Charityman
12 Oct 2017
Re: Just a thought I agree with diversification but am rather more cautious than the "four or five" ITs proposed by The Dutchman.My portfolio is invested in a dozen or more investment trusts, some for income, other for capital growth, some UK focused and others global.They've done me adequately over quite a few years, not exiting but steady, whereas the few individual shares I've dipped my toe into have mainly lost me money, especially Lloyds and Centrica. My own fault for believing they were "too big to fail" and not putting stop-loss in place.
The Dutchman
12 Oct 2017
Re: Just a thought Others have commented on diversification, and I agree. However don't forget that an IT or a Fund is already diversified, albeit perhaps only within one type of asset /industry/geographic focus. So I would certainly diversify , but maybe 4 or 5 IT's or funds would be enough.As for me I'm still building up my holding in this one.
Charityman
12 Oct 2017
Re: Just a thought I agree wholeheartedly that diversification is essential.But, in any case, it's a good idea to have a limit sell or stop-loss alert in place in case there is a sudden fall.If the SP continues to perform well you can always lift your stop-loss arrangements accordingly.It's up to you to choose your risk acceptance but somewhere around 4 to 5% below current price might be appropriate.In the absence of visible negatives I'm still rating SMT as a strong buy.
Windlesham Don
11 Oct 2017
Re: Just a thought It certainly sounds like you may have too many eggs in one basket (which of course can pay off handsomely if you choose the correct basket!)Diversification is generally a sound financial plan, but there is also the question of your time horizon - if you are happy to ride out the possibility of a bumpy near term future then this fund has grown to be worth £6b for a reason, the managers are very good at selecting top quality companies.Good luck deciding where to invest.
Chip_Scashtin
11 Oct 2017
Re: Just a thought You've done well, but blimey, time to spread the risk a bit I would have thought.How about Merryn Somerest Webb's ariticle last week about the India Capital Growth Fund, if you like a bit of risk. She's also a Baillie Gifford Managed Fund fan (and even occasionally remembers to declare that she sits on one of their boards)The other place I have had amazingly good recommendations to all sorts of obscure funds is Charles Stanley Direct. You can choose your level of risk and it comes up with a list. I'm sure many others do the same thing, but many eg Hargreaves L, have higher charges, and I think funds have to offer HL a discount to get on their list.Use all recommendations as a starting point for your own research -- including this one!
leftback
11 Oct 2017
Re: Just a thought I have held SMT for several years but recently have sold a third. There are some good indications that after a three year out-performance, high performance funds can take a hit. I think that SMT managers are smart but I am concerned that their focus on the big US companies might finally backfire. I am also concerned that there could be some concerted government action to reign in or tax the large US global IT companies.
Buy and hold
11 Oct 2017
Just a thought I have put all my ISA allowance into this for several years, but I am getting rather nervous.James Anderson's comments seem rather similar to those made by people just before the dotcom crash: "this time it's different". I'm not sure Warren Buffett would agree.Any comments gratefully received.
Saigon Sally
04 Oct 2017
Re: Premium/Discount Thank you all for your advice.
holland44
03 Oct 2017
Re: Premium/Discount Hargreaves Landsdowne (hl.co.uk) has a useful chart on each trust's homepage showing how the discount/premium has changed over time. I find it useful to see how the current price fits in with the trust's recent history. For example if a trust is on a premium but normally jogs along at a 5-10% discount, I'd be concerned I'm overpaying, unless there are more fundamental reasons for the re-rating.
Stepenwolf
03 Oct 2017
Re: Premium/Discount Miss SaigonIf you click on this you get the iii information/factsheet - updated daily i think [link]
Windlesham Don
03 Oct 2017
Re: Premium/Discount Sally,Net Asset Values (NAV) will generally published by ITs on a daily basis. The easiest way to view them on this site is via the "News" tab above.However, NAVs in themselves are fairly meaningless unless compared to the share price on the same day. Comparing the NAV and the SP will identify if the trust is currently trading at a premium (SP>NAV) or discount (SP<NAV) to NAV.Again this value is fairly meaningless unless you know how the premium/discount value has changed historically. For this information I use Trustnet, but I am sure there are many other websites where this information is available for ITs.HTH,
Ben Alligin
03 Oct 2017
Re: Premium/Discount I use Trustnet for information about discounts.Start at [link] can then search for Scottish Mortgage in particular or many trusts in the same sector. There's a lot of info there.
Saigon Sally
03 Oct 2017
Re: Premium/Discount Excuse my ignorance but where can one find information on premium/ discount?Thank you,
Windlesham Don
02 Oct 2017
Re: Premium/Discount Looks like the window of opportunity to buy at a discount has passed for the time being. Happy to have topped up for the long term at 412p.
Windlesham Don
02 Oct 2017
Re: Low Yield Budu - This fund has returned 210pc over the last 5 years. If you hold it in an ISA or a SIPP then the yield is pretty irrelevant if you are getting that level of SP growth!
