Scottish Mortgage IT (SMT)

StellaN

Not sure how long SMT can keep delivering such great results/performance? I've been considering selling my investment in SMT and buying into another growth IT with less risk such as Witan or Monks.

SMT closed at 417.25 on Friday so it could be a good time to get out at a decent profit - anybody else feel the same?

dutchism1958

I'm keeping mine because I think there is still more to come over the next few years. If you are happy with the gains you have made and feel SMT is a little risky then go with that. I hope I'm right!!.

ChesterDog

I am keeping mine.

I keep almost all my investments, with the intention of pretty much holding them forever.

SMT has a great record both on overall performance and dividend growth. If I was able to time when that was going to change, my investment style would doubtless be very different. But I cannot. So it's not.

ColdIron

Investing is a long term business, who knows where it will be ten years from now. Perhaps now would be a good time to sell some to rebalance it back to your original allocation and top up one or two of your funds that haven't fared as well?

Apodemus

Lol! It's on my watch list and I had been hoping that the price would fall, but it just keeps rising!

Vortigern

Mine are not in an ISA so I'll probably sell some to use my CGT allowance.

Audaxer

StellaN wrote: »

Not sure how long SMT can keep delivering such great results/performance? I've been considering selling my investment in SMT and buying into another growth IT with less risk such as Witan or Monks.

SMT closed at 417.25 on Friday so it could be a good time to get out at a decent profit - anybody else feel the same?

I remember looking at this IT a few months ago and I looked at a 20 year chart on Trustnet. By the middle of 2008 it looked to have risen about 170% since June 1997. It then dropped back to the June 1997 level by the end of 2008, so you would have been back where you started after about eleven and a half years. As it has risen so much since then, if I was in your position I would definitely think it is worth cashing in at least some of my gains.

Apodemus

Audaxer wrote: »

... It then dropped back to the June 1997 level by the end of 2008, so you would have been back where you started after about eleven and a half years...

As had most of the market!

StellaN

Apodemus wrote: »

As had most of the market!

Exactly. My thoughts are, I've had a good run so maybe by de-risking to other growth funds like Witan or Monks at this time may not be a bad idea?

bowlhead99

StellaN wrote: »

Exactly. My thoughts are, I've had a good run so maybe by de-risking to other growth funds like Witan or Monks at this time may not be a bad idea?

Haven't those funds also had a good run? They are, as you say, growth funds, and have (along with other decent global investors) been on an 8 year bull run. £10000 invested in either of them 15 years ago with divs reinvested would be £50000+ now, which is over 11% annualised compound return.

MPN

StellaN wrote: »

Exactly. My thoughts are, I've had a good run so maybe by de-risking to other growth funds like Witan or Monks at this time may not be a bad idea?

I can understand the de-risk element with Witan but isn't Monks also quite high risk and roughly the same as SMT mainly tech based and similar holdings?