Monday, May 10, 2021

And in to Ruffer

 

I invested most of the remaining cash in the SMSF into Ruffer Investment Company. This is a closed end fund trading on the London Stock Exchange. It is a diversified fund invested 40% in stocks, 40% in bonds – mostly inflation indexed – and the remainder in gold, options etc. They are betting on inflation. It has done very well during market crises. The fund:  "has a simple aim – consistent positive returns, regardless of how the financial markets perform. We try not to lose money in any 12 month period, and to grow the value of our investors’ wealth over the long haul. If we can do this, we should outpace inflation, protecting and increasing the real value of our investors’ income and capital."

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