Search found 47 matches

by StOmer
November 14th, 2018, 10:02 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 19
Views: 733

Re: British Empire (BTEM)

The long-gone IT magazine used to run a portfolio of 10 trusts as the editor found that worked best for him, easy to manage and rebalance where necessary. Your 1/3 split could easily be moved to a 70/30 core/sat structure where your satellite holdings take advantage of the fact that IT's offer oppor...
by StOmer
November 14th, 2018, 6:12 pm
Forum: Investment Trusts and Unit Trusts
Topic: Lindsell Train Global Equity Vs Fundsmith Equity
Replies: 9
Views: 1198

Re: Lindsell Train Global Equity Vs Fundsmith Equity

Commentators on CNBC today discussing Facebook, Apple, Amazon etc (FAANGS). Consensus appeared to be that Facebook was a good stock to hold, they own Instagram plus via Facebook they are able targeted ads by geolocations. This is something that no one else can currently do on the same scale. Apple m...
by StOmer
November 14th, 2018, 1:33 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 19
Views: 733

Re: British Empire (BTEM)

Aminatidi wrote:That would put me roughly 1/3 LT & FS, 1/3 defensive and 1/3 "other" diversifiers/other.

Interesting 3-way split, is this idea similar to a typical core/satellite approach of 70% core where your core allocation would be LT, FS and defensives?
by StOmer
November 14th, 2018, 1:27 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 19
Views: 733

Re: British Empire (BTEM)

What is the z score please? Dod Apologies for the delay in response, I wrote one but then the Internet failed and the post was lost. I'll try again :-) The z-score is a statistical measurement showing the value in the current price relative the premium or discount. Whilst it is usually shown as a 1...
by StOmer
November 14th, 2018, 10:44 am
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 19
Views: 733

Re: British Empire (BTEM)

Very little in the US so perhaps a useful diversifier from the usual suspects. The latest report indicates a desire to deal with the discount although it is perhaps just a nudge to the directors rather than anything concrete. There are many levers available to the Board to tackle the discount which,...
by StOmer
November 13th, 2018, 11:54 am
Forum: Investment Trusts and Unit Trusts
Topic: Changes to Foreign & Colonial ITs
Replies: 19
Views: 1002

Re: Changes to Foreign & Colonial ITs

The changes occurred on Monday, my HL account was correctly updated with the new names and symbols. Morningstar has details of the various name changes at http://www.morningstar.co.uk/uk/news/AN_1541776711285919300/fc-trusts-to-change-names-as-bmo-launches-re-branding-.aspx
by StOmer
November 3rd, 2018, 9:51 pm
Forum: Investment Trusts and Unit Trusts
Topic: Woodford Patient Capital - Why?
Replies: 20
Views: 1315

Re: Woodford Patient Capital - Why?

Picked this up on a double digit discount in September, up a shade under 10% in a few weeks but see this as a speculative long term (patient) hold. For the portfolio I see this as part of my UK allocation but as a satellite holding of 5%, the lack of dividend makes it suitable to hold outside the IS...
by StOmer
October 23rd, 2018, 10:03 am
Forum: Investment Trusts and Unit Trusts
Topic: Alliance Trust
Replies: 40
Views: 3074

Re: Alliance Trust

The previous management under KGC cannot surely be very happy but her millions from the ill thought through LTIP (she is still in line for at least one further payment) will be providing some comfort. I never thought much of her chairman, Lesley Knox. Dod I always shied awy from ATS as it seemed a ...
by StOmer
October 23rd, 2018, 9:56 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

I guess there's always an argument that it's just an expensive multi-asset. Concentrate on performance rather than costs and imho you will be fine. I track my performance against a Vanguard Life Strategy 80% and have done better than that every year since it started out. Over time the difference ge...
by StOmer
October 22nd, 2018, 4:34 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

That collection of ITs seems to me to be good for all seasons and I certainly would do nothing with them now or in any other foreseeable circumstance. Mind you I hold four of them and am missing only PNL and LWDB, both of which are good I think in their own ways. Thanks for listing the collection. ...
by StOmer
October 21st, 2018, 11:43 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

I don't know what the OP meant with PLA but PNL has been in the Money Week portfolio for many years, probably since inception knowing how often they have rec'd it. The IT portfolio at MW has not been updated on the website since 12/2017 and then held CLDN, PNL, SMT, RCP, LWDB and TMPL. I think Merry...
by StOmer
October 21st, 2018, 9:34 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

Key thing I think is to remember that Personal Assets is not a growth holding, their primary aim is the preservation of capital.
by StOmer
October 20th, 2018, 10:14 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

...suggesting a reduction in equities from 80% to 50% at that time. I don't recall the equity allocation ever rising back up from this (but could be mistaken), and only recall seeing it around or lower than 50% since. That is correct. I haven't looked tge exact figures up but if I recall correctly,...
by StOmer
October 18th, 2018, 9:23 pm
Forum: Investment Trusts and Unit Trusts
Topic: Vanguard life strategy tracker
Replies: 9
Views: 1135

Re: Vanguard life strategy tracker

Since the 20, 40, 60, 80 and 100 LS funds all have the same 0.22% charge, I'd be really surprised if they managed to do that whilst investing in different assets in different ratios. Further to my quote above, I used the site's "contact us" link to ask the question as to whether the OCF w...
by StOmer
October 18th, 2018, 1:29 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

Aminatidi wrote:I find it fascinating that if you go 50/50 between PNL and 100% equities you end up with near enough a 75/25 mix. Possibly a good combination of attack/defence.

I believe they have previoulsy mentioned that such a mix with perhaps Scottish Mortgage would be a good balance.
by StOmer
October 18th, 2018, 12:26 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 61
Views: 3996

Re: Personal Assets v Capital Gearing v RICA?

One good thing about Personal Assets are its Quarterly Reports, particularly the older ones. The later ones tend to argue more about why its poor performance is okay, but the older ones are very instructive. https://patplc.co.uk/literature/quarterly-reports
by StOmer
October 4th, 2018, 8:48 am
Forum: Investment Trusts and Unit Trusts
Topic: new city energy
Replies: 3
Views: 702

Re: new city energy

I can't remember exactly but when Govett Oriental closed, it was probably a 6 to 12 months before pay-out. After that, it was some 12 months later that we received a letter from the Bank of America in NY (I think) concerning overpayment.
by StOmer
September 22nd, 2018, 9:00 am
Forum: Investment Trusts and Unit Trusts
Topic: IT charges
Replies: 16
Views: 1133

Re: IT charges

Charges will impact on performance and are just one factor that may be considered when looking for an investment. It appears to me that some investors may put too much emphasis on those charges and allow it to unduly influence their portfolio.
by StOmer
September 18th, 2018, 6:38 pm
Forum: Investment Trusts and Unit Trusts
Topic: Having a crack at an Investment Trust Portfolio to live on in old age
Replies: 39
Views: 3215

Re: Having a crack at an Investment Trust Portfolio to live on in old age

Both of those are in the Asia Pacific - Excluding Japan sector according to the AIC. Is the OP referring to Morningstar Categories which differ from the Industry?
by StOmer
September 18th, 2018, 4:05 pm
Forum: Investment Trusts and Unit Trusts
Topic: Having a crack at an Investment Trust Portfolio to live on in old age
Replies: 39
Views: 3215

Re: Having a crack at an Investment Trust Portfolio to live on in old age

RIT is a funny one - I like it but no idea why. For that reason alone I think dropping it is a good idea. My wife holds RIT which both serves to dampen portfolio performance whilst adding a different element. I would like to add some to my own portfolio but the current premium is too high, we last ...

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