The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Good result from NVDA this will help SMT, it's coming good.
Would be nice to break through the last recent high
Some big up moves today from some of SMT top ten stocks
SMT has received a lot of criticism about it's private equity holdings, but I think some of these companies will provide the future growth for SMT
SMT management say they aim to offer value over a five year period, if you bought at the last high it's not even been two years, so more patience is needed. If you had bought SMT at the height of the dot com bubble, when all the experts and pundits would have been advising you to buy, you would have needed to wait six years for SMT to make a new high and to be in profit, that's the longest time frame I'm aware of, it's normally less. At the moment your buying at a low point, it could go lower, but in general prices of everything go up, including stock prices.
A wise wealthy man once said, "the stock market is a device for transferring money from the impatient to the patient". (The sage of Omaha). It's difficult to stay positive during times like these, but when SMT makes a new high you will be glad that you are a shareholder today.
A bit of positivity.
SMT held up well today on high volume, very positive.
Analyst's can be very hit and miss, a quick look on Marketbeat at Tesla Analyst's ratings shows a recent price target of $125 and even a $33.3 target from another Analyst, on the other hand there's a $350 target, it's the same with Moderna, the experts all have different opinions, the experts at SMT have a good track record of catching a few high flyers, it's not easy.
Interesting Trustnet article today saying only 7% of investment trusts have outperformed the American indexes over the past decade, and SMT is one of them.
Stock prices fluctuate, they get pulled around by external events, it's all normal stuff.
Would be nice to see 800 during August, the NAV is rising nicely.
A Couple more Buy SMT articles on motley Fool and Google finance, all good.
ARK seems to be more actively managed than SMT
I remember on a skiing holiday in January 1988 there was a group of day traders staying in the hotel, they worked for Credit Suisse in London, they said they had to make an average of £1200 a day, I remember them saying, they even managed to achieve this over the previous year which included the black Monday crash of 1987.
Discount is narrowing
Over the years I've met a few company owners who in some ways came across as quite bonkers, yet they ran successful businesses, their personalities go to extremes, Elon musk is one of the most successful business men in the world, yet I remember his first day at Twitter he walked in carrying a sink.
The negative news articles from the pundits about SMT seem to have dried up, recently they have become much more positive, and the share price has been tentatively climbing.
I think SMT has held up quite well considering the sell off on the Nasdaq yesterday.
Nice positive article about SMT on citywire website, well worth a look.