Many Happy Returns Satellite Navigation: Portfolio part 2
21 snips
Mar 2, 2022 The podcast discusses the value of satellite investments in a core portfolio and explores assets on a 'Market Crash Shopping List'. Topics covered include actively managed investment trusts, leveraged funds, Chinese stocks, high-yield credit, REITs, and cryptocurrency regulation.
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Market Crash Shopping List
- Reframe a market crash as a buying opportunity to avoid fear.
- Have cash or bonds ready to capitalize on these opportunities.
Scottish Mortgage
- Scottish Mortgage Investment Trust is similar to ARK Invest, focusing on disruptive tech stocks.
- Leverage amplifies returns, making it appealing after market crashes.
Active vs. Passive
- Active funds often underperform due to high fees, but Scottish Mortgage has a good governance structure.
- The board can replace fund managers if their style drifts or performance falters.