Funds Insider - Opening the door to funds

Welcome to the Citywire Funds Insider Forums, where members share investment ideas and discuss everything to do with their money.

You'll need to log in or set up an account to start new discussions or reply to existing ones. See you inside!

Notification

Icon
Error
Personal Assets Trust
+ Reply to discussion
Options
Aminatidi
Posted: 19 February 2021 16:23:24(UTC)
#243

Joined: 29/01/2018(UTC)
Posts: 5,865

Thanks: 7151 times
Was thanked: 11412 time(s) in 3831 post(s)
D Bergman;153807 wrote:
Do you mean that you've just sold PNL & CGT and invested in the BG Trusts immediately after listening to their webinar?


Sorry I should have been clearer.

I already had around 15% of my portfolio across both of the BG trusts

I've just sold down £10K each of PNL and CGT and reinvested it equally into the BG trusts.

It's around 8% in total so it won't set the world on fire but I think it's enough for one small move.
Back to top Quote
2 users thanked Aminatidi for this post.
Keith Cobby on 19/02/2021(UTC), D Bergman on 19/02/2021(UTC)
D Bergman
Posted: 19 February 2021 16:30:52(UTC)
#246

Joined: 22/03/2018(UTC)
Posts: 1,308

Thanks: 1684 times
Was thanked: 3536 time(s) in 1035 post(s)
Aminatidi;153809 wrote:
D Bergman;153807 wrote:
Do you mean that you've just sold PNL & CGT and invested in the BG Trusts immediately after listening to their webinar?


Sorry I should have been clearer.

I already had around 15% of my portfolio across both of the BG trusts

I've just sold down £10K each of PNL and CGT and reinvested it equally into the BG trusts.

It's around 8% in total so it won't set the world on fire but I think it's enough for one small move.


That sounds a bit more logical.

It's better than an investors' meeting I attended with Terry Smith (who, I should say, is a very persuasive speaker).
At the end of the meeting one investor decided to increase his allocation to FS from £150K to £1M.

Even I, who holds a substantial amount in FS, thought that his decision was overly hasty!
Back to top Quote
4 users thanked D Bergman for this post.
SF100 on 19/02/2021(UTC), Aminatidi on 19/02/2021(UTC), smg8 on 19/02/2021(UTC), Tim D on 19/02/2021(UTC)
Rory Barr
Posted: 19 February 2021 16:34:14(UTC)
#244

Joined: 18/11/2018(UTC)
Posts: 737

Thanks: 470 times
Was thanked: 2026 time(s) in 578 post(s)
Aminatidi;153809 wrote:
D Bergman;153807 wrote:
Do you mean that you've just sold PNL & CGT and invested in the BG Trusts immediately after listening to their webinar?


Sorry I should have been clearer.

I already had around 15% of my portfolio across both of the BG trusts

I've just sold down £10K each of PNL and CGT and reinvested it equally into the BG trusts.

It's around 8% in total so it won't set the world on fire but I think it's enough for one small move.


You should have your own dedicated thread Aminatidi, full of your musings, questions, and transactions.

With the admirable level of transparency with which you post, I genuinely think that if someone asked me, I could write down your portfolio with greater accuracy than my own.
Back to top Quote
1 user thanked Rory Barr for this post.
Aminatidi on 19/02/2021(UTC)
Aminatidi
Posted: 19 February 2021 16:42:09(UTC)
#245

Joined: 29/01/2018(UTC)
Posts: 5,865

Thanks: 7151 times
Was thanked: 11412 time(s) in 3831 post(s)
Rory Barr;153818 wrote:
You should have your own dedicated thread Aminatidi, full of your musings, questions, and transactions.

With the admirable level of transparency with which you post, I genuinely think that if someone asked me, I could write down your portfolio with greater accuracy than my own.



Well not being funny but why wouldn't anyone be transparent?

I have my limits on how much personal info I'd give out but I don't really see the point in asking for opinions or thoughts on something without providing enough info for it to give some kind of context.

Said it before but I post a lot but actually do very little.
Back to top Quote
5 users thanked Aminatidi for this post.
Rory Barr on 19/02/2021(UTC), D Bergman on 19/02/2021(UTC), Guest on 19/02/2021(UTC), smg8 on 19/02/2021(UTC), Tim D on 23/02/2021(UTC)
Aminatidi
Posted: 19 February 2021 16:43:17(UTC)
#247

Joined: 29/01/2018(UTC)
Posts: 5,865

Thanks: 7151 times
Was thanked: 11412 time(s) in 3831 post(s)
D Bergman;153816 wrote:
That sounds a bit more logical.

It's better than an investors' meeting I attended with Terry Smith (who, I should say, is a very persuasive speaker).
At the end of the meeting one investor decided to increase his allocation to FS from £150K to £1M.

Even I, who holds a substantial amount in FS, thought that his decision was overly hasty!


Yeah I have "Investing for Growth" sitting on the table next to me I've just not got round to reading it yet.

It could prove to be an expensive book.
Back to top Quote
 |  Edit by user
Aminatidi
Posted: 23 February 2021 10:27:05(UTC)
#249

Joined: 29/01/2018(UTC)
Posts: 5,865

Thanks: 7151 times
Was thanked: 11412 time(s) in 3831 post(s)
From another thread but seems relevant here.

A week ago I was sitting on £249K in HL and thinking "quarter of a million that'll be a nice psychological barrier broken".

Just looked and now sitting on £240K.

That's £10K of real money that I feel has been wiped out in a week which is a few months take home.

But I'm actually not as bothered as I thought I would be as I think there's a point where you've enough invested that maybe the percentage matters more than the amount?

What's surprised me is that I'm actually debating whether to sell Personal Assets and try to take advantage elsewhere but the "elsewhere" would probably be BG Managed or RICA (mostly to bring the growth bias down a bit) which raises some questions about too much BG and whether I want the hassle of HL fees and having it in an unwrapped account too.
Back to top Quote
SF100
Posted: 23 February 2021 12:33:08(UTC)
#252

Joined: 08/02/2020(UTC)
Posts: 2,254
just to show my ignorance of bonds....

why are trading prices for TIPS falling, if it is inflation concerns are apparently moving the equity market?
Inflation linked securities should be desirable, no?

I'm tooking at ticker ITPS in particular (average duration 8yrs)
Noted that shorter dated generally unaffected, ref ticker TIP5
Back to top Quote
Bulldog Drummond
Posted: 23 February 2021 13:16:51(UTC)
#254

Joined: 03/10/2017(UTC)
Posts: 6,253

Thanks: 2935 times
Was thanked: 11838 time(s) in 4405 post(s)
SF100;154661 wrote:
just to show my ignorance of bonds....

why are trading prices for TIPS falling, if it is inflation concerns are apparently moving the equity market?
Inflation linked securities should be desirable, no?

I'm tooking at ticker ITPS in particular (average duration 8yrs)
Noted that shorter dated generally unaffected, ref ticker TIP5


If you buy a bond at issue and hold to maturity you will get your money back plus interest if the issuer doesn't default. With TIPS there is obviously no risk of default unless there is a nuclear war. However, daily pricing is based on expectations and buyers & sellers, so you can see huge fluctuations in pricing. I don't really follow them but it could be that expectations of inflation have been revised and/or holders are selling for liquidity.
Back to top Quote
1 user thanked Bulldog Drummond for this post.
SF100 on 23/02/2021(UTC)
Shetland
Posted: 23 February 2021 13:41:45(UTC)
#255

Joined: 13/03/2015(UTC)
Posts: 1,242
Bulldog Drummond;154675 wrote:
SF100;154661 wrote:
just to show my ignorance of bonds....

why are trading prices for TIPS falling, if it is inflation concerns are apparently moving the equity market?
Inflation linked securities should be desirable, no?

I'm tooking at ticker ITPS in particular (average duration 8yrs)
Noted that shorter dated generally unaffected, ref ticker TIP5


If you buy a bond at issue and hold to maturity you will get your money back plus interest if the issuer doesn't default. With TIPS there is obviously no risk of default unless there is a nuclear war. However, daily pricing is based on expectations and buyers & sellers, so you can see huge fluctuations in pricing. I don't really follow them but it could be that expectations of inflation have been revised and/or holders are selling for liquidity.


So they are volatile. I always understood them to be stable which is why they were included in such assets as CGT, PNL etc
Back to top Quote
7upfree
Posted: 23 February 2021 13:56:47(UTC)
#250

Joined: 15/03/2018(UTC)
Posts: 445

Thanks: 434 times
Was thanked: 956 time(s) in 302 post(s)
Aminatidi;154611 wrote:
From another thread but seems relevant here.

A week ago I was sitting on £249K in HL and thinking "quarter of a million that'll be a nice psychological barrier broken".

Just looked and now sitting on £240K.

That's £10K of real money that I feel has been wiped out in a week which is a few months take home.

But I'm actually not as bothered as I thought I would be as I think there's a point where you've enough invested that maybe the percentage matters more than the amount?

What's surprised me is that I'm actually debating whether to sell Personal Assets and try to take advantage elsewhere but the "elsewhere" would probably be BG Managed or RICA (mostly to bring the growth bias down a bit) which raises some questions about too much BG and whether I want the hassle of HL fees and having it in an unwrapped account too.


If it helps any, I purchased more PNL and CGT last month. I am not really concerned about a short term dip - disappointing though it may be.
Back to top Quote
1 user thanked 7upfree for this post.
Trudy Scrumptious on 23/02/2021(UTC)
40 Pages«Previous page2324252627Next page»
+ Reply to discussion

Markets

Other markets