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Shetland
Posted: 17 February 2021 14:30:31(UTC)
#166

Joined: 13/03/2015(UTC)
Posts: 1,242

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0x3F;153206 wrote:
Tyrion Lannister;153143 wrote:
I hold them both but am beginning to wonder why I bother. Both fell like equities in Feb/March last rear..


100% disagree. Looking at my (monthly) unitised spreadsheet, my recorded values show 5% dip for my CGT/PNL basket and a 25% dip for FTSEAS TR. Currently, CGT/PNL are sitting around all time highs, and FTSEAS still well off the highs. As I see it, they've outperformed and with less volatility.

If look intra-month, CGT/PNL falls look like ~10%, still much less than FTSEAS. Not sure about LS comparisons wrt recent performance, but I much prefer active management and not at all keen on bond exposure (though suppose depends on duration).

-0x3F





Why are you comparing it to the FTSE when only 20% of CGT is UK. You should compare to a global index tracker such as Fidelity World Index. Better still, try comparing it to a decent global trust such as MNKS.
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1 user thanked Shetland for this post.
Tyrion Lannister on 18/02/2021(UTC)
SF100
Posted: 17 February 2021 14:30:31(UTC)
#190

Joined: 08/02/2020(UTC)
Posts: 2,254
Easyrider;153139 wrote:
I still can't see the attraction of PNL over LifeStrategy 40/60 or 60/40. Both have performed better over 5 years as far as I can identify and both are much cheaper.
LS 40/60 (40% stocks, 60% bonds) seems more diversified that PNL except for gold, but I may be mistaken.

because they are experts in amongst the complex world of bonds.
and their views are that the type of bonds held by LS are no longer worth holding, due to negative yields I believe.
also, perhaps LifeStrategy holds some of this kind of stuff (link below), being that it has a share in the whole equity market......whereas investors in CGT/PNL prefer to steer clear in the hope of reducing volatility

post #28
https://moneyforums.city...y-is-the-Correction.aspx
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SF100
Posted: 17 February 2021 14:46:58(UTC)
#167

Joined: 08/02/2020(UTC)
Posts: 2,254
Shetland;153258 wrote:
0x3F;153206 wrote:
Tyrion Lannister;153143 wrote:
I hold them both but am beginning to wonder why I bother. Both fell like equities in Feb/March last rear..


100% disagree. Looking at my (monthly) unitised spreadsheet, my recorded values show 5% dip for my CGT/PNL basket and a 25% dip for FTSEAS TR. Currently, CGT/PNL are sitting around all time highs, and FTSEAS still well off the highs. As I see it, they've outperformed and with less volatility.

If look intra-month, CGT/PNL falls look like ~10%, still much less than FTSEAS. Not sure about LS comparisons wrt recent performance, but I much prefer active management and not at all keen on bond exposure (though suppose depends on duration).
-0x3F

Why are you comparing it to the FTSE when only 20% of CGT is UK. You should compare to a global index tracker such as Fidelity World Index. Better still, try comparing it to a decent global trust such as MNKS.

Well, for info, CGTs minimum target is to beat UK RPI.
I guess if that was of no interest, one wouldn't invest.
But since you suggested it, during the GFC:
MNKS fell 42%
CGT fell 11%
During the Covid/march 2020:
MNKS fell 27%
CGT fell 15%
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3 users thanked SF100 for this post.
0x3F on 17/02/2021(UTC), Monty Claret on 17/02/2021(UTC), Easyrider on 17/02/2021(UTC)
bédé
Posted: 17 February 2021 15:08:19(UTC)
#136

Joined: 26/09/2018(UTC)
Posts: 7,895

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Aminatidi;153216 wrote:
guaranteed £40K inflation linked income from aged 65 for as long as I live I promise you my attitude to the volatility of my hard won life savings will change.

I have never said any amount. Only the word "modest". And having "frugal needs". Anything else is only known to me. My hard won life savings are happier with a healthy boost.
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Aminatidi on 17/02/2021(UTC)
SF100
Posted: 17 February 2021 15:18:29(UTC)
#137

Joined: 08/02/2020(UTC)
Posts: 2,254
bédé;153270 wrote:
Aminatidi;153216 wrote:
guaranteed £40K inflation linked income from aged 65 for as long as I live I promise you my attitude to the volatility of my hard won life savings will change.

I have never said any amount. Only the word "modest". And having "frugal needs". Anything else is only known to me. My hard won life savings are happier with a healthy boost.

bédé I agree with you.
But I think Aminatidi was just generalising without directing that at you.
However, it is presumably only 'some' of your 'savings' that are currently undergoing a healthy boost.
The other portion was squirelled into your DB pension, being the point in focus.
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Aminatidi on 17/02/2021(UTC)
Shetland
Posted: 17 February 2021 15:20:26(UTC)
#169

Joined: 13/03/2015(UTC)
Posts: 1,242

Thanks: 927 times
Was thanked: 1531 time(s) in 648 post(s)
SF100;153262 wrote:
Shetland;153258 wrote:
0x3F;153206 wrote:
Tyrion Lannister;153143 wrote:
I hold them both but am beginning to wonder why I bother. Both fell like equities in Feb/March last rear..


100% disagree. Looking at my (monthly) unitised spreadsheet, my recorded values show 5% dip for my CGT/PNL basket and a 25% dip for FTSEAS TR. Currently, CGT/PNL are sitting around all time highs, and FTSEAS still well off the highs. As I see it, they've outperformed and with less volatility.

If look intra-month, CGT/PNL falls look like ~10%, still much less than FTSEAS. Not sure about LS comparisons wrt recent performance, but I much prefer active management and not at all keen on bond exposure (though suppose depends on duration).
-0x3F

Why are you comparing it to the FTSE when only 20% of CGT is UK. You should compare to a global index tracker such as Fidelity World Index. Better still, try comparing it to a decent global trust such as MNKS.

Well, for info, CGTs minimum target is to beat UK RPI.
I guess if that was of no interest, one wouldn't invest.
But since you suggested it, during the GFC:
MNKS fell 42%
CGT fell 11%
During the Covid/march 2020:
MNKS fell 27%
CGT fell 15%


Yes but fell from where. You are totally ignoring all the gains that would have made, a common mistake with CGT investors.

Had you invested two years before COVID / March 2020 what the numbers look like ?

I find a fall of 15% significant for a fund which is supposed to be low volatility
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2 users thanked Shetland for this post.
J-san on 17/02/2021(UTC), smg8 on 17/02/2021(UTC)
bédé
Posted: 17 February 2021 15:22:45(UTC)
#145

Joined: 26/09/2018(UTC)
Posts: 7,895

Thanks: 4617 times
Was thanked: 6855 time(s) in 3716 post(s)
Easyrider;153213 wrote:
"He who dares wins."
. "Fortune favours the bold."

But venturing a bold posture on what is essentially a CGT/PNL/RICA thread was, perhaps a risky move.
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Tim D on 17/02/2021(UTC)
Easyrider
Posted: 17 February 2021 15:44:14(UTC)
#168

Joined: 09/11/2020(UTC)
Posts: 1,951
SF100;153262 wrote:
Shetland;153258 wrote:
0x3F;153206 wrote:
Tyrion Lannister;153143 wrote:
I hold them both but am beginning to wonder why I bother. Both fell like equities in Feb/March last rear..


100% disagree. Looking at my (monthly) unitised spreadsheet, my recorded values show 5% dip for my CGT/PNL basket and a 25% dip for FTSEAS TR. Currently, CGT/PNL are sitting around all time highs, and FTSEAS still well off the highs. As I see it, they've outperformed and with less volatility.

If look intra-month, CGT/PNL falls look like ~10%, still much less than FTSEAS. Not sure about LS comparisons wrt recent performance, but I much prefer active management and not at all keen on bond exposure (though suppose depends on duration).
-0x3F

Why are you comparing it to the FTSE when only 20% of CGT is UK. You should compare to a global index tracker such as Fidelity World Index. Better still, try comparing it to a decent global trust such as MNKS.

Well, for info, CGTs minimum target is to beat UK RPI.
I guess if that was of no interest, one wouldn't invest.
But since you suggested it, during the GFC:
MNKS fell 42%
CGT fell 11%
During the Covid/march 2020:
MNKS fell 27%
CGT fell 15%
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Dexi
Posted: 17 February 2021 15:47:23(UTC)
#195

Joined: 03/04/2018(UTC)
Posts: 1,749
bédé;153180 wrote:
Easyrider;153167 wrote:
most retired people are more interested in dividends to fund their retirement?


I can't disagree. But are they right , or very wrong? Most does not represent the best example, usually the majority are the unthinking, lazy disinterested.

There are two ways of making money from shares. 1. Capital gains, 2. Dividends. Neither is guaranteed. If you want a guarantee, buy an annuity.

Dividends are certainly not guaranteed. In times of hardship they will be reduced. Sometimes companies maintain high dividends by eroding capital, borrowing even.

Liquidate your gains, spend your dividends by all means, but preserve your capital so that you can continue to do this over a long period. OK, an alternative might be to estimate your lifespan and run all your holdings down to zero by Day D.

I think there was a case recently where someone had been given a year to live by his doc. so sold everything . Now , a few years later , he`s still here and suing his doc . for wrongful diagnosis : )
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SF100
Posted: 17 February 2021 15:49:06(UTC)
#170

Joined: 08/02/2020(UTC)
Posts: 2,254
Shetland;153273 wrote:
SF100;153262 wrote:

Why are you comparing it to the FTSE when only 20% of CGT is UK. You should compare to a global index tracker such as Fidelity World Index. Better still, try comparing it to a decent global trust such as MNKS.

Well, for info, CGTs minimum target is to beat UK RPI.
I guess if that was of no interest, one wouldn't invest.
But since you suggested it, during the GFC:
MNKS fell 42%
CGT fell 11%
During the Covid/march 2020:
MNKS fell 27%
CGT fell 15%


Quote:
Yes but fell from where. You are totally ignoring all the gains that would have made, a common mistake with CGT investors.

Had you invested two years before COVID / March 2020 what the numbers look like ?

I find a fall of 15% significant for a fund which is supposed to be low volatility



who said it is supposed to be low volatility?
its strategy is medium to long term, not 1-6 weeks.
as such, who gives a s*** about a very selective 2 year period.......
for the 10 years preceeding the GFC
MNKS sp rose by factor of 2.35
CGT sp rose by factor of 2.65....totally ignoring eh!!
not sure why you've such a bee in your bonnet about these funds, they do what they say on the tin......
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3 users thanked SF100 for this post.
Guest on 17/02/2021(UTC), Logic Prophets on 17/02/2021(UTC), Trudy Scrumptious on 17/02/2021(UTC)
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