PNL & CGT. How Much to Invest In One Go Without Breaking System

george4064

JamesRobinson48 said:

In the case of PNL, and other investment trusts outside the FTSE 100, typically I opt to slice my intended transactions into several individual trades of not more than ~£10k each, and to execute each trade an hour or so apart. I flatter myself that, otherwise, a  sizeable transaction might prompt dealing spreads to widen or quoted prices to move against me.  Of course, I incur slightly higher dealing costs that way, and the exercise can be more time-consuming than doing the whole thing in one go.  Call it an abundance of caution.

Have you tried placing a market order with your broker?

You could leave a limit order to buy however many shares you want, good till cancelled/whenever.

That way, you might be able to pick up the shares at the same price and only one dealing commission. It will however take several hours to be filled.

Chris75

Thank you for the help - it has calrified my position & how i proceed.

Just to answer a query that was raised. I am aware that both funds have open ended equivalents but as I already own some Troy Trojan I wanted to spread any risk associated with the provider. As JamesRobinson says "an abundance of caution".

Reaper

I helped someone switch half a million into CGT (before the market fell, phew). Did it all online with no problems whatsoever. Of course if you are adding that much in cash to your portfolio first rather than simply switching then you may have to answer a few standard money laundering questions.

Shocking_Blue

aroominyork said:

Also, why investment trusts? Both these ITs have OEIC equaivalents and while CGT seems to have a slight edge over CG Absolute Return, there is no meaningful difference between PNL and Troy Trojan.

Know this post was a while back, but wouldn't be PNL be better as the current fees are quite a bit lower PNL 0.76% to Trojan 1.01%)?

Linton

Shocking_Blue said:

aroominyork said:

Also, why investment trusts? Both these ITs have OEIC equaivalents and while CGT seems to have a slight edge over CG Absolute Return, there is no meaningful difference between PNL and Troy Trojan.

Know this post was a while back, but wouldn't be PNL be better as the current fees are quite a bit lower PNL 0.76% to Trojan 1.01%)?

The difference in performance over 10 years is insignificant at about 0.2%, much less than a crude comparison of the fees would suggest. 

Ciprico

Is the stamp stamp duty applied to both variantsof the same fund...?

Albermarle

Ciprico said:

Is the stamp stamp duty applied to both variantsof the same fund...?

Stamp duty is only payable when buying the Investment Trust ( PNL) However over a long period the effect will be insignificant .

Shocking_Blue

...Just on the PNL thing, how can you tell if this (or any other IT) would be trading at a premium or discount? Does the P or D change frequently over the course of a day's trading, daily, weekly etc? Is there a good site that gives up-to-date info on this?

Thanks.

Albermarle

Shocking_Blue said:

...Just on the PNL thing, how can you tell if this (or any other IT) would be trading at a premium or discount? Does the P or D change frequently over the course of a day's trading, daily, weekly etc? Is there a good site that gives up-to-date info on this?

Thanks.

I usually just look at one of the investment platforms. HL also supply a graph of how the discount/premium has changed with time. You do not need to be a customer to see the info.

Personal Assets Trust plc Share Price (PNL) ORD GBP0.125 | PNL (hl.co.uk)

Shocking_Blue

Linton said:

Shocking_Blue said:

aroominyork said:

Also, why investment trusts? Both these ITs have OEIC equaivalents and while CGT seems to have a slight edge over CG Absolute Return, there is no meaningful difference between PNL and Troy Trojan.

Know this post was a while back, but wouldn't be PNL be better as the current fees are quite a bit lower PNL 0.76% to Trojan 1.01%)?

The difference in performance over 10 years is insignificant at about 0.2%, much less than a crude comparison of the fees would suggest. 

There also seems to be a 5% entry fee for the Trojan funds (?)