Defensive funds - any suggestions

masonic

TheTracker wrote: »

Benjamin Graham suggested the never/always to be 25-75% not 25/50. And the residual 25-50 in bonds which to me is still "the market", rather than your cash. Perhaps there is an older adage, and you've said it before on this forum without attribution, but that's a very different proposition.

I must admit, 25-75% is one I've heard, never 25-50%. Perhaps they use that one at the orphanages or funeral parlours.

Ryan_Futuristics

Well anyone with 25-50 in bonds today has balls of steel in my estimation

TheTracker

masonic wrote: »

I must admit, 25-75% is one I've heard, never 25-50%. Perhaps they use that one at the orphanages or funeral parlours.

An interesting thing happens if you google RFs adage verbatim. Out pops a commenter on Monevator as the only real result, and a quick look through the comments of that individual has the themes of valuation, PE, anti bonds, decade downturns, imminent rate rise concern etc, uses HL, runs screens. A conspiracist would have a field day ruminating about a doppelgänger.

Ryan_Futuristics

TheTracker wrote: »

An interesting thing happens if you google RFs adage verbatim. Out pops a commenter on Monevator as the only real result, and a quick look through the comments of that individual has the themes of valuation, PE, anti bonds, decade downturns, imminent rate rise concern etc, uses HL, runs screens. A conspiracist would have a field day ruminating about a doppelgänger.

I think we need to get you a tinfoil hat for when I start posting

I found someone called SemiPassive on Monevator ... But I think we both know you're dreaming if you think I'd use a name like that

TheTracker

Exactly! To think someone could hold all your deep seated market concerns and also be a passive investor... It warmed me cockles it did.

Anyway back to Henny Penny.

Ryan_Futuristics

Hey, if I was content with 7% returns I'd stick all my money in FundingCircle (where you might actually get them!)

talexuser

Back to defensive funds, what do people think about Artemis Strategic Assets? I jumped in soon after launch because Littlewood consistently made me oodles of money from the 90s onwards when he ran Jupiter Income, (always beating Woodford) before I jumped out a while after he left. I kept Strategic for a few years but the big drop did not come, and his bearish pot of gold and hedges etc fell behind my other funds so transferred out last year or the year before.

Ryan_Futuristics

talexuser wrote: »

Back to defensive funds, what do people think about Artemis Strategic Assets? I jumped in soon after launch because Littlewood consistently made me oodles of money from the 90s onwards when he ran Jupiter Income, (always beating Woodford) before I jumped out a while after he left. I kept Strategic for a few years but the big drop did not come, and his bearish pot of gold and hedges etc fell behind my other funds so transferred out last year or the year before.

I've not been very impressed - it's not caught much upside in a few years, but still seems quite volatile ... I don't really like gold and commodities as hedges either

There are some very unhelpful restrictions on OEICs, with funds like this ... For a closed-ended equivalent I'd look at Henderson Diversified Income (HDIV)

It tends to catch all the upside of the equities market, but with lower volatility ... Its allocation to bonds is the only thing that unnerves me a little - there'll come a point where they'll have to offload those bonds, and it will come down to timing whether they get that right

TheTracker

Ryan_Futuristics wrote: »

Hey, if I was content with 7% returns I'd stick all my money in FundingCircle (where you might actually get them!)

Don't forget to uncheck AutoBid this time will you! :T

Ryan_Futuristics

TheTracker wrote: »

Don't forget to uncheck AutoBid this time will you! :T

My P2P lending style too passive for you?