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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Personal Assets Trust Plc | PNL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.50 | -0.10% | 483.50 | 16:35:10 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 481.50 | 481.50 | 484.50 | 483.50 | 484.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 06/6/2019 10:01 by topvest Yes, a very good trust indeed. I'm 25% cash, but they are 65% or so. Maybe a good strategy is to be c50% their strategy, as I do think they have been overly cautious at times. I must admit to getting a bit depressed at their never ending doom and gloom, but I'm sure they will be proved correct in the end!I totally agree with them that we are currently peak cycle and so investors need to be very cautious. I'm continuing to clean-up my portfolio, so its as well positioned as possible, without going anywhere near as far as Personal Assets trust (who have missed out on 10 years of return). Correct me if I'm wrong, but I don't think Personal Assets Trust were a big equity investor in 2008/09, so sometimes i'm concerned as to whether they are just way too cautious. |
Posted at 11/3/2015 14:37 by jimbo55 Good luck with your purchase EssentialInvestor. I don't know what percentage of your net worth that is, but now you've put that out there, I'm not surprised you've been asking the questions you have..Edit: If you're investing what I consider to be serious money into the markets - no matter into how conservatively run the vehicle - you may get something out of the following subscription based online tv channel: hxxps://realvisiontv I've found it invaluable, although I've been a reader of one of the founder's online publications for a while. There's a demo page where they offer a selection of free interviews, so you can figure out if the service is for you. I've only come across Raoul Pal since I subscribed, but I've developed a growing respect for him and his macro views over the last 12 months. |
Posted at 06/3/2015 13:45 by jimbo55 To try to not skirt around it, it's good enough for me given where they've invested and their reasons for doing so. Sebastian Lyon has made comments on a number of occasions about waiting for the volatility they need to get them the prices they desire to deploy capital into what they consider to be good value investments. Given the death of volatility over the last few years due to the combined actions of central banks (and its gradual return due to growing divergence in the policies of different central banks - namely the FED but recently the SNB), I'd anticipate a bout of extreme volatility in the not so distant future that will scare the pants off retail investors who've only been in the market since 2012/2013. This trust will then get the opportunity they've been so patiently waiting for.I don't blame them for not having a crystal ball, being patient and sticking to their knitting. RCP (in which I also hold shares) were being slated for underperformance in 2013, yet look at them go now... |
Posted at 18/5/2013 03:09 by jimbo55 James93, this trust is overweight in Gold for a number of very good reasons; none of which have gone away. This rally is being driven by nothing other than QE money and fickle investor sentiment; analogous to a pack of lemmings running for the cliff edge. Would suggest you read the annual and interim reports, which do a good job of explaining in some detail the trusts positions and why it holds them. If you don't agree with their thinking and positioning, then why hold the trust? |
Posted at 04/7/2012 21:51 by cockneyponce JeffI would not get too carried away with this one. You cannot criticise the asset allocation as the results speak for themselves. However what makes me worry is the company that they keep. It would not be the first time that canny investors such as Robin Angus in Old Reeky have been ripped off when they play with the big boys. Remember Edinburgh is very provincial is more Andy Stewart than Wall Street. My first worry is where is the gold at the minute? In times past the reports made mention of Seb Lyon using PHAU and the press reporting him taking physical delivery of his share. However the stuff that popped through the letter box the other day makes no mention of PHAU and just lists a "Gold" holding. Regardless as if PHAU actually has all the gold that it says it has, what really makes me worry is their relationship to JP Morgan as custodian. Have a read of the second last para on page 37 of the annual report. I wonder how confident Robin is of JPM with regard to their recent multi bullion losses and Blythe Master' s manipulation of the bullion market. If the gold is with JPM I would kiss your pension fund good bye or at least 12% of it. |
Posted at 17/12/2011 12:13 by plasybryn Personal Assets Trust: Great stock to hold in troubled times. Key objective is to protect investors wealth. Very long and distinguished history. Have a look at Capital Gearing Trust as well (CGT) |
Posted at 25/1/2009 12:12 by topvest An interesting set of "rules" from their 51st quarterly report from the late Ian Rushbrook: wise words!!PREPARING TO BE BULLISH In February 1991, when I worked with Hamish Buchan in the investment trust team at the stockbrokers County NatWest Woodmac, the market was gloomy. We were in the middle of the First Gulf War. There were tensions in what are now the Baltic States and it seemed that the USSR might explode into violence and chaos. The UK was sliding into a particularly nasty recession and there was little confidence in John Major's government. 'Black Wednesday' was still to come and Norman Lamont's famous 'green shoots' were a long way from sprouting. Surprisingly, however, in my Investment Trust Review of 1990 I found myself writing thus: 'The world is in a hell of a mess. We have never written a piece of trust research against so depressing a global background . . . Nor shall we pontificate(here, at least) about the state of the economy or the market . . . All we shall say is that cleverer people than we are seem to be making very gloomy noises. It will therefore surprise our clients if we say that this will be a cheerful Review with a clear message: START BUYING.' 2 How did I justify this? I did so by suggesting ten rules for common sense investors. 1. Markets go up when lots of people want to buy. 2. Markets go down when lots of people want to sell. 3. Markets also go down when few people actually want to sell, but nobody very much wants to buy, either. 4. It is unlikely that anyone buying OR selling knows much more about what's really going to happen in politics or the economy than you do. 5. It is therefore safe to back your own common sense judgements without fear, since common sense is an attribute which investors tend to forget they possess. 6. Always buy shares which offer intrinsically good value. 7. This means that you should usually buy on a yield basis. 8. Always buy too early. Market timing is unreliable as a technique. It will, of course, work well for you if you can manage to get it right more often than not. But you almost certainly won't. 9. Very clever people will tell you that there can be exceptions to these rules. When they are telling you this so insistently and so persuasively that you start to believe what they say, remember Rule 10. 10. There aren't. |
Posted at 26/10/2008 18:31 by trustman RIP Ian.....great investor,this should have been his time.investing in to the market fall.....then leveraging up in the capitulation period, as he showed the advantage of investment trusts over open ended funds.Worrying that he still held 25% cash at the time of his death! |
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