Itsallaguess wrote:simoan wrote:
I’m sorry but you simply can’t ignore currency movements as you have done. I was being polite calling it dubious, it’s just plain wrong and very misleading.
It would be nice if you could just sometimes admit it rather than using data to mislead others as part of your anti growth shares, pro IT agenda
Thanks Si - I'll add that note into my little 'Why Si's shouting that someone's wrong again' book...
:O)
Cheers,
Itsallaguess
Simeon's point seems a valid one, especially when one considers the influence exchange rate can have. With materiels and labour sourced from all over the globe, how can one ignore it?
Simple example, a HYPer holds shares in Unilever, HSBC, Vodafone, Rio, BHP, BP, Shell ....the dividend paid is affected by the exchange rate..maybe not significant if you hold one or two of these companies but it starts to add up if you own many. It can work in our favour or against ( at the purely dividends paid level).
Another example. I mentioned I was looking to buy into certain US shares (*) but the poor exchange rate is taking the joy out of it!
(*) Visa, MSFT, Adobe, Estee Lauder, Alphabet.