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"The US House of Representatives has passed a bill that could lead to a nationwide ban on TikTok
It would require the Chinese tech giant ByteDance to sell its stake in the app within six months or face a ban from US app stores and web hosting platforms"
SMT would be top of the list if it was near it's high like the three above it on the list, SMT would be almost double it's present value.
SMT ain't all bad, if you take a long term view of investing...number 4 on the list is pretty impressive
https://www.theaic.co.uk/aic/news/press-releases/isa-millionaires-0
So I reckon it goes something like this. The more the NAV rises the more the cynics say it can’t last so the less attractive SMT seems from a risk perspective. Absolute nonsense but it’s surely driving the depressed price. Everyone waiting for a tech sell off so the expectation is a SMT cash is just around the corner.
The NAV is rising nicely, the share price is cheap at the moment.
I mean, does anyone know what percentage of SMT is SP500
As to US stocks worth noting that the pound is up 1.42% against the dollar since Wednesday (as I write this) and much of that was in the last 24 hours.
Does what know percentage of SMT is SP500?
I'm no expert, but I assume there are people making some decent money on the constant up and down swings with this trust..?
Could that be a factor it not being able to maintain much upward momentom..?
I don't know.. Just putting it out there..?
Down again on the back of a great day in US yesterday (post FTSE trading)
One can only guess as to the carnage here if NYSE ever falters and that’s more than a remote risk.
CaptainPicard - agreed.
However, I’d like SMT to publish monthly share VOLUME updates on all its holdings, which I think are only divulged periodically at the moment.
The problem with relying on percentages alone is that they often fluctuate wildly with shares like Nvidia. Simplistically, if a company SMT originally held 2% in rapidly triples in value, all other things being equal it would subsequently show as 6% of the fund’s total holdings.
This might lead you to conclude SMT had been extra canny, adding further volume to its winners. Whereas in reality, whilst the initial selection WAS canny, the fund hasn’t actually increased the share volume in that particular holding at all.
Not sure if I’ve expressed that very clearly (it’s late), but hopefully you get the gist!
SMT holds 6.5% of its portfolio in Nvidia and has experienced huge NAV gain... the fact SMT picked Nvidia years ago really gives more a strong confidence in SMTs picks
I bought some Nvidia and SMCI shares last week. Doing well. Weird how SMT holds a huge number of these shares and it has not been rewarded with confidence in its ability to constantly pick winners... conundrum as you say! Need to close this yawning discount at some point
Sentiment, sentiment..
The penny will drop, but primacy trumps recency (look it up if needed).
Nothing bad about SMT but the water needs to fill SMTs optimistic basin in order to outweigh it's pessimistic one.
The world is really very full of impressionable people I'm afraid...
Sorry typo
Do ITs get bought out? A nice US listing as part of a bugger fund would be tasty.
SMT continually missing out on the big rises in its holdings.. 🙄
Seems like there needs to be a massive change in sentiment for it break out and have some decent movement..
Absolute nonsense. Major holdings UP. ATT and PCT UP.
SMT ?? DOWN of course - has many naysayers and algos to boot.
Maybe Nasdaq and NYSE is going to free fall between now and close of play - I doubt it somehow .
I dont get SMT -the major holdings- well the public ones- have had a decent day yet the SP goes down.
That I would trust DorsetLSE. It's good to have an impartial ear to the ground to relate to.
Given that I rarely sell and only have 5 holdings (4 of which are ITs) in total which I am treating as a long term investment which I will ultimately draw down if needed to complement my pension, I'm not sure that would work for me but can see how it would be a useful subscription for a more dynamic investor.
I have a subscription to the FT premium online which is very good but expensive at over £560/year (including a 20% reduction for payment up front) you don't get the usual news stuff in there unless business related but it does give you a good background to what's going on in the world with good analysis from experts. After reading this for a while it makes other papers look simplistic.
I'm interested in other perspectives of the investment media? Does anyone find any of it useful or informative? Does any media outlook have a history of providing insightful info?
I guess we aren't talking Motley Fool here...
I take interest in world politics, news and economics but have been constantly dismayed by the advice of most of the financial media (beyond generally truthful news such as the FT). It's never done my investment strategy too much harm to go my own way and stay, but then I'm not often a buy/sell/buy type of person and I have always regretted it when I have done so. I put that game to bed a long time ago beyond shifting my perspectives slightly based upon my own s
observations.
Am I alone? I would be interested in perspectives.
Apologies for dual posting down to editing small mistakes. The latest post is correct.
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £80k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to discontinue this stance (especially now).
Sfh300 I say that with thanks for providing the link. On a positive basis I believe it at least points to the fact that these investments have better days in them just in the same way as they have just experienced bad. I always adhere to my mantra however of buying well and holding. Despite seeing myself lose around £70k down to SMT plunging since Nov 21 alone, I have never regretted holding it throughout and see no reason to continue this stance (especially now).