RE: Deepseek29 Jan 2025 18:33
“There are far worse financial decisions, and the very worst would be to sell up as many did only a few days ago. Absolute madness”
Walp, the decision to “stick or twist/sell” is vastly more nuanced than your post suggests. As LLOL correctly states, investors can have a multitude of reasons to sell.
For example, I myself sold the final tranche of my SMT holding about 10 days ago, having held for nearly 10 years; ironically and fortuitously just before the Deepseek issue.
I hadn’t lost confidence in SMT, just that I’m happy with my substantial profits and now need less volatility at this stage of my investment journey.
I don’t want a black swan event occurring when I want to drawdown from my SIPP, if I can avoid it. It’s all about risk management, depending upon the stage of your life and appetite to risk etc.
But for the above I would have remained invested, still consider SMT a great investment and sincerely hope it goes from strength to strength for you guys.