Member Info for Highlander8219

Helpful, thanks

Thought I'd start a list of the unquoted companies that I know SMT have holdings in, may be of benefit for newer investors and it can be difficult information to get a hold of, feel free to add.SpaceX: Space exploration and rocket technologyGo Puff: Basic foodstuff delivery serviceNorthvolt: Batteries for electric vehiclesBytedance: Chinese company behind Tik TokAnt Group: Entertainment/Software multi faceted Chinese tech company, spun off from TencentLillium: Electric vertical take off planesStripe: Online paymentsIf any have IPOd already, comment away and add others that your aware of. Off the top of my head.

If you can retire on equity investments alone, please tell me the secret!!

Who care were the SP is at 5pm today, I care about 5pm in 5 years, when I retire!!

100% correct.

Far worse drops here last February into March. Q1 is traditionally when rebalancing of portfolios happen. Look at the chart and see the rise to ATH in the months after it plummeted. Nothing has changed here, look at the companies in top ten and decide for yourself if you think they will return healthy profits and beyond that look at unlisted vehicles that SMT have holdings in that are still to go public, Northvolt etc. If you don't have confidence in the fundamentals of the fund and can't stomach volatility over long term growth, this isn't for you

From my perspective all of the funds you list were coming off far lower benchmarks than SMT was in 2020. Prudent investors will have top sliced at highs in 1500s and 10% is still a more than respectable return.
For what it's worth I think that 2022 will see similar returns to say 2016 levels, which I'll be more than happy with.

Tend to agree that interest rates will not be raised to levels near to effect growth Trusts like SMT. Global economy is far too fragile to risk killing off growth, which was decreasing before the pandemic. Bankers and the Fed will talk the talk about tapering and turing of the taps but they only know one way, to keep printing money and keep rates low. On inflation, its out there but it'd localised to energy prices mainly, most other coast increases are pretty much all Covid related supply chain issues.

I've a similar view on the advance in technology. How to conflate that with growing your wealth through equties is extremely challenging with the key quality to have, an open mind. The older you get it becomes harder to comprehend the changes that are going on around you. No matter how hard you try, you become disconnected with the generations behind you. Fortunately I've got kids who keep me up to date, if I like it or not!!

Cardinal,
I like the pragmatic, unorthodox approach of Ruffer and its definitely more defensive than SMT.
Interestingly, it won't have escaped your notice that SMT now have holdings in two Crypto linked companies, one directly and the other more Blockchain focused. That should maybe give us an idea of direction of travel of this theme.
Sorry last word as it's a bit of topic.

Seems to be clear divide here on opinions Re the deal. Which is fine!
Looks to me like traders frustrated with potential lag on the re rate for quick wins. Against, holders who now see the value of the company finally being unlocked.
For what it's worth I think it's an excellent deal. It's all about confidence in markets, particularly mining and commodities. When they see big institutions buying in and majors involved in long term offtakes, that cannot be underestimated.
Enjoy and relax, we all got in early to enjoy the ride, maybe traders should just do the same.

Similar position Cardinal, I've been looking to rebalance. I have considered Ruffer.

Only if you've seen it before. More the point, it gives people, maybe like yourself, an insight into the long term aims and direction of the trust.

https://www.electrive.com/2021/07/25/northvolt-considers-hitting-the-stock-market/

I took robelo at face value initially, benefit of the doubt. Now I'm pretty sure he's a wind up merchant.

I've not lost it, I merely gave my opinion, as you say,right or wrong. Let's leave it at that.

I'm totally fine with any rationale discussion about SMT. I've been invested for over 15 years and to be honest, I've seen it all before.

Sell at the top
Inflation will destroy it
Weakness in the SP, buy the dip
Holdings are overvalued
Over exposure to China
Tesla is going to collapse
Anderson leaving will be the end

If I'd sold up or reduced my holdings in a reaction to any of these, I wouldn't have done as well as I have. People are always going to carp from the sidelines and critisise, you tend to find none of them have been committed shareholders over the years or totally misunderstand the rationale of this fund.

Do people expect??? Querying the managers of SMT that maybe they should have reduced exposure to Moderna on the basis that its topped and drop over a few days!!??
I pay the charges, which as you know are far less than comparable, less profitable Trusts, so that the experts, yes the experts, they have earned that status with the performance of the fund, to make these decisions.
It's good to question and keep on top of things but there is levels!!

I'm not having a go, but who cares if the price drops tomorrow!! Daily analysis of this SP will do you no favours, annual or bi annual maybe, every 5 years, for sure.
Outstanding performance.

Riding another Tesla wave by the looks of it. Tesla has an incredible market cap of over 1 trillion. Nobody dares to short it anymore and with full self drive and robo taxis coming, who's to say it won't get to 2 trillion.