valeite
03 May 2018
Baillie Gifford know their game SMT /MNKS and what about Edinburgh w/w all from the BG stable all well managed .as regards the possible stock market crash....I've seen ab 3 of the last 10 that were forecast ! buy the best you can and hope for some good luck along the way
Charityman
03 May 2018
Re: Monks or SMT? DazurtraderAdvice noted, many thanks
dazurtrader
03 May 2018
Re: Monks or SMT? Charityman - The last 4 weeks has seen a revival in USA tech shares hence SMT up. I am currently seeing that Tesla shares have dropped 5% in after hours trading on Wall Street due to a Musk interview unsettling investors. The idea behind holding both MNKS and SMT is that SMT will do well when tech stocks soar, but MNKS will be better for the coming crash. If you don't think that a crash is likely then just hold SMT.
Charityman
03 May 2018
Re: Monks or SMT? I bought a few SMT on 9/4 and of MNKS on 16/4.SMT are 3.7% up this morning and MNKS are 3% down.
jsan22
02 May 2018
Re: Monks or SMT? agreed, and did you see the iii article this week advising people to do the reverse - sell Monks and buy SMT in case the market falls - there's a lot of BS being pushed around by "advisors"
dazurtrader
02 May 2018
Re: Monks or SMT? SMT has a much greater exposure to tech stocks like Tesla and Alphabet. This January I sold half of my SMT holding and invested that in Monks. Both are great Trusts, but when the crash comes SMT will dive furthest.
jsan22
01 May 2018
Re: Monks or SMT? belated thank-you for your comment. I wasn't aware that BG ran a UT equivalent of both these funds - just had a look on their website. FWIW I invested a bit in MONKS in the end and not in SMT.Just looking at SMT's top 10 holdings makes me nervous.
II Editor
01 May 2018
NEW ARTICLE: Sell in May? Funds and trusts to consider dumping "It's the first day of May and seasoned investors might recall the old adage "Sell in May and go away, don't come back till St Leger Day". It advocates selling out of the stockmarket for the summer months and returning to the market in the ..."[link]
Global IT man
13 Jan 2018
Re: Monks or SMT? Brave to invest now after such a good run and when now trading at a premium.I sold some (too early!) at around £7 when the discount was heading towards zero. Be aware that if/when the correction comes the things that went up the most are likely to go down the most. I'm probably too cautious in my old age but I will be avoiding ITs until the discounts improve a bit. You could always buy a BG OEIC (cf Monks/SMT portfolios) so that you don't have to worry about the discount widening.
dazurtrader
13 Jan 2018
Re: Monks or SMT? I have held SMT for some years, but last week split that holding into two and put one half into Monks. This was based on the MoneyWeek view that SMT is exposed to any pull back in US major tech stocks. I see no evidence (I am a chartist) that either SMT or MNKS have peaked, but the long expected major market crash cannot be far away - perhaps 9-15 months hence IMO.
Charityman
12 Jan 2018
Re: Monks or SMT? Both Monks and SMT have been going up like a rocket for the last few months.I have added to SMT but wonder if I've missed the boat to add to Monks?Only a weak buy recommendation by me due to worries that it may peak soon (or has peaked) as it is down 1p today at 811/813 when the FTSE has topped a new high.Without that thought it would be a strong buy.Any comments?
II Editor
21 Sep 2017
NEW ARTICLE: Monks Investment Trust: Positioned for long-term growth "Launched in 1929, LSE:MNKS:Monks Investment Trust has been managed by Baillie Gifford for around 80 years, and previous manager Gerald Smith ran the portfolio for a decade.Since March 2015, however, the trust has been managed by the ..."[link]
jsan22
19 May 2017
Re: Monks or SMT? thanks for all your replies to this. My conclusion is to buy Monks with a bit of SMT on the side. But like others here, I don't feel comfortable buying anything at this moment in time (shares or bonds) , so for me it's going to be a long-term drip-feed.cheers allJ
Global IT man
12 May 2017
Re: Monks or SMT? SMT is more volatile; top holdings Amazon & Tesla. Both ITs currently trading on a premium, SMT higher. I continue to hold ATST & Monks due partly to cap gains liability. Re. other global ITs I would be looking at Caledonia which is at a standout discount in the current environment.
hanoiboy
12 May 2017
Re: Monks or SMT? I hold both and am pleased by the good rum. SMT undoubtedly helped by the elevation to the FTSE and Monks by the change of manager. Like valeite, I am now slightly concerned as both are trading at a slight premium to NAV and do not intend to increase holdings except perhaps by dividend reinvestment. I always bear in mind what James Goldsmith said about bandwagons when considering completely new investments..........
