RE: Rollercoaster on descent2 Oct 2023 17:03
Oogle
I totally agree with you re BG trusts, they rode the wave but surf for them is no longer up, so they're beached, but I do think you are rather harsh om MRCH which, after all, has a totally different remit to BG whilst on the crest of the wave.
Merchants has always done what it says on the can, it invests mainly in the UK to give an above average yield (which it has for many years) and to protect capital, which over the last 10 years it has certainly done.
Horses for courses, I am in MRCH and happy to be so, their yield compounded has certainly beaten cash over this QE period which was so favourable for the BG surfers, but as Buffet said, when the tide goes out you see who is not wearing bathing costumes...