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Rory Barr
Posted: 11 February 2022 12:45:56(UTC)
#355

Joined: 18/11/2018(UTC)
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JayW;208651 wrote:
A bit of a broadside at Troy/PNL from Ruffer LLP?

"...many think there is safety in the mega-tech stocks such as Apple and Microsoft. But we’re not so sure."

https://www.ruffer.co.uk...paign=2022-02-green-line


We've seen over the years the different routes to effectively the same destination the three most discussed wealth preserving houses, Troy, Ruffer, and Capital Gearing, take. For that reason, if you're looking to preserve what you've got, I've always been of the thought 'buy all three' but perhaps in differing ratios depending upon your, and their, take on things.

Plus a chunk in RIT for me, but I see them as growth.
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3 users thanked Rory Barr for this post.
Raj K on 11/02/2022(UTC), Robin on 11/02/2022(UTC), Strangways on 13/02/2022(UTC)
MikeT
Posted: 11 February 2022 14:03:41(UTC)
#356

Joined: 12/02/2017(UTC)
Posts: 1,522
I own all three (CGT, PNL, RICA) in my ISA.

Ruffer’s allocation is smaller than the others because I view it as more ‘crash protection’ than a steady returns engine.
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Rory Barr
Posted: 11 February 2022 14:15:28(UTC)
#357

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MikeT;208682 wrote:
I own all three (CGT, PNL, RICA) in my ISA.

Ruffer’s allocation is smaller than the others because I view it as more ‘crash protection’ than a steady returns engine.


Same here, less RICA than PNL and CGT, and same reason too. That said it’s done well these past 12 months.
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Robin
Posted: 11 February 2022 14:18:27(UTC)
#358

Joined: 06/07/2009(UTC)
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I'd agree (for what it might be worth!)

25% CGT/CGAR
15% Trojan Ethical
10% RICA/Ruffer

10% RCP
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2 users thanked Robin for this post.
Rory Barr on 11/02/2022(UTC), dlp6666 on 13/02/2022(UTC)
JayW
Posted: 13 February 2022 19:42:22(UTC)
#359

Joined: 25/08/2019(UTC)
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Can anyone suggest why the Trojan fund seems to be consistently out-performing the PNL trust?

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kim shillinglaw on 14/02/2022(UTC)
Aminatidi
Posted: 13 February 2022 19:46:24(UTC)
#360

Joined: 29/01/2018(UTC)
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You're comparing ACC units of Trojan to PNL but don't have the reinvest dividends toggle on on Trustnet :)
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2 users thanked Aminatidi for this post.
JayW on 13/02/2022(UTC), kim shillinglaw on 14/02/2022(UTC)
JayW
Posted: 13 February 2022 19:54:42(UTC)
#361

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Thanks, I thought something was up - I must have untoggled it the other day and assumed it would have toggled itself back.
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Aminatidi on 13/02/2022(UTC)
JayW
Posted: 17 February 2022 08:31:31(UTC)
#362

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A decent talk from Sebastian Lyon here, covering the history of the trust and Troy, and talking about their various holdings, and also what they don't hold:

https://www.youtube.com/watch?v=g1yR_naV61w
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Monty Claret on 17/02/2022(UTC), countrymum on 17/02/2022(UTC)
JayW
Posted: 17 February 2022 09:31:36(UTC)
#337

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JayW;206455 wrote:
Aminatidi;206184 wrote:
Does PNL hold actual physical gold somewhere or, apart from the miners like Franco is "gold bars" just an ETF?

Trojan suggests and ETF as it references Invesco Physical Gold.


As far as I can tell it's not an ETC, and is alluded to in these articles:

https://citywire.com/fun...vestment-trusts/a498342

https://www.investorschr...4uqAN0XDIN/article.html

Why they aren't more transparent I've no idea.


Lyon answers this in the above presentation. Troy hold gold via ETCs but PNL being a trust are able to directly hold gold bullion in an audited account with JP Morgan in London. Holding it directly costs around 0.05% annually, which is cheaper than the ETC route. He says they go there to look at it occasionally!
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3 users thanked JayW for this post.
Strangways on 17/02/2022(UTC), Guest on 17/02/2022(UTC), Tim D on 27/02/2022(UTC)
Jesse M
Posted: 27 February 2022 16:54:39(UTC)
#363

Joined: 30/12/2020(UTC)
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Lovely up to date comparison and breakdown of RIT, PNL, CGT and Ruffer

https://www.sharesmagazi...rust-in-market-shake-up

Or Google

Shares magazine and
ruffer-is-top-performing-capital-preservation-trust-in-market-shake-up
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4 users thanked Jesse M for this post.
Mr GL on 27/02/2022(UTC), Robin on 27/02/2022(UTC), Rory Barr on 27/02/2022(UTC), Tim D on 27/02/2022(UTC)
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