Comments on: Decade of Daddy Mirror Fund bi-weekly report http://www.wellingtonfund.com/blog/2008/07/25/decade-of-daddy-mirror-fund-bi-weekly-report/ News, Views & Purviews Fri, 03 Feb 2012 02:44:40 +0000 http://wordpress.org/?v= hourly 1 By: Mark McQueen http://www.wellingtonfund.com/blog/2008/07/25/decade-of-daddy-mirror-fund-bi-weekly-report/comment-page-1/#comment-933 Mark McQueen Fri, 01 Aug 2008 00:36:47 +0000 http://www.wellingtonfund.com/blog/2008/07/25/decade-of-daddy-mirror-fund-bi-weekly-report/#comment-933 David Your point is well taken about non-North American stocks. I find it hard to believe that a Canadian-based talk show host can find a unique European or sub-continent dividend story, and that's why I haven't spent any time trying to pick Portugal Telecom vs. a Spanish one vs one in India. How can an uber-busy local TV host stay on top of the competitive dynamic in a foreign telecom climate. Look how many analyst folks here at home missed the $10/share impact that the wireless spectrum auction would have on Rogers shares, for example. The currency risks of extra-N.A. choices are so obvious, to start with. With the CDN$ already at parity with the US$, much of that risk has aready been removed for cross-border stock pickers. I'm not trying to mirror the precise strategy as much as mirror the outcome. KO plans to put up to 20% of the $40 million into private companies, for example, something that I think is downright crazy. At the end of the day, his fund should wildly outperform what I've started to do with the Mirror Fund (up 5.2% so far). If not, then the point will have been proven, now won't it? MRM David

Your point is well taken about non-North American stocks. I find it hard to believe that a Canadian-based talk show host can find a unique European or sub-continent dividend story, and that’s why I haven’t spent any time trying to pick Portugal Telecom vs. a Spanish one vs one in India.

How can an uber-busy local TV host stay on top of the competitive dynamic in a foreign telecom climate. Look how many analyst folks here at home missed the $10/share impact that the wireless spectrum auction would have on Rogers shares, for example.

The currency risks of extra-N.A. choices are so obvious, to start with. With the CDN$ already at parity with the US$, much of that risk has aready been removed for cross-border stock pickers.

I’m not trying to mirror the precise strategy as much as mirror the outcome. KO plans to put up to 20% of the $40 million into private companies, for example, something that I think is downright crazy.

At the end of the day, his fund should wildly outperform what I’ve started to do with the Mirror Fund (up 5.2% so far). If not, then the point will have been proven, now won’t it?

MRM

]]> By: David http://www.wellingtonfund.com/blog/2008/07/25/decade-of-daddy-mirror-fund-bi-weekly-report/comment-page-1/#comment-932 David Thu, 31 Jul 2008 18:22:23 +0000 http://www.wellingtonfund.com/blog/2008/07/25/decade-of-daddy-mirror-fund-bi-weekly-report/#comment-932 I'm researching Kevin's fund (which amusingly he kept misnaming on his latest BNN special - you should really know the ticker of your own fund Kevin - it's OGE.UN) and came across your site. I appreciate the mirror fund but wanted to comment on your general take. The thing I like about kevin's fund is it allows me to invest in foreign dividend stocks relatively easily. For example, I've wanted to invest in COSCO for a while, but the barriers to that investment were too great for a small fish like myself. The returns on Kevin's fund are really nothing to be proud of (5 measly percent?) and I really can't find anything definitive about how any excess gains will be distributed but, and it's a big but, Kevin's fund allows me easy diversification in stocks I am interested in but find difficult to buy. Your mirror portfolio is great - I actually have similar investments that I will maintain should I decide to purchase OGE.UN - but it's apples and oranges. It's easy for me to invest on my own in the TSX and NYSE and I will do that myself. If this were really a mirror, it would offer global dividend exposure, not NA dividend exposure. I’m researching Kevin’s fund (which amusingly he kept misnaming on his latest BNN special – you should really know the ticker of your own fund Kevin – it’s OGE.UN) and came across your site.

I appreciate the mirror fund but wanted to comment on your general take.

The thing I like about kevin’s fund is it allows me to invest in foreign dividend stocks relatively easily. For example, I’ve wanted to invest in COSCO for a while, but the barriers to that investment were too great for a small fish like myself.

The returns on Kevin’s fund are really nothing to be proud of (5 measly percent?) and I really can’t find anything definitive about how any excess gains will be distributed but, and it’s a big but, Kevin’s fund allows me easy diversification in stocks I am interested in but find difficult to buy.

Your mirror portfolio is great – I actually have similar investments that I will maintain should I decide to purchase OGE.UN – but it’s apples and oranges. It’s easy for me to invest on my own in the TSX and NYSE and I will do that myself.

If this were really a mirror, it would offer global dividend exposure, not NA dividend exposure.

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