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So what's going to come first guys, 1400 or 1500, it's not been good lately
long term its just great
What an odd thing to post Robleo. Are you invested in SMT? Looking at the chart this Trust just keeps going up.
I took robelo at face value initially, benefit of the doubt. Now I'm pretty sure he's a wind up merchant.
surfie and high, yes i am invested here and its not a wind up, i was simply implying , do you think it will drop back as low as 1400 before getting back to 1500, get a grip guys and stop being so touchy, a bit out of order i think
robleo - let's face it, nobody knows where SMT's share price is heading (or any other share for that matter). But one thing I find really instructive is to look at the long term discount/premium chart. You can view it for the past 10 years at Hargreaves Lansdown amongst others. It shows that at its current price, SMT isn't far off an all time premium high. There could be all sorts of reasons for this. But it tells me, above all, to be cautious for now. Which is why I sold a small part of my holding as the price climbed above £15. I also did this when the price briefly exceded £14 back in Feb, buying back in at just below £12, again just below £11 and one final time just below £10. Yes, the price has briefly dropped below £10 this year - though it rallied to close just above this level on 5 March.
Lordloads, well done for pulling that off, can be very difficult, trying to time the markets like that, need a bit of luck on your side as well, think I will just hold on and ride the waves, as I've not been invested here as long as you, and it seems to be doing ok for me right now, but best of luck with it
robleo - thanks! I should add I'm not always that good at timing my buys & sells and have made my fair share of mistakes over the years. But I'd certainly encourage current & potential SMT investors to take a good look at the premium/discount chart. It may not be perfect. But it does at least give SOME indication of when might be a decent time to increase/reduce your holding slightly. Right now - given the historically high premium - I'd be very wary of adding.
Lordloads, thanks for that tip, it's something i will consider, when i have built up my holdings here a bit more
robleo - You're welcome. I'd say it's actually worth considering AS you build your holdings, not just when you have. That way you might stand a slightly better chance of not buying near the peaks (or in due course selling in the troughs)
Lordloads, thanks for that, where do i find the premium/discount chart
Cheers
Various sources for a premium/discount chart. Here’s a free one:-
https://www.hl.co.uk/shares/shares-search-results/s/scottish-mortgage-it-plc-ordinary-shares-5p/share-charts
Thanks bailey, I'm with hl, was just wondering if he had a specific one, he was referring to
Cheers
robleo - no, they're all the same chart, showing the fund's premium / discount to net asset value. You can go back 10 years or more, giving a good feel for long term trends. When a fund then significantly deviates from this trend, it can be a good time to ask yourself "should I be topping up / divesting a bit?"
Lordloads, thanks for sharing that information snd tips, will do some monitoring on that, and see how it works out
Best of luck
All of BGs daily NAVs are listed on their site.
https://www.bailliegifford.com/en/uk/individual-investors/prices/
That's an interesting link phixion, thanks, and for those of you invested early 2020, you jammy devils , hope it happens again
A great deal of short-term worrying from the newer investers. I totally understand but this pretty much doubles every 5 years so dont sweat the day to day. Regular monthly investment will, over time, be the best thing you have ever done. I started in 2017 and I am very pleased. I pay in monthly and top up rarely if I have spare money and feel the shares are cheap (discounted compared to NAV). I wish I bought more when they were £4 a share!
I am not sure if all of the contributors here have fully grasped the notion of 'buy and hold.' The people at BG are clearly very smart, but they repeatedly state that they have no clue as to short term share movements. Who does? In the next month SMT will probably go up and down, but over a five year period it is likely to go up. SMT managers buy stocks that have the potential to grow significantly and every so often they get an Amazon or Tesla that knocks the lights out. Day traders should avoid this share - and hopefully this forum.
I invested each month for two grandsons for ten years till 4 years ago (they are now early teens) outside the CTF which were maxed out. They are now very well off, relatively speaking, but I will need to steadily take care of their CGT allowances and sell enough slowly over time to avoid them having a tax issue. SMT are over 40% of their portfolios so they do need to rebalance. Nice problem to have but a headache too! I cant decide what to do with the cash they will get and am thinking of it sitting on the sidelines a while.
Similar position Cardinal, I've been looking to rebalance. I have considered Ruffer.
BusPassGuru - I, for one, still have a significant portion of my total wealth tied up in SMT. But that doesn't mean I won't trade a small fraction of it, when I feel the discount/premium to NAV is excessive. Over time, usually retain a similar value overall - divesting a bit when the premium looks frothy, then topping up again once it reverts nearer to the long term average. I don't regard this as day trading. Just judicious financial management. Whilst I don't always get it right, so far it has paid off overall. Particularly over the past 12 months or so, selling a portion above £14.00, then buying back in just a few months later at prices between <£10 + <£12. I did the same recently, selling a bit when the price moved above £15 (and the premium again looked abnormally large). I haven't bought back in yet, as I think markets are generally still looking a bit toppy. But if we drop to <£13, I will.
Remember, it's never a profit (or loss) until you sell! Might look great, sitting on huge % gains. But look what happened to investors who thought that just before the dotcom crash.
Remember, it's never a profit (or loss) until you sell! Might look great, sitting on huge % gains. But look what happened to investors who thought that just before the dotcom crash. So if, over time, you can recoup your original stake (letting the rest ride) by monitoring long term discount/premium trends & acting accordingly, why on earth wouldn't you?
Hi Highlander.
I want to diversify for grandsons but Ruffer bought and sold Bitcoin which doesn't to me feel like a sensible 'investment' though it was the reason they had their best performance in 10 yrs. Diversifying sensibly from SMT is the issue at hand. I don't think LSE has a page for such chats which would be useful, and not clog up boards like this.