I have some funds in managed funds - Tower Global Commodities. I had this for just under a year and only got a 2.5% return. No doubt some executive is sipping champayne at a prime restaurant from the fees earned for "looking after" my fund. I will be withdrawing my investment from that fund for now, due to me anticipating another hopefully short-lived global crisis - the chinese property bubble at some stage near.
I have some share companies in mind:
Freightways: Strong
PGW: Maybe, medium
Air NZ : Maybe, weak
TEL: No way!
These three companies are pretty much at a low, so just wanted your thoughts.
