I understand from this weekends papers he has returned £23.00 for each £1.00 invested,25 years ago.
I think I am right is saying it puts him the No1 fund manager.
Well done, more so to any investors who were in at the start.
I have a target of turning £1.00 into £100.00 in just ten years.
Not very hard to do as it requires just one share to rise ten times,sell the lot ,and do the same again.
One has five years to do each of the above.
It is very clear to me the only way an investor can do this is to start with tiny low cap stocks on AIM ( a few can be found on the main market.)
This is just what I have done for the last 8.5 years,buying a few stocks that the market,at the time,would not get near with a barge pole.
Today my pot (within my SIPP) pension is up around 63 times.
The life company that it's held in,for some reason ,never removes stocks that have gone bust or been de listed ,while held within my SIPP.
Most would have thought that my portfolio would be littered with duffers that have gone down the pan.
They would be wrong,it has just one stock that took me for under £10,000.!
If one researches companies that are on the floor one should be able to screen at least 95% prior to buying anything.
Having done that to date, I have proved that massive rewards can be had by buying at the bottom.
A ploy of Mr Woodfords.
Fund managers,we are told,time,and time again, can not buy into these tiny sub million pound stocks as any buying pushes the price up against them.
I have again proved this to be wrong.
I often find when I go to buy,their is a huge overhang of shares as the old larger long term shareholders want out,selling with a loss,often in the range of 99.5%
This leads me onto my main point.
Why do fund managers not buy the same way as myself.? If they did,I think a good one could build up a very, very, very large fund ,from a tiny…
Before he left Invesco NW was managing over £30,000,000,000. Not sure buying a few AIM tiddlers would have had any appreciable effect on his returns.
