Member Info for thefrogster

I agree with everything you say here Tambo but people have had these freedoms since 2015. This was the reason I said ticking time bomb in my previous post as the implications have not yet filtered through to everyone.

I agree LLoL – the pension freedoms legislation of 2015 has given people the ability to manage their own pension funds so why should this be any different for public sector workers? It might still be a ticking time bomb though as more and more people become reliant on the state because they have burned through their pension funds too early.

Yes LLoL, I picked up on that too - almost as if they are moving the goalposts a bit :) Almost everything I read about the trust these days is positive though with the general expectation of globally falling interest rates over the coming years naturally benefitting growth stocks.

Interesting Trustnet article:

https://www.trustnet.com/news/13403996/when-scottish-mortgage-will-flourish-and-struggle

Yup, keep your Pecker up :)

Not exactly Captain - volatility is inherent with SMT, it's laid out in all the risk disclaimers and if this isn't for someone, they shouldn't invest. Much the same as you might not like to get in a car with the manic driver.

Nice work!

Tambo - my understanding is that directors can purchase on the open market (outwith any closed periods) as long as they don't have any price sensitive info, before it is made public.

Tambo - I'm all for complaining when it's justified but I can't understand the logic of your chosen timeframes when much of the market has faced the same issues as SMT. I feel for those who are forced to sell any investment at a loss but, given time, I still have every faith in SMT.

Tambo - I think you're being unjustly harsh on the team at SMT. Would you be saying the same things if the fund was flying high? I agree that neither of them came across well during the November '23 interview but that doesn't mean they don't know what they or doing or have no strategy. As has been said countless times here, growth stocks have suffered recently and other well respected funds and ITs have also lost ground. This trust will shine again - I have every faith and more inclined to buy more than to sell.

Perfectly put LLOL

I thought The Mandalorian was a Star Wars film :)

My thoughts exactly LLOL - just look at the rewards from Tesla and Amazon, for example. As you say, this fund is all about long term early stage investment and, personally, I don't see that level ever changing.

Andy, all you're doing there is crystallizing a loss and there are no guarantees that your 'pack leader' is going to continue to outperform. Chasing winners can be difficult.

Do what's right for you Captain and don't be swayed either way by what you read here as everyone has their own opinion. For what it's worth, unless I was forced to sell for financial reasons, I wouldn't be doing so just now. However, if my risk tolerance had suddenly dropped and the thought of further volatility was affecting me, I'd be off like a shot. Each to their own and good luck whatever you decide.

No 'one size fits all' Captain - if you think you will need access to the funds then take the lot and stick it in the bank. There is no right or wrong answer here as what is right for you may not be right for the next person.

Yes MrA, it's a very good thing - assuming interest rates on average are above 3% until 2036. Fixed rate borrowing is always a gamble though but for the sums they are talking about, it makes perfect sense to do what they've done. Maybe a bit of luck in there as well as no one could really have predicted with any accuracy the extent of the recent interest rate rises.

Hi MrA, I felt that it was like most of the other webinars I've seen over the years. I agree that TS does come across well - not so keen on LB though. I didn't feel that I gained any more knowledge on the portfolio or strategy and the message I received was it's 'business as usual and we ain't changing a thing'. To be honest, I'm not too interested in the granular details of each company within the portfolio and trust them to make adjustments/purchases/sales where necessary. I'm not concerned about the future of SMT but after another chunky buy earlier in the year (when I wrongly thought it had bottomed out), I won't be making any more purchases in the near future as I feel I've got enough exposure to SMT at the moment.

Yes MrA, do you need the link or have you already got it?

Here is the link to the video LLL:

https://www.bailliegifford.com/en/uk/individual-investors/insights/ic-video/2023-q4-how-do-we-value-private-companies-10031608/?utm_campaign=private-companies-email-3-3-1023&utm_medium=email&utm_source=marketo-individuals&utm_content=valuation-video-cta&mkt_tok=MTM4LVhJSi04NjcAAAGOwvNvtKlTZmWs7264Zq6Ty7J-jOaweevdmKXClGIYtublGS6LS5WdIKpAgKfVD3Tu5VxxFI12-y5OA_zuDQM32oENdoPz-gLH-tEnvmwY