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You would need to be very very lucky to be invested in SMT and make a killing over a few months. This is a volatile investment. The fact its share price has rocketed recently is a surprise to just everyone. I was a PIP investor from 1993 until BG offloaded people like me onto other platforms. Most of those thirty years the SP has ambled along but took off after JA took over. Despite the recent price drop I have made a paper profit even now in six figures. Since the drop the paper valuation had dropped about 40k. I never thought of profits in these sums at all-it was luck. You may think it wise continue saving into this over the long term but do not put all your eggs in one basket. Every investment is a risk, it all depends on how much risk you can take.
@robleo - honestly just give it 6 months and I bet your SMT will have at least match your entry price. Give it 6 years and it should be at least 2x - and that's being conservative. SMT is restructuring at the moment to set itself up for the next market cycle. By investing in 2021 you have signed up to this. It will be a fun ride.
Having read the end of year report from SMT, I am encouraged and have subsequently increased my position. SMT is cash rich at the moment - having substantially reduced its TSLA holding and some other bubbly SV stock. SMT can now invest that into new ventures which should provide bumper returns 5 to 10 years from now. If you can't wait that long - then you shouldn't be in this game. Maybe try crypto?
Robleo you are in this like the rest of us to make money , I’m like you came in earlier this year and at the moment am loosing money, I like you will have to decide to carry on or not but would really like to get my original investment back. Everyone has got different circumstances but good luck whatever you decide no one can knock you for that.
DireEmblem Thanks for your very sensible reply, I invested in this stock, from seeing it's previous performance, up until the time I invested, of course I was disappointed finding out, it had reached its peak and was now on a downward slope, of course I know this happens, and other invested on here have suggested this could take some time to turn around, so i will have decide for myself, do I want to stay here long term, or would I be better off sticking to dividend stocks, no hurry to make that decision at the moment Thank you all for your opinions, and I will take it all onboard
Thats a very short term Robleo but at the end of the day, no one can predict the future.
Why did you invest in this stock in the first place - stellar history performance perhaps, recommendation, or do you perhaps believe in the strategy of the trust?
If your initial criteria to invest in this or any holding remain, then hold. If your investment view has changed, then consider selling. If you are selling, then perhaps you need to revisit why you picked this stock in the first place.
Good evening guys, and thank you for your reply's, you all talk about past performance, and I get that, but the last few months since I invested here, its been poor performance, and its the current and future performance is all that matters to me, you also talk of this being a great long term investment min 5 years, and I understand that also, and wish you all the best of luck, is this the right investment for me? I think possibly not, as I'm not sure that's what I'm looking for, but will possibly give it a chance for a while and see how it goes, this is only 5% of my portfolio , the rest is 25% in various funds with Hargreaves, 25% in Lloyds and the rest in high dividend shares Best of luck to you all, and for me I think I will have to consider, if I want to be in this for the long hall
Yep totally agree , I didn’t think when I bought that we would have to endure every American sneeze, like yesterday talking about inflation in end 2022/23 I did think that when I did eventually get to profit I would sell up but reading today and listening to stalwarts on here I think I might eventually hold and see what comes . And yes I can see totally agree with everyone’s comments on here everyone is entitled to think and post what they think .
It is down over 30% over the last 3 months. This is the worst ever 3 monthly performance so it is understandable why some are concerned. Personally it is only a small part of my portfolio so I am not overly concerned, you can't pick winners all the time.
Trusts should be taken over a 3 to 5 year cycle. SMT is now at the start of its next cycle they correctly reduced the trusts exposure to Tesla and it seems to be a better balanced trust over sectors than the beginning of the year.
You are absolutely correct Highlander. Anyone investing in this trust to make a quick buck is going to end up falling flat on their face. There is every chance that the next few years may be pretty rough on growth and startup companies especially if interest rates really begin to rise, which is not good for companies that still need to raise money. As I mentioned before, this is a forever holding for me and I will be buying more in the event of any further weakness. It is absolutely paramount that anyone investing here does so not only with money they can afford to lose, but more importantly with a very long term view - i.e they believe in the companies in the portfolio and want to see them grow over a long lifespan of which there will inevitably be peaks and troughs. I honestly think this trust is one of the best ways to have exposure to some of the brightest and most promising growth and startup companies in the world rather than investing in individual companies of that mould which is very risky. I really hope Slater and Anderson's successor stick to their guns regarding their holdings especially during any difficult times. Their strategy should never be compromised.
reminds me a bit of an investment I made with hsbc about 10 years ago, you put in a lump sum for 5 years, and I got double my money back, so impressed with my return, I put my original investment back in for another 5 years, only this time it didn't make a penny, luckily you was guaranteed to get your original investment back, definitely don't want to wait 5 or 10 years to make a profit, sorry guys I know you have done well here the last few years, but since I came here a few months ago , its been very disappointing
You do know that you have invested in a Trust whose Fund Managers pick long term, high growth companies that can take 5 to 10 years to mature?I'm not making that up that's Anderson and Slaters USP.....for what's it worth I agree returns will grow again sooner than 5 years but as a sensible investor you should understand what your investing in....from both comments, neither of you do.
I have to agree Robleo, if Highlander wants to wait 5 years that's up to him/her. For most investors waiting 5 years is way to long. However SMT seems to me to be a well managed trust and I have no doubt it will come good again in a LOT less time than is suggested above.