MMP129: Celebrity Fund Managers - should you bother?
The Meaningful Money Personal Finance Podcast
Pete Matthew
4.9 • 1.7K Ratings
🗓️ 30 September 2015
⏱️ 22 minutes
🧾️ Download transcript
Summary
Celebrity Fund Managers are highly paid poster boys and girls for their respective companies, and their performance and personalities are used in marketing messages which attract millions and even billions into their funds. But are they worth their huge salaries and bonuses or should you avoid them at all costs?
In this session you will discover:
- What fund managers are actually trying to do
- The levels of (in)consistency among fund managers
- What makes a celebrity fund manager, a celebrity fund manager
- What it costs you to choose an active manager
- The other factor you should look for in a fund manager, in addition to consistency
- Why it is important to rebalance
- How much, if any, of your portfolio you should devote to active fund management
Transcript
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| 0:00.0 | Hi folks and welcome to the Meaningful Money podcast session number 129. |
| 0:05.4 | Celebrity marriages, they never last, do they? |
| 0:08.7 | This is the podcast dedicated to helping you put your finances in order. My name's Pete Matthew |
| 0:23.8 | and I'm going to share with you everything you need to know and everything you need to do to secure |
| 0:27.8 | your financial future. I'm here to help you make sense of money. Yes, welcome back, folks, to the award-winning Meaningful Money podcast. |
| 0:43.5 | Great to have you with me once again. |
| 0:45.9 | Celebrity fund managers are highly paid, poster boys and poster girls for their respective |
| 0:52.1 | companies, their performance and their personalities |
| 0:55.2 | they're used in marketing messages, which attract millions and even billions of pounds into |
| 1:00.3 | their funds. But are they really worth their huge salaries and bonuses, or should you |
| 1:05.1 | avoid them at all costs? Celebrity fund managers, that's what we're going to be talking about |
| 1:09.7 | today. As usual, after we've covered the main sort of body of the episode, I'll look at a recent, that's what we're going to be talking about today. As usual, after we've |
| 1:11.5 | covered the main sort of body of the episode, I'll look at a recent review that's been left. |
| 1:15.6 | I'll talk about what we're going to discuss next time. But before we get into any of that, |
| 1:19.3 | let me remind you, as I do every week, that this podcast is brought to you with a very kind |
| 1:22.6 | help of my friends at 7 Investment Management. Now 7.m IM are a firm of investment managers based up in London. I say up |
| 1:29.5 | because I'm down in Cornwall. Okay, if you're north of London, then they would be down in London, |
| 1:33.0 | obviously. But they're based up in London from my perspective, and they specialize in multi-asset |
| 1:37.5 | investing, which brings institutional level in investing techniques to ordinary people, just like you |
| 1:42.8 | and me. Seven IAM continue to put |
| 1:45.0 | their name to my show and to the side. In fact, they've just agreed to sponsor me for another year, |
| 1:48.9 | which is a huge blessing, so I'm very grateful to them. But they do that because they believe in |
... |
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