund was started in April 2014 but goes on to say return percentages are from the 19 year period between 1995-2013, what does this have to do with the fund itself? I have sent them a query to ask.

Seems to be a bit or word trickery going on about their approach/returns figures.

b4bmm

It also says subscriptions are monthly and redemptions are quarterly I'm not sure whats that means?

Tugboats

b4bmm wrote: »

The fund was started in April 2014 but goes on to say return percentages are from the 19 year period between 1995-2013, what does this have to do with the fund itself? I have sent them a query to ask.

I used to get their free newsletter years ago I think they had an fantasy 10k portfolio and they gave recommendations on when to buy and sell in the newsletter. They're probably including that in their 19 year performance:D Anyway they sell books and courses so my advice would be to run a mile

willietherock

Read the book he has out, it's the value investing way.

westside

b4bmm wrote: »

It also says subscriptions are monthly and redemptions are quarterly I'm not sure whats that means?

Subs= buys. Reds = sells

daheff

b4bmm wrote: »

It also says subscriptions are monthly and redemptions are quarterly I'm not sure whats that means?

Means you can put your money in once a month, but only take it out once every 3 months.

daheff

b4bmm wrote: »

Wow thanks for that, seems excessive.
They say a historical return of 12.7 so that can be reduced to 11.45 after the annual fee, then you can reduce that to 8.45 for the first year and last year in the fund.

erm..not quite. Year one would start at 97% of your capital. Final year would take 3% off the exit amount of money. Returns would still be the amounts they claim (but with mgmt fees on the value of your fund)

b4bmm wrote: »

Im not quite sure what they are claiming with these returns figures though and have sent them an email. It says:

The fund was started in April 2014 but goes on to say return percentages are from the 19 year period between 1995-2013, what does this have to do with the fund itself? I have sent them a query to ask.

Seems to be a bit or word trickery going on about their approach/returns figures.

I saw that too...how can the fund have a 19 year % return when its only started in Apr 14? My guess is they have worked out a strategy and thats what they would have made had they invested in 1995. But as they say, past performance is no indication of future performances.

to me, something smells off...fund manager selling courses & book as well as fund managing??

Even if I had the money I wouldnt go near it as it stands.

daheff

looking at the figures for this (and that the figures are correct)....the return is good!

Investment €100,000. 3% entry fee leaves €97K
12.7% annual interest
Mgmt fee 1.25%annually on value of fund (Goes from 1,366 YR1 to 9373 YR19)

Fund would have grown from 97K EUR to 718295 at end of year 19 (after 3% exit fee). Your original investment would have grown 7 times over (not taking any account of inflation).

Inflation over the period (CPI Ireland) was approx 55%

So a real terms increase of 4.75 times your investment.

Taxes -assuming CGT (40%) would mean that your investment would take home circa 470K EUR

b4bmm

No reply from Gillen markets but when I emailed them a day later regarding subsciption to their website I got a reply within 24hours.
I do like a lot of their coverage reports even though they are only on a Saturday for 15mins every week.

Hard to know if I will cancel or pay the subscription fees, have 7 days left to decide.

Tugboats

b4bmm wrote: »

No reply from Gillen markets but when I emailed them a day later regarding subsciption to their website I got a reply within 24hours.
I do like a lot of their coverage reports even though they are only on a Saturday for 15mins every week.

Hard to know if I will cancel or pay the subscription fees, have 7 days left to decide.

Any update?

b4bmm

No reply to that question I asked them.

The subscription offer is for E199 per annum now after getting an email during the trial period saying such.
I have been suckered in and will give it a go for the year. As I have said before I do like they're thought concepts most
of the time but you only get one weekly report for your money which isn't a whole lot. They are unbiased in their opinions
which is good so I have decided for the price I will sign up. My first time paying for such a service

b4bmm

Was quoted E199 for the yearly subscriptions, have been debited E300 and have emailed to ask whats going on.
They replied and have said they will refund the money tomorrow. Not too bad in the end