Jonathan Davis, editor of the Investment Trusts Handbook, is joined in this week’s edition of the Money Makers Weekly Investment Trust podcast by Sebastian Lyon, manager of the Personal Assets Trust (PNL), and CEO of Troy Asset Management. During their discussion, Jonathan and Sebastian remember the former director of Personal Assets Trust, Robin Angus, who sadly died earlier this year, and they talk about the anthology of his quarterly summaries that have been released as a book, A Shared Journey. This book is available for free as a PDF download.
You can listen to this week’s podcast in full on the audio players below. Alternatively, you can subscribe and download it on most podcast channels including Soundcloud, Apple, Spotify, Stitcher and others.
If you enjoy the weekly podcast, you may also find value in joining The Money Makers Circle. This is a membership scheme that offers subscribers an opportunity to receive additional premium content, including interviews, investment trust performance data, market/portfolio reviews and regular extracts from the editor’s notebook. A subscription costs £8 a month, or a modest £2 a week.
Closing a terrible year for investors
00:24 – Introducing Sebastian Lyon
01:51 – The year in historical context
04:53 – Has the investment game changed?
08:32 – Locking in a loss of wealth
10:23 – Looking at the stock market
14:34 – The problems faced by central banks
17:38 – Could we return to a Goldilocks scenario?
21:27 – Personal Assets Trust (PNL) and other funds
23:50 – Would PNL invest in commodities?
28:58 – Index linked potential
33:51 – Equity exposure
38:18 – Quality stocks
40:24 – Would PNL look at property?
42:24 – The sell-off of the dollar
46:03 – Remembering Robin Angus
53:59 – Close
About Money Makers
We are an independent research and publishing venture committed to providing high-quality investment information and resources. You can sign up below to be notified about the latest podcasts by email as soon as they become available. Please note that the podcasts should not be regarded as personal financial advice, but are provided for information and background only. We are very grateful for your continued support and the enthusiastic response to our nearly 140 podcasts in the more than two years since launch.
Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.