LondonYank84;337160 wrote:Johan De Silva;336842 wrote:I have added to KKR that is now some way off it's 200 day average. At some discount to LY again. Hope to repeat a BN experience. This is a second batch today and priced at $113.52/£87.81
KKR have proven performance without being a tech fund so it adds some diversification. I think they are well positioned to do some buying after they had a equity raise announcement this week.
I have very little clue about the valuation. Sold some HGT that held up to fund this!
Have done the same, selling some HGT to add to dollar cost average down into KKR @ $106 today.
Not for the faint of heart though - it trades a bit like a levered S&P fund so If US markets continue to sell off, it will too. It it will also rip higher on any recovery than the UK listed PEs…
Last month performance:
SPY -7%
Brookfield Corp -15%
Blackstone -17%
Apollo -22%
KKR -27%
I'm not one to blindly follow a random on a youtube channel, but I have wondered about buying BN for some time now (never owned it) and especially now given the falls, but since it is an incredibly complex firm to understand and value I sought out some help and found the following:
https://www.youtube.com/watch?v=pRAPQMq3F8Q
Not sure if there is something to be concerned about but if there is a lot of private assets being bought at expensive valuations, that too with a lot of debt (so debt squared in some cases...) then I find it an incredibly risky bet potentially. Add that to interest rates likely to stay high for longer, I wonder what the risk-reward for BN, and others like it, really is?