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Aminatidi
Posted: 07 January 2023 08:39:54(UTC)
#713

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Worth highlighting though that RIT's own KID shows costs of around 5.4%

So even if you had zero platform fees or trading fees or stamp duty to pay it's not exactly cheap.

Basically if you've held it for a year you've paid RIT 5.4% to lose 30% of your money.
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Dexi
Posted: 07 January 2023 09:02:46(UTC)
#714

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Aminatidi;252865 wrote:
Worth highlighting though that RIT's own KID shows costs of around 5.4%

So even if you had zero platform fees or trading fees or stamp duty to pay it's not exactly cheap.

Basically if you've held it for a year you've paid RIT 5.4% to lose 30% of your money.


And over 10 yrs , they`ve taken over half your returns . I think this was the main objection KL had to this trust .
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Tim D on 07/01/2023(UTC), dlp6666 on 07/01/2023(UTC)
bédé
Posted: 07 January 2023 09:51:30(UTC)
#718

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Basically RCP's remit is: "what is good long term for the Rothschild family". That might not be OK for fellow travellers..
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Robin
Posted: 07 January 2023 09:52:36(UTC)
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Dexi;252867 wrote:
Aminatidi;252865 wrote:
Worth highlighting though that RIT's own KID shows costs of around 5.4%

So even if you had zero platform fees or trading fees or stamp duty to pay it's not exactly cheap.

Basically if you've held it for a year you've paid RIT 5.4% to lose 30% of your money.


And over 10 yrs , they`ve taken over half your returns . I think this was the main objection KL had to this trust .


I seem to recall that KL held RCP in reasonable regard.
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Tim D on 07/01/2023(UTC), William P on 07/01/2023(UTC)
bédé
Posted: 07 January 2023 09:55:51(UTC)
#719

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Many on these forums never counted RCP as capital preservation. It was always something different. Unique?
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Robin
Posted: 07 January 2023 10:08:56(UTC)
#716

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Aminatidi;252865 wrote:
Worth highlighting though that RIT's own KID shows costs of around 5.4%

So even if you had zero platform fees or trading fees or stamp duty to pay it's not exactly cheap.

Basically if you've held it for a year you've paid RIT 5.4% to lose 30% of your money.


Ah. Hindsight investing. The easiest kind! But what from here I wonder?
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Aminatidi on 07/01/2023(UTC)
Peter61
Posted: 07 January 2023 10:29:49(UTC)
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I had an untypical dabble yesterday, given the nature of the price drop it seemed like a reasonable risk. Bought 1031 @ £19.63 in the morning, sold @ £20.62 in late afternoon, £900 profit. Pity it's not always this easy.

Pete
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Aminatidi
Posted: 07 January 2023 10:30:57(UTC)
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Robin;252874 wrote:
Aminatidi;252865 wrote:
Worth highlighting though that RIT's own KID shows costs of around 5.4%

So even if you had zero platform fees or trading fees or stamp duty to pay it's not exactly cheap.

Basically if you've held it for a year you've paid RIT 5.4% to lose 30% of your money.


Ah. Hindsight investing. The easiest kind! But what from here I wonder?


100% 😀

I actually quite like RIT and I want to like RIT but i've been on a bit of a journey around costs and sometimes it's a bit of a conflicting journey but honestly I'm really struggling to make the case for RIT's fees.

People can probably overlook fees when they're making money especially if they're making it whilst others are losing it.

I wonder if that holds true if they feel they're losing money?

Long term picture is still good which I'm sure is what the Rothschilds care about but it's another one where all those fees and it's behind a cheap dumb tracker over 10 years but perhaps more importantly I'm struggling to see where it's held up in times of market stress unless it's another "look at the NAV" thing?

Obviously everyone has to do what works for them it's just I want to get it but I find every time I look I don't get it.
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Robin on 07/01/2023(UTC), Peter61 on 07/01/2023(UTC), Johan De Silva on 07/01/2023(UTC), Tim D on 07/01/2023(UTC), downatthirdman on 07/01/2023(UTC), Jesse M on 07/01/2023(UTC), Guest on 07/01/2023(UTC), Logic Prophets on 07/01/2023(UTC), dlp6666 on 07/01/2023(UTC), William P on 09/01/2023(UTC)
Robin
Posted: 07 January 2023 10:41:22(UTC)
#721

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Yes, I realise your views Aminatidi are always more considered! I think I first bought over 15 years ago, broadly having held on and added at times (and traded around the edges more recently) - but over that time it has offered a decent, slowly compounding return, and that has managed through several crashes and wobbles - but always come good. Now this may not continue, but in this new climate I'm comfortable to continue to leave up to say 10% to RIT. They can get on with it, and I'm ok with fees in light of the access you get. If I had to choose a handful of investments for the next ten years which I could not touch, RCP would be there alongside a global tracker, CGT, perhaps PNL/RICA/HVPE.

I've been wrong before and been too loyal before, but there are some older (ahem) folk around here who have held things for years and years and over time seem to do rather well with that approach.

As a footnote, I guess RCP might now be considered as setting itself up for a broader recovery - and it holds a lot more money-making private investments than other "blue-sky" creatures. Its biggest private holding is trucking logistics (or something like that).
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Johan De Silva
Posted: 07 January 2023 10:42:34(UTC)
#722

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Aminatidi it is absolutely a NAV thing and your are plotting a chart to help support your narrative.

If you are to instead plot a chart looking forward into the future from wide discounts today you would see the gearing like impact of discount narrowing that more than covers the fee. But you know all this but rightly pointing out the flipside or for a buy and hold forever investor.
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