Member Info for taffyman

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.

I have been a LTH over many years and have always been waiting for something to turn up. It most certainly has not! It is a dog. I will incur losses on it but just wonder what future there is with this.

What was wrong with 'Standard Life' ? The name was a respected brand .

Remember investibg is about Time not Timing if you are an ordinary Joe like us...

I have been investing here in a PIP since 1993. The price goue up and down like a yoyo. The price rises this last few years have been exceptional.
It is a long term investment. Clearly the retirement of JA may make a difference but I have confidence in the management. Where else to put some of your money?

Well I have a big investment in SMT made steadily over many years. I am still well in profit. I propose staying in as experience tells me that this investment is for the long haul. If you have faith in the present SMT management then stay with it but look at a five year horizon and your investment targets.

Yes a great investment. Over the years it was a steady but modest trust but it has taken off these last ten years.
In 1991 I started in FCIT and have put more into FCIT but that is only worth less than half of SMT. Still I am not complaining.
Why bother with purely British based shares when global trusts prosper like this.

I have been in their PIP since 1993 investing steadily. This is far and away the best investment I have ever made and all it has cost me is a monthly debit. Incredible.

Thanks for that. The fluctuations seen structured in that the stock just gets above 14 and then retreats. It looks like method in this. Perhaps GSK is a shorter favourite.

I am new to this stock having just bought in since last month. It has good reviews but seems to carry debt.
I am puzzled by the fluctuations in price. the SP occasionally rises above 14 but pulls back.
Any idea what is going on?

I have been in a PIP here since 1991. It has been a steady plodder for most of that time but has improved in recent years. Went into SMT PIP in 1993 which was also a plodder until a few years ago-look at it now.
Investment is all about time rather than timing.
At least with FCIT you can rest easy and forget and there is a lot to be said for that. It gives me decent divi now which is still reinvested.