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Good article but he admits his age of 62 is basically the reason why he won't invest into SMT. I don't blame him for avoiding a growth stock like SMT and sticking with more stable income stocks.
Ian Cowie has a very balanced view on SMT and it comes down to how long you are prepared to wait for capital growth as opposed to how much income you need to see flowing in. In other words it depends how old you are and thus how long you can afford to wait while the fund managers adjust to the new market cycle in which tech stocks seem to be firmly out of favour while seeing very little by way of dividend income from your holding. https://www.ii.co.uk/analysis-commentary/ian-cowie-why-i-cant-quite-bring-myself-buy-scottish-mortgage-ii515499
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.
Posted on another BB - link to an interview with James Anderson.
https://amp.theguardian.com/business/2021/may/13/fund-management-irretrievably-broken-james-anderson-outgoing-baillie-gifford-star-investor
@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?
Oldsid cheers mate, and good luck to you, I'm not here o deramp guys, was just giving my opinion
all the best to you all
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
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.
SMT has performed very well IMO ..pity if you buy at the top and sell at the bottom then blame the company.
1 month -10%
6 months +5%
12 months +55%
5 years +321%
Not a bad performance, if this averaged out at 10% per year I would be more than happy. Not to mention the small dividend...
Drip feed your purchases and try to ignore the volatility.
i think the viscount is done
smt is not for every one if you cannot bear losses than maybe best not to invest the share price has always moved up down a lot this trust is well placed for future growth!,
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.
I don't think you understand what you invested in. Best of luck though.
Highlander , definitely don't want to wait 5 years to see a profit, most people say how good something is when the price is rising not when its falling, find that a bit strange, doesn't look like the management is doing such a great job right now, not sure if anyone here agrees, probably not, but I will come back here and admit I was wrong , if it improves, is that fair ?
The returns on SMT are not measured in hrs, days, weeks, months or even a few years. 5 years yes. If you don't have the stomach for it and are more focused in the macro economics of the day, this isn't for you.
I agree, it looks like the momentum has turned.
This has been doing badly for a few months now, at a time when other shares are recovering and gaining ground, yet most of the holders here are still bragging it up , wish I had your confidence, past performance has been good , I can see that, but current performance is what matters now, maybe I'm the only one that's thinks that way here , but good luck to everyone, I do hope it improves, as its just lost money for me since I joined