IMPC Coben

[eldar]

tight fart said:

I’ve gone from, OH my god what’s happened! To oh, I think i understand, to oh everything’s fine.
But now I’m back to uneasy panic mode.
My last financial advisor ended up front page news before staying with her majesty so I have form.
Just over a week ago I applied for a small withdrawal and heard nothing since.

I made a smallish cash withdrawal, took less than two hours to complete. Simple transaction, certainly, but pleasingly swift.

[droopsnoot]

ferret50 said:

And although I often do not fully understand most of Adam's more technical posts I do appreaciate the time and effort that he used to put in to keep us up to speed with our investments and I hope and trust that this will be allowed to return.

I'm in a similar position - much of it goes over my head but it's nice to see it's there if I ever get time to go back and read it. There's always an option to continue that in the form of a email newsletter if for some reason it doesn't come back on here, though that does away with the interaction, where other posters ask questions that I would never have thought of.

I thought withdrawals were always a couple of weeks from start to finish before all this happened?

[outnumbered]

It's perhaps a bit surprising that you've bought an unregulated financial product, if you don't understand quite a lot about it ?

[Llandudno]

outnumbered said:

It's perhaps a bit surprising that you've bought an unregulated financial product, if you don't understand quite a lot about it ?

In what way are the products unregulated?

[Burwood]

Llandudno said:

outnumbered said:

It's perhaps a bit surprising that you've bought an unregulated financial product, if you don't understand quite a lot about it ?

In what way are the products unregulated?

Yeah, GOOG, Amzn, AAPL, very much standard.

[ferret50]

Burwood said:

Yeah, GOOG, Amzn, AAPL, very much standard.

Long time no see!

How's the cat?

[LastPoster]

I think the point was that Droopsnoot does not always understand Adam’s detailed analysis of company performance in the Tech sector, not that he does not understand which companies that the product is is invested in or why those companies are selected.

He wouldn’t be the only one and it’s not an unreasonable position

[renmure]

LastPoster said:

I think the point was that Droopsnoot does not always understand Adam’s detailed analysis of company performance in the Tech sector….

He wouldn’t be the only one and it’s not an unreasonable position

Me neither, but I read them and appreciate them and am looking forward to many more of them

[SRK123]

LastPoster said:

I think the point was that Droopsnoot does not always understand Adam’s detailed analysis of company performance in the Tech sector, not that he does not understand which companies that the product is is invested in or why those companies are selected.

He wouldn’t be the only one and it’s not an unreasonable position

An excerpt from one of the chaps posts. Outnumbered, you would obviously understand but many don't

“AI” is a term that’s shrouded in complexity. But the core idea of arTficial intelligence is a machine that learns and thinks just like you or I. Most importantly, it learns all by itself, without human intervenTon. Of course learning doesn’t come naturally to robots. To overcome this challenge, scienTsts created neural networks. In short, neural networks are computer programs (complex algorithms) that mimic how the human brain works. They are made up of millions of arTficial “brain cells” that learn through analysing real examples.
The human brain has a discrete number of characterisTcs that sets it apart from other animals (save for advanced primates) and machines, this is the ability to display inference and intuition. With inference being an evidence based reasoning based on experience and intuition forming conclusions based on the absence of evidence -the key takeaway here is tradiTionally machines required a full data set to come to a conclusion but with AI, machines are learning to fill-in- the-gaps where data is missing.

Edited by SRK123 on Sunday 30th June 10:33

[dingg]

SRK123 said:

An excerpt from one of the chaps posts. Outnumbered, you would obviously understand but many don't

“AI” is a term that’s shrouded in complexity. But the core idea of arTficial intelligence is a machine that learns and thinks just like you or I. Most importantly, it learns all by itself, without human intervenTon. Of course learning doesn’t come naturally to robots. To overcome this challenge, scienTsts created neural networks. In short, neural networks are computer programs (complex algorithms) that mimic how the human brain works. They are made up of millions of arTficial “brain cells” that learn through analysing real examples.
The human brain has a discrete number of characterisTcs that sets it apart from other animals (save for advanced primates) and machines, this is the ability to display inference and intuition. With inference being an evidence based reasoning based on experience and intuition forming conclusions based on the absence of evidence -the key takeaway here is tradiTionally machines required a full data set to come to a conclusion but with AI, machines are learning to fill-in- the-gaps where data is missing.

Edited by SRK123 on Sunday 30th June 10:33

I Think thaT a roboT wroTe ThaT for yoU

Well done



Ps, sooner the 'squads' status here is reinstated the better imo :-)

[SRK123]

I would hazard a guess as long as nothing from the past is discussed then all will be fine. I'll probably start a new Investing related thread because the title, first 4 letters re the PH directive 'do not talk about' will be problematic going forward

[droopsnoot]

LastPoster said:

I think the point was that Droopsnoot does not always understand Adam’s detailed analysis of company performance in the Tech sector, not that he does not understand which companies that the product is is invested in or why those companies are selected.

He wouldn’t be the only one and it’s not an unreasonable position

That was what I was driving at, yes. I don't claim to have a lot of knowledge about which companies I should invest in, or why, which is why I go into funds where (hopefully) someone else knows. One of the reasons I've never had investments directly in individual businesses is because I don't want to spend the time analysing them to do the degree that Adam does. Maybe I'm losing out, maybe not.

[Simpo Two]

droopsnoot said:

That was what I was driving at, yes. I don't claim to have a lot of knowledge about which companies I should invest in, or why, which is why I go into funds where (hopefully) someone else knows. One of the reasons I've never had investments directly in individual businesses is because I don't want to spend the time analysing them to do the degree that Adam does. Maybe I'm losing out, maybe not.

We pay researchers to do that stuff so we don't have to. I don't need much detail, I'm interested in the bottom line; someone else can worry over the details of each stock.

[2Btoo]

Simpo Two said:

droopsnoot said:

That was what I was driving at, yes. I don't claim to have a lot of knowledge about which companies I should invest in, or why, which is why I go into funds where (hopefully) someone else knows. One of the reasons I've never had investments directly in individual businesses is because I don't want to spend the time analysing them to do the degree that Adam does. Maybe I'm losing out, maybe not.

We pay researchers to do that stuff so we don't have to. I don't need much detail, I'm interested in the bottom line; someone else can worry over the details of each stock.

Very much my view of things as well. We pay IM/Cobens to do the work which we don't understand or don't have time to do for ourselves.

I'm detecting an undercurrent of shared knowledge on this thread which I think I'm also party to. I'll be careful what I say but would value some third-party confirmation of certain things that have been said. I suspect that that confirmation will come in due course.

[xerawh]

Slightly OT and perhaps one for another thread if need be

Since all that's gone on in the last few weeks, I am wondering more about diversification, not just in investments but platforms / managers.

For those that use IM/Cobens for the recently good returns, what other platforms are you using for the rest of your investments (assuming you're not a genius able to pick your own stocks better than everyone else)?

[dingg]

Got some in with barclays, (was much better when administered by schwab)

Vast majority now with im now cobens, would like to see how things develop in the near future, think Adam might turn out to be a bit of a star, so happy to just see how it goes for the time being :-)

[mikeiow]

Still fairly happy with remaining mostly in with Cobens here….

But we have got some Fidelity ISA funds we never moved away.
Other family members have some Vanguard LS100.
I’m broadly a fan of the https://kroijer.com approach, but also dabble a bit in various things….
Try to keep premium bonds fairly loaded for easy access “emergency funds”.

[2Btoo]

Most of mine is with Fundsmith direct, as I put money with them for a long time and they have done well.

A few individual holdings of things I like the look of (oil stocks mainly).

A sizeable minority with IM/Cobens, because I like their returns and I like their style. Moving more and more from Fundsmith to IM/Cobens for this reason.

[renmure]

I am predominantly with Cobens.

Before moving it in 2020, my pension fund was with Prudential ever since I started it donkeys years ago and my only interaction with it was an annual statement telling me whether it had gone up "a little" or up "not-a-lot". I even remember the man from The Pru coming to my house to give me the info when I started it. In my time with the new folk the value of the transfer has more than doubled in less than 4 years. I can't be anything other than delighted with that and wish I'd taken a more "active" roll in even giving some thought as to how it was invested earlier.

A surprising thing is that I've always been interested in finance / investment things but just considered anything "pension" related to be some sort of black-box type of thing that just happened independently.

Back in the mid 2000s I did have a go at effectively day-trading the oil and gas exploration companies operating in the Falklands area and got a bit of a buzz and a lot of profit from that but it really was gambling and I was lucky rather than clever to come out ahead.

[Burwood]

A wild swing today, in a couple of names(ended fine) Options expiry Friday saw a reverse gamma squeeze*, today. Whilst we are investing, there is a lot of speculative trading going on with a few names, hence the volatility. And of course, whilst a short period is not the focus, it’s fascinating to see the range and flow. Over 30b usd changed hand in one stock. That’s some capital flow.

• when the derivative rather than the common equity is the main focus, option writers hedge their position through the underlying stock and when the hedge is no longer needed they sell it, causing a material move.

We will see if July 22 brings an early announcement (22 or 23).

Regards