Fund Your Retirement Podcast – Détails, épisodes et analyse

In the first episode of season 2 of 'Investing for the Long Term' hosted by Judith McKenzie and Rosemary Banyard, the duo chats with Andy Brough, a prominent figure in the small and mid-cap investment space.

Andy shares his career journey, key lessons, and experiences in fund management, providing valuable advice for new and seasoned investors.

The discussion touches on the evolution of the investment landscape, the impact of private equity, and the importance of continuous learning and attention to detail in the field.

Timestamps:

00:29 Introducing Andy Brough

01:16 Judith and Rosemary's First Encounters with Andy

04:12 Andy's Career Journey

06:03 The Evolution of Fund Management

08:43 Insights on Accounting and Fund Management

11:56 Influential Figures and Mentors

16:09 The State of the UK Market

19:10 Reflections on Government Policies

24:04 Career Achievements and Advice

27:33 The Signature Red Shirt

29:22 Recommended Reads and Final Thoughts

Hope you enjoy this episode and have a wonderful day.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about the markets, personal finance, portfolio management and stock analysis.

Links & Resources:

Visit Downing Fund Managers here: https://www.downing.co.uk/downing-fund-managers

Follow Downing on X/Twitter @downingllp: https://twitter.com/downingllp?lang=en

Investors reading and watch list for the long-term investor: https://www.fundyourretirement.com/wp-content/uploads/2023/11/Top-picks-for-a-long-term-investor.pdf

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

In this episode of the 'Fund Your Retirement Podcast,' host Lee interviews Simon Evan-Cook, a multi-asset fund of funds manager with over 25 years of experience. Simon shares his journey into fund management, his investment philosophy, and the key principles guiding his strategy, particularly his preference for active fund managers.

He discusses the dynamic nature of fund management, how he identifies exceptional fund managers, and the importance of understanding both the art and science behind investing in funds. The conversation also touches on the pros and cons of active versus passive fund management, the impact of fund size on performance, and the emotional challenges investors might face. Simon emphasizes the value of patience, understanding market cycles, and making informed, long-term investment decisions.

Timestamps:

01:40 Simon's Journey into Investing

02:50 Discovering the Passion for Fund Management

07:06 Simon's Investment Strategy

12:37 Active vs. Passive Fund Management

20:16 Screening for Fund Managers

20:22 Identifying Extreme Funds

22:54 The Hero's Journey of Funds

25:04 Holding Periods and Fund Manager Longevity

26:26 Challenges of Managing Large Funds

00:05 Understanding Fund Dynamics

31:21 Final Thoughts on Active vs Passive Investing

36:35 Book Recommendations and Closing Remarks

If you like the episode, please leave us a review and subscribe for future investor interviews.

Hope you enjoy this episode and have a wonderful day.

Guest Links & Resources:

Visit Simon’s Profile on The Dowing Website Here: https://www.downing.co.uk/downing-fund-managers/vt-downing-fox-funds

Join Simon’s Medium mailing list: https://simonevan-cook.medium.com/

Visit Simon’s Billion Dollar Book Club: https://uk.bookshop.org/lists/the-way-of-the-fox-ten-texts?

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

In today’s episode director of the Institute for Fiscal Studies Paul Johnson shares the true cost of running Britain.

Paul explores taxes, pensions including auto-enrollment, the ageing population, and the future of the state pension.

Paul is perhaps one the UK's known economists, a regular on BBC Radio 4, and writes a column for the Times Newspaper. He is also a published author with a Times bestseller Follow the Money, How Much Does Britain Cost.

Key topics discussed:

·         Are we receiving good value for our taxes?

·         Will our taxes keep on rising?

·         Should we just tax the rich?

·         Is growth the answer, or raising taxes?

·         How much does the state pension cost?

·         Does auto-enrollment solve the problem of funding one's retirement?

·         Does the risk measurement process need an overhaul?

Timestamps:

1:30 Paul Johnson’s journey and career so far.

3:15 Holding the government to account.

4:00 How much the government spends?

6:15 Where does the government get its money from?

7:45 What are the big three expenses for the government finances?

11:05 Are we getting good value for money?

15:00 Will taxes keep on rising?

16:15 Can we tax the rich more?

19:10 Is growth a better option than raising taxes?

22:00 Should defined benefit pensions invest more in equities?

23:14 Overhauling defined benefit default funds.

25:30 Does the pension system need an overhaul?

26:40 Is the state pension sustainable?

28:00 Has auto-enrollment been a success?

32:00 Closing thoughts and wrap up.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Links & Guest Resources:

Buy Paul’s book, Follow The Money Here: https://www.amazon.co.uk/Follow-Money-much-does-Britain/dp/1408714019/ref=asc_df_1408714019/

Institute for Fiscal Studies website: https://ifs.org.uk/

Pauls blog page on the IFS website: https://ifs.org.uk/people/paul-johnson

Fundamental Asset Management website: https://fundamentalasset.com/

Follow Fundamental Asset on Twitter: https://twitter.com/fundasset

Connect with Chris on LinkedIn: https://www.linkedin.com/in/chris-boxall-835a4222/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time on The Investors Round Roland Head, Mark Simpson, and Graham Neary discuss how they analyse company accounts, the latest news from Supreme (SUP) and the investment potential of H&T (HAT), Henry Boot (BOOT), Airea (AIEA) and much more.

A healthy three-way debate about the shares they own, their portfolios, and the markets.

Timestamps:

1:30 Round table discussing the latest news announcement regarding Supreme (SUP).

11:45 Round table discussing the pawnbroker H&T.

21:20 Round table discussing flooring specialist Airea.

33:45 Round table discussing property developer Henry Boot.

45:30 Round table discussing how they analyse company accounts.

Thank you for listening, we hope you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Roland Mark & Graham Resources:  

Visit FYR for more investors related podcasts: https://www.fundyourretirement.com/

Follow Roland on Twitter: https://twitter.com/rolandhead

Visit Roland’s Dividends Investing website here: https://www.rolandhead.com/

Follow Mark on Twitter: https://twitter.com/DangerCapital

Buy Marks Book here: http://excellentinvesting.org/

Follow Graham on Twitter: https://twitter.com/GrahamNeary

Join Graham’s Substack newsletter here: https://theinvestorinstitute.substack.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

In part four of this now seven-part series, Judith Mackenzie and Rosemary Banyard discuss the importance of investor psychology, and investing through recessions, including how you can cultivate the mindset of a long term investor.

Key topics covered:

·         The personality characteristics of someone who thinks and invests for the long term.

·         Investing through the tech bubble.

·         Investing through the financial crisis of 08.

·         Launching a fund in the middle of Covid-19.

·         How Judith and Rosemary tune out of the noise.

·         How to cultivate a mindset of someone who can hold investments through recessions.

This was another great insight into how two seasoned fund managers think and how they view investing for the long term.

Each episode of this six-part series builds on the next as they walk you through an investor's journey. So, If you have ever wondered what a fund manager does, how they think, the types of investments they look for and what led them to pursue careers in finance and investing? Then you’re in the right place, join Judith and Rosemary as they peel back the veil and share their guiding principles and experiences from careers spanning multiple decades in the finance industry as investment fund managers.

Timestamps:

2:00 Characteristics and personality traits of someone who thinks long term.

6:15 Clarifying how long is long term when it comes to investing.

9:15 How Judith and Rosemary ignore the noise.

11:30 Holding investments through recessions and drawdowns.

14:45 Investing through the tech bubble.

21:30 Investing through the financial crisis on 08.

25:30 Investing and launching a fund in the middle of Covid-19.

28:15 Developing the mentality to invest through a recession and hold for the long term.

Hope you enjoy this episode and have a wonderful day.

The FYR Team

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about the markets, personal finance, portfolio management and stock analysis.

Links & Resources: 

Visit Downing Fund Managers here: https://www.downing.co.uk/downing-fund-managers

Follow Downing on X/Twitter @downingllp: https://twitter.com/downingllp?lang=en

Investors reading and watch list for the long-term investor: https://www.fundyourretirement.com/wp-content/uploads/2023/11/Top-picks-for-a-long-term-investor.pdf

Russel Investments behavioural bias article: https://russellinvestments.com/us/blog/avoid-behavioral-bias

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Today’s episode is the start of a new podcast series discussing where your pension money is going starting with the recent proposals by Jeremy Hunt at the Mansion House speech.

Should pension savers and private investors be concerned about this proposal to direct billions of pension money towards UK small caps and unlisted companies? What will it mean for pension savers and private investors?

Will these proposed billions lead to a bubble in small caps and unlisted companies with the inevitable crash, or will it lead to a whole host of new yet-to-be-formed companies that pension savers, private investors and UK PLC will benefit from?

As always with these types of proposals there will be winners and losers, will it be regular pension savers, private investors, private equity, or UK PLC?

Timestamps:

1:30 UK stock market news

3:00 New company listings on the stock market.

4:15 What potential impacts will the mansion house speech have on UK small caps?

6:45 What does Jeremy Hunt mean when he says high-growth unlisted companies?

8:45 Who will be the primary beneficiaries of this proposal?

12:00 Will an extra £50 billion entering this niche area create a bubble?

15:15 Why are more companies going private than ever before?

17:30 What does the CEO of the Canadian pension board think of this proposal?

20:15 Would tax breaks be a better option?

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

Resources:

Fundamental Asset Management website: https://fundamentalasset.com/

Fundamental Asset Management contact us page: https://fundamentalasset.com/contact/

Follow Fundamental Asset on Twitter: https://twitter.com/fundasset

Connect with Chris on LinkedIn: https://www.linkedin.com/in/chris-boxall-835a4222/

Visit FYR For More Investor Related Podcasts: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

Ed Croft is the co-founder and CEO of Stockopedia whose goal is to help private investors beat the market. Ed began his career with Goldman Sachs as a wealth manager before leaving to manage his family funds leading launch of Stockopedia in 2012.

Key topics:

·         What is a multibagger.

·         What creates a multibagger.

·         How you can find companies with these long-term qualities today.

·         Portfolio and risk management.

·         Why Ed is optimistic about the UK stock market.

·         Why Ed’s investing style has gone full circle back to being more of a stock picker.

·         What Ed learned going through a 60% drawdown during the financial crisis.

Ed shares in great detail the metrics that drive long-term compounding in companies, including how you can find those companies today.

// Register for the FREE trial and gain access to the three extra masterclass videos,  Just go to: https://www.stockopedia.com/?utm_source=fundyourretirement&utm_medium=podcast

Timestamps:

1:30 How Ed got started as an investor and his journey so far.

4:00 Ed sharing what is a multibagger.

5:30 Why Ed and the Stockopeda team decided to carry out the research into stocks that multibag.

7:45 What surprised Ed the most?

9:00 The financial characteristics that drive long-term compounding companies.

11:35 The qualitative aspects that drive long-term compounding companies.

15:40 Discussing Ed’s investing style and approach

21:00 Ed sharing his experience of a 60% drawdown and discussing drawdowns in general.

25:20 Ed sharing his market timing strategy.

29:00 Ed sharing how you use this knowledge to find stocks that can multibag today.

Hope you enjoy this episode and have a wonderful day.

The FYR Team

If you like this episode, please let us know by subscribing for future interviews and insightful conversations about portfolio management and stock analysis.

Guest Links & Resources:

Take the FREE two-week trial here: https://www.stockopedia.com/?utm_source=fundyourretirement&utm_medium=podcast

Read the Multibagger report here: https://assets.stockopedia.com/books/makings-of-a-multibagger.pdf

Watch the multibagger webinar on the Stockopedia YouTube Channel here: https://youtu.be/DLR15dWGhos?si=5OWwyQVkvCSQ8NVr

Follow Stockopeida on Twitter here: https://twitter.com/stockopedia

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

In part three of this six-part series, Judith Mackenzie and Rosemary Banyard share how they analyse companies for long term investing.

• How they go from a universe of thousands of companies to a few hundred and
• How they go from a few hundred companies to a small watch list.
• What they look for in a good company.
• How they analyze company accounts.
• Their views on management and rumination.
• Attending AGMs and discussing what a moat is.
• Red flags to avoid in companies.

This was another great insight into how two seasoned fund managers think and how they view investing for the long term.

Each episode of this six-part series builds on the next as they walk you through an investor's journey. So, If you have ever wondered what a fund manager does, how they think, the types of investments they look for and what led them to pursue careers in finance and investing? Then you’re in the right place, join Judith and Rosemary as they peel back the veil and share their guiding principles and experiences from careers spanning multiple decades in the finance industry as investment fund managers.

Timestamps:

2:05 Rosemary and Judith start right at the beginning; how they go from multiple thousands of companies to just a few hundred to focus on.

9:00 Judith shares what RNS,s (regulatory news services) are and why they are important.

10:40 Rosemary and Judith share how they go from a universe of a few hundred companies to a small watch list.

13:00 Analysing company accounts.

17:15 Discussing what a moat is and how to assess if a company has a moat.

20:50 Looking out for the red flags when analysing companies.

25:10 Discussing the changes Rosemary and Judith have seen over their investing career.

27:45 Attending AGM,s (annual general meetings) of companies.

31:00 Final thoughts on analysing companies from Rosemary and Judith.

33:15 Judith shares her book to read, The Red Notice by Bill Browder.

35:15 Rosemary shares her book to read, Investing for Growth by Terry Smith.

Hope you enjoy this episode and have a wonderful day.

The FYR Team

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about the markets, personal finance, portfolio management and stock analysis.

Links & Resources: 

Visit Downing Fund Managers here: https://www.downing.co.uk/downing-fund-managers

Follow Dowing on X/Twitter @downingllp: https://twitter.com/downingllp?lang=en

Investors reading and watch list for the long-term investor: https://www.fundyourretirement.com/wp-content/uploads/2023/11/Top-picks-for-a-long-term-investor.pdf

Investing for Growth by Terry Smith: https://www.amazon.co.uk/Investing-Growth-companies-anthology-investment/dp/0857199013

Red Notice by Bill Browder: https://www.amazon.co.uk/Red-Notice-Became-Putins-Enemy/dp/

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement 

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

This time on The Investors Round Table Maynard Paton, Roland Head, Mark Simpson, and Graham Neary discuss a question from a listener asking what their worst investing mistake was, and what did they learn from it.

Thank you for listening, we hope you enjoyed the episode.

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about portfolio management and stock analysis.

// SOCIAL //

Follow Maynard on Twitter: https://twitter.com/maynardpaton 

Follow Roland on Twitter: https://twitter.com/rolandhead 

Follow Mark on Twitter: https://twitter.com/DangerCapital

Follow Graham on Twitter: https://twitter.com/GrahamNeary

Follow Bruce on Twitter: https://twitter.com/bruce_packard

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.

In part two of this six-part series, Judith Mackenzie and Rosemary Banyard share their investing style and their investment philosophies.

They discuss the importance of finding an investing strategy that suits your personality and the resources to help you discover yours. For example, Rosemary shares how her everyday habits fit her investing style as a quality investor. They discuss value investing vs growth investing and share their thoughts on investing at IPO, how dividends fit into their investment philosophy and investing in the UK vs the global market.

This was another great insight into how two seasoned fund managers think and how they view investing for the long term.

Each episode of this six-part series builds on the next as they walk you through an investor's journey. So, If you have ever wondered what a fund manager does, how they think, the types of investments they look for and what led them to pursue careers in finance and investing? Then you’re in the right place, join Judith and Rosemary as they peel back the veil and share their guiding principles and experiences from careers spanning multiple decades in the finance industry as investment fund managers.

Timestamps:

2:00 Judith Mackenzie shares her investing style and investing philosophy.

3:30 Rosemary Banyard shares her investing style and investing philosophy.

5:35 Discovering your investing strategy.

12:20 Discussing value investing vs growth investing.

19:50 Discussing the value of site visits with some interesting examples.

23:20 Discussing small caps vs large caps.

24:40 Discussing investing in UK companies vs global markets.

26:25 Discussing investing at initial public offering (IPO).

30:15 Discussing how dividends fit into their investment strategies.

32:30 Discussing the attributes that make a good investor.

36:00 Reading lists, watch lists, podcasts and a free gift to help you on your investing journey.

Hope you enjoy this episode and have a wonderful day.

The FYR Team

If you like this episode, please let us know by subscribing for future company reviews and insightful conversations about the markets, personal finance, portfolio management and stock analysis.

Links & Resources: 

Visit Downing Fund Managers here: https://www.downing.co.uk/downing-fund-managers

Follow Dowing on X/Twitter @downingllp: https://twitter.com/downingllp?lang=en

Investors reading and watch list for the long-term investor: https://www.fundyourretirement.com/wp-content/uploads/2023/11/Top-picks-for-a-long-term-investor.pdf 

Visit Fund Your Retirement: https://www.fundyourretirement.com/

Follow FYR on Twitter: https://twitter.com/FRetirement

Disclaimer: This presentation is for educational purposes only. All opinions and information are for demonstrational purposes and do not constitute investment advice. Trading and investing carries a high level of risk and are not right for everyone. If you need financial advice, consult with a regulated financial adviser in your country before making any decisions.