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Ruffer, bitcoin gain
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- Lemon Quarter
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Ruffer, bitcoin gain
Thinking of adding a defensive holding. Noticed Ruffer outperformed CGT and PNL year to date. Is that solely down to their Bitcoin speculative gain, fortunate timing, earlier this year or are there other factors. Thanks
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- Lemon Slice
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Re: Ruffer, bitcoin gain
Adamski wrote:Thinking of adding a defensive holding. Noticed Ruffer outperformed CGT and PNL year to date. Is that solely down to their Bitcoin speculative gain, fortunate timing, earlier this year or are there other factors. Thanks
If you look at the last 6 months, rather than YTD, it has underperformed (+ 0.7%) both CGT (+ 6.6%) and PNL (+ 7.4%). RICA sold their Bitcoin in early June, since when their price has gone down while the others have plodded upwards. Whether or not the crypto trading has been a major influence, personally I would look to the others (my choice would be CGT) for a truly defensive holding. Looking at RICA's long-term historical performance, it has been far more volatile.
Just my humble opinion, of course...
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- Lemon Quarter
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Re: Ruffer, bitcoin gain
CryptoPlankton wrote: personally I would look to the others (my choice would be CGT) for a truly defensive holding. Looking at RICA's long-term historical performance, it has been far more volatile...
Thanks Crypto, was the info I needed, and agree CGT looks good, and held that before.
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- Lemon Slice
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Re: Ruffer, bitcoin gain
Adamski wrote:CryptoPlankton wrote: personally I would look to the others (my choice would be CGT) for a truly defensive holding. Looking at RICA's long-term historical performance, it has been far more volatile...
Thanks Crypto, was the info I needed, and agree CGT looks good, and held that before.
Small point with RICA but look at the NAV v the share price.
I know share price is obviously what you buy or sell at but the NAV is less lumpy.
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