II Editor
18 Oct 2017
NEW ARTICLE: Which safe haven assets are worth their weight in gold? "Stockmarkets in the developed world have been on a winning streak for more than 100 months - far longer than the average bull run of 64 months. The S&P 500 has risen nearly 350% in sterling terms, while the @GB:ASX:FTSE All-Share has climbed ..."[link]
marktime1231
26 May 2017
Re: Re- Protection Thanks (I did post a reply yesterday no doubt lost in the BH weekend post).I will track these two new suggestions along with my first three thoughts.
ChrisJSlip
25 May 2017
Re: Re- Protection good points. but i prefer Ruffer Total Return fund. Very similar holdings and no premium/discount issues.another 'protection' IT could be CGT IT also managed by PNL manager.CJS
marktime1231
24 May 2017
Re- Protection Well I have thought a whole day about this and decided to go with a 5-10% stake in RICA as my long-stop just in case the 'keeper misses one through his legs. But, not yet. I think they look a little expensive and at the top of a cycle right now. In the meantime I will hold as loose cash in case a bargain crops up eg one of EAT, BRCI, MYI, SMT or SMIF become cheap.RICA preferred to RCP (premium too high) or PNL (not liquid) because it hedges the event of a serious global market correction, and that is really the insurance I am looking for since I already have a big chunk in gold (miners).Yesterday's post on RCP:Reading into what are described as protection investments, designed to preserve capital when there is a downturn, discussions centre on RCP, PNL and RICA where Ruffer is making the news for hedging a crash.I already have good slices in bonds and proxy/debt trusts, gold (miners) and an international equity spread. My cash pile is now over 10% from realising gains. With a 3-5 year horizon I'm wondering should I hold the cash, re-invest in what look like value stocks, or feed into one or more of these protection trusts.They seem to be a valid option for preserving capital, income at 1-1.7% is a small net loss to RPI, and they trade at a premium (RCP is 6%, RICA is about 3%, PNL about 1%).
