Personal Assets Share Discussion Threads

[thamestrader] 31/3/2021 12:06

dipped my toe in with a massive 12 (yes, twelve) shares

[panshanger1] 02/6/2020 09:16

All time high

[panshanger1] 28/2/2020 18:01

Nice right up and tipped in I/C today Also trading at a small discount which is rare for this defensive trust

[jonwig] 19/6/2019 06:47

Summary of their strategy:

[topvest] 06/6/2019 13:25

Thanks for posting. Yes, it proves that they got it right in 2008, but then a tad wrong in 2009. Being 45% cash in Feb 2009 was a poor call. Feb and March 2009 was a once in a decade opportunity and they should have been more aggressive. Easy to say. When I look at my own portfolio, some of my equity buys in early 2009 (of investment trusts like Scottish Mortgage and Rights and Issues, were fantastic entry points.

[jonwig] 06/6/2019 11:31

Their results to 30/04/09:



An interesting table showing their exposure to gold and equities. Just looking at the table, they seem to have called it right. May 2009 was the bottom, wasn't it?

[backwoodsman] 06/6/2019 11:15

From memory I think they called the bottom in the summer of 2008, invested more in equities, and got burned so they went back to being full-time bearish.

[topvest] 06/6/2019 10:01

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.

[jonwig] 06/6/2019 08:02

FY results:



I was encouraged into this four years ago (and to sell Alliance Trust) - excellent advice!

[topvest] 04/6/2018 12:25

Yes, quite a change.

[jonwig] 04/6/2018 07:50

FY results include notice of some retirements at the top:



Continuity will be prioritised, though.

[elmfield] 24/6/2016 07:09

EI, you here still.

[jonwig] 24/6/2016 07:05

Citywire has some ITs for a "leave" vote - PNL, CMHY, PIN included.

[jonwig] 12/4/2016 07:25

Is US inflation rising? Some commentators think so, and think the FED really will be back on the rate hiking path soon.

PNL has over 20% of its assets in TIPS and UK Linkers, another 10% in bullion.

[elmfield] 29/2/2016 22:12

Maybe but they may be better at it than I!

[topvest] 29/2/2016 19:52

Same old doom and gloom from the fact sheet. Their newsletters are really depressing. I don't disagree with what they say, but not always convinced they buy when the time is really right....2009 was an obvious example.

[elmfield] 29/2/2016 13:37

NAV at all time high?

[badtime] 29/1/2016 20:15

Hmm...wish I had had the funds to add..just a few here and everything else is committed and going in the right direction...not been a bad start to the year :)

[badtime] 28/1/2016 18:42

Will add when funds permit

[elmfield] 28/1/2016 13:14

It is now!
Good place to park.

[essentialinvestor] 26/1/2016 15:17

NAV may be above 350 now.

[essentialinvestor] 26/1/2016 07:46

Gold looking very perky, PNL have 10% of the fund in gold bullion.

[essentialinvestor] 24/1/2016 15:39

If you could buy here at around 335 that looks like a decent entry
point, if PNL traded that low again.

Most of their equity exposure is US and Friday saw many hefty % gains.
PM, KO, MSFT, BATS and Nestle are among their top holdings- equity exposure is approx 43-44% of the fund.

[essentialinvestor] 22/1/2016 18:15

elmfield, judging by the amounts of shares bought by PNL directors
recently they are considerably richer!.

Interesting week for markets, the mining sector sell of this afternoon
may suggest this bounce is temporary, the fascinating aspect to markets
is that you never quite know and are constantly surprised, well that is the case with me.