The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Thanks LLoL, weirdly rather than feeling too hurt about losing out on some of todays gain I feel a little relieved to have turned those shares into Premium Bonds. Boring and likely to erode a little due to inflation there but it is safe and locked away. I still have a lot of SMT shares and I back the investment portfolio but as you say, if you are checkkng the share price on a sometimes hourly basis you are in too deep. I feel confident SMT will keep going strong. I really hope it does. I have learned to make sure your investment portfolio has diversification. I plan to use the money for private education for my son. I will need the money very regularly to hand in 5 years time. Hard to say where the SMT sp will be then. Best to bet on more than one horse and maybe have some locked away in cash too!
All this share needed was for me to sell some! Always the way! I sold half when I was just over break even. Feeling positive and comfortable now. I think I was over-invested before.
Well put LLOL, this has been the best day SMT has seen in a long while. I am finally back in profits! Once I am 10% I plan to sell half then hold the rest. I think having most of my eggs in this basket has been a bad call on my part. I will diversify with the half I sell but I am a big believer in SMTs portfolio so will keep the rest for at least 5 more years.
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
Yeah Strictly... hope so! I am hoping now that I have patiently held this long to get to my average I can see some profit before I sell half or so. I need the money ready for 5 years time so I want to lock at least half of it away safely.
StrictlyZinc what is a fake rally?
I was 3p a share away from breaking even this morning! Haha
Great day for SMT. Hopefully we see some confidence in SMT from investors again now
Ubik we are getting a great return given 6.5% of the portfolio is rocketting today. Be real. This is a great day
I wonder how much nvidia results coming out now (6.5% holding) will show confidence in SMT tomorrow...
SP and NAV gap widening once more. Like Β£1.50 difference!
I must say it is really satisfying seeing success in space exploration and having a tiny part of personal investment in such an exciting company is really amazing.
NAV hit 900p. SP hit 800p. Its finally starting to look positive on a consistent basis again.
Littened it used to be 5 years now its 10 years then it will be 15 years as long as it gets people to hold.
Thanks for the honourable mention. I am close to break even now. Within pence! I am not selling yet but will perhaps make an exit the next time it is in a decent profits I once enjoyed! I like you believe it will get there but really not sure if that is months, years or decades!
You literally put my name in the heading... but ok
I have been in for over 6 years. Have not sold any shares or made any knee jerk reactions! I am just stating my opinion... sorry if you dont like it.
Basically like a poor driver saying we will arrive at the destination "eventually" just don't criticise the manic driving!
Something positive for a change for someone named Weinstein! ππππ