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Shetland
Posted: 17 February 2021 18:36:42(UTC)
#176

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Aminatidi;153324 wrote:
Shetland;153320 wrote:
Aminatidi;153319 wrote:
Shetland;153311 wrote:
Whatever time period you pick your wealth would be better protected with a decent global fund rather than CGT


I'm honestly not sure that's true.

I picked some random well known trusts.

This isn't cherry picking dates I can't get Trustnet to go back any further.

As much as you can pick dates to support that equities are the only way I think it's easy to pick times when you might have been slightly concerned if you were 100% equities and you didn't have new money to feed in to take advantage.

Don't like it don't buy it but it does seem to do what it says on the tin.



With Bankers and FCIT you picked probably the worst 2 Global IT's possible, hardly random. Also, Is CGT the same trust, has the targets and objectives not changed since then. Is 1999 still relevant ?

As I asked before, what does it say on the tin ?


Perhaps I should have said commonly held trusts.

I honestly don't get your point though because it's not like I'm making up the graphs.

CGT has changed over time no doubt (I think there was a thread on this recently that went into some detail on how it's changed) and likewise the likes of Scottish Mortgage Trust hasn't always been the Baillie Gifford and James Anderson/Tom Slater mandate.

Things change.

I hold some Scottish Mortgage and Baillie Gifford US Growth so I know very well that being in the right things at the right time can work out very nicely.

Did you see what Monks did in 2008?

I just don't want to taking on that level of risk with all of my money.

You do seem to have a bit of a chip on your shoulder about CGT and similar and I really don't get why.


The point I was making is that even two of the worst global it’s have trounced CGT over every time period in the last 10 years.

I don’t have a chip on my shoulder about CGT, I am simply trying to understand what I am missing.

You don’t have to accept SMT level of risk to get a significantly better medium to long term return than CGT
You still haven’t told me what is says on the tin
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Bulldog Drummond on 17/02/2021(UTC)
Aminatidi
Posted: 17 February 2021 18:41:00(UTC)
#177

Joined: 29/01/2018(UTC)
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Shetland;153329 wrote:
The point I was making is that even two of the worst global it’s have trounced CGT over every time period in the last 10 years.

I don’t have a chip on my shoulder about CGT, I am simply trying to understand what I am missing.

You don’t have to accept SMT level of risk to get a significantly better medium to long term return than CGT
You still haven’t told me what is says on the tin


Is 10 years a long time in investing terms and is the last 10 years representative of "normality" though?

Genuine question as I don't know.

What it says on the tin (now not sure about 10 or 20 years ago) is "The Company’s dual objectives are to preserve shareholders’ real wealth and to achieve absolute total return over the medium to longer term.".

It seems to do that.
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SF100 on 17/02/2021(UTC), Trudy Scrumptious on 17/02/2021(UTC), Tim D on 17/02/2021(UTC)
Aminatidi
Posted: 17 February 2021 18:42:00(UTC)
#205

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Tyrion Lannister;153326 wrote:
My experience with CGT is limited. However, what I do know is that it behaved like a defensive equity fund in Feb/March last year. It's fall was comparable to Fundsmith, for example.

It just didn't feel good at the time and wrt CGT, I was, and still am, asking myself why bother?


I do wonder if someone had said in Jan 2020 that there was going to be a global pandemic in March where people would have positioned themselves if they'd literally been told it was coming.

Seems so much of this is looking in the rear-view mirror (including me).
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SF100
Posted: 17 February 2021 18:46:53(UTC)
#204

Joined: 08/02/2020(UTC)
Posts: 2,254
Tyrion Lannister;153326 wrote:
My experience with CGT is limited. However, what I do know is that it behaved like a defensive equity fund in Feb/March last year. It's fall was comparable to Fundsmith, for example.

It just didn't feel good at the time and wrt CGT, I was, and still am, asking myself why bother?

diversification perhaps?
things don't always happen the same.......
oil price doesn't always plummet (deflation) in sync with equities.....
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Tyrion Lannister
Posted: 17 February 2021 18:48:44(UTC)
#206

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Aminatidi;153332 wrote:
Tyrion Lannister;153326 wrote:
My experience with CGT is limited. However, what I do know is that it behaved like a defensive equity fund in Feb/March last year. It's fall was comparable to Fundsmith, for example.

It just didn't feel good at the time and wrt CGT, I was, and still am, asking myself why bother?


I do wonder if someone had said in Jan 2020 that there was going to be a global pandemic in March where people would have positioned themselves if they'd literally been told it was coming.

Seems so much of this is looking in the rear-view mirror (including me).


For me too, I don't really have much more to go on.

I own both CGT and PNL, at least CGT has delivered some capital gain over the last year or so, PNL hardly any. I'm very undecided on this, but my latest thinking is to switch PNL into short term bonds and keep CGT.
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Aminatidi on 17/02/2021(UTC)
Shetland
Posted: 17 February 2021 18:50:32(UTC)
#178

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Aminatidi;153331 wrote:
Shetland;153329 wrote:
The point I was making is that even two of the worst global it’s have trounced CGT over every time period in the last 10 years.

I don’t have a chip on my shoulder about CGT, I am simply trying to understand what I am missing.

You don’t have to accept SMT level of risk to get a significantly better medium to long term return than CGT
You still haven’t told me what is says on the tin


Is 10 years a long time in investing terms and is the last 10 years representative of "normality" though?

Genuine question as I don't know.

What it says on the tin (now not sure about 10 or 20 years ago) is "The Company’s dual objectives are to preserve shareholders’ real wealth and to achieve absolute total return over the medium to longer term.".

It seems to do that.

10 years is probably more representative than 20 years

With regard to what it says on the tin, a decent global fund or even a tracker will do that and more.

I am looking for somewhere relatively safe to put money when markets are very high, I would love for CGT to be that but I have not seen any evidence that it is.
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Shetland
Posted: 17 February 2021 18:52:26(UTC)
#207

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Tyrion Lannister;153335 wrote:
Aminatidi;153332 wrote:
Tyrion Lannister;153326 wrote:
My experience with CGT is limited. However, what I do know is that it behaved like a defensive equity fund in Feb/March last year. It's fall was comparable to Fundsmith, for example.

It just didn't feel good at the time and wrt CGT, I was, and still am, asking myself why bother?


I do wonder if someone had said in Jan 2020 that there was going to be a global pandemic in March where people would have positioned themselves if they'd literally been told it was coming.

Seems so much of this is looking in the rear-view mirror (including me).


For me too, I don't really have much more to go on.

I own both CGT and PNL, at least CGT has delivered some capital gain over the last year or so, PNL hardly any. I'm very undecided on this, but my latest thinking is to switch PNL into short term bonds and keep CGT.


I accept risk, I have various BG funds and ITs and have other funds people might consider risky but bonds are a risk to far for me. The 40 year bull market in bonds will end soon.

Interest rates cannot fall far from 0.25%
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Easyrider on 17/02/2021(UTC)
SF100
Posted: 17 February 2021 18:55:24(UTC)
#185

Joined: 08/02/2020(UTC)
Posts: 2,254
Shetland;153336 wrote:

With regard to what it says on the tin, a decent global fund or even a tracker will do that and more.

I am looking for somewhere relatively safe to put money when markets are very high, I would love for CGT to be that but I have not seen any evidence that it is.

clearly, you should just invest it in "a decent global fund or even a tracker"
I'm struggling to understand your dilemma....
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Trudy Scrumptious on 17/02/2021(UTC)
Aminatidi
Posted: 17 February 2021 18:58:40(UTC)
#179

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

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Shetland;153336 wrote:

10 years is probably more representative than 20 years

With regard to what it says on the tin, a decent global fund or even a tracker will do that and more.

I am looking for somewhere relatively safe to put money when markets are very high, I would love for CGT to be that but I have not seen any evidence that it is.


Then why don't you put it in a decent global fund or tracker?

Genuinely confused :)
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SF100 on 17/02/2021(UTC)
Shetland
Posted: 17 February 2021 19:01:11(UTC)
#180

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

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Was thanked: 1531 time(s) in 648 post(s)
Aminatidi;153339 wrote:
Shetland;153336 wrote:

10 years is probably more representative than 20 years

With regard to what it says on the tin, a decent global fund or even a tracker will do that and more.

I am looking for somewhere relatively safe to put money when markets are very high, I would love for CGT to be that but I have not seen any evidence that it is.


Then why don't you put it in a decent global fund or tracker?

Genuinely confused :)


Because like the people who invest in CGT, I am looking for a lower risk for times when the market is in correction territory but I don’t think that CGT is that.
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