Scottish Mortgage IT (SMT)

Alice_Holt

MPN wrote: »

.... but isn't Monks also quite high risk and roughly the same as SMT mainly tech based and similar holdings?

That would be my thought.

If the intention is to de-risk (rather than to take profits) then Personal Assets, Capital Gearing, RIT, etc should be in the frame.
http://www.moneyobserver.com/fund-fact-sheet/Capital-Gearing-Trust-plc/ITCGT

RIT though is currently trading at a premium. PAT controls any premium . Not sure about CG.
.

AnotherJoe

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?

No. When i buy an IT its for the long term or until something has gone substantially awry. Having good performance doesn't count as that to me.

If I wanted to trade based on performance, I'd pick individual company shares and I do run a few of those though most are now long term punts as well.

StellaN

Alice_Holt wrote: »

That would be my thought.

If the intention is to de-risk (rather than to take profits) then Personal Assets, Capital Gearing, RIT, etc should be in the frame.
http://www.moneyobserver.com/fund-fact-sheet/Capital-Gearing-Trust-plc/ITCGT

RIT though is currently trading at a premium. PAT controls any premium . Not sure about CG.
.

I should of been more clear, by de-risk I really meant another 100 per cent equity IT like Witan or Monks but not quite as high risk as SMT.

However, the general opinion seems to be to stick with SMT which I'm happy to do because it is a only a small part of my overall portfolio. It was just a thought.

Sue58

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?

That's what I did, I sold at a decent profit at 422.00 and re-invested the money into Bankers at a discount of 5.6 and at the same time slightly reduced my risk exposure which I'm happy with.

Audaxer

StellaN wrote: »

I should of been more clear, by de-risk I really meant another 100 per cent equity IT like Witan or Monks but not quite as high risk as SMT.

However, the general opinion seems to be to stick with SMT which I'm happy to do because it is a only a small part of my overall portfolio. It was just a thought.

If it's only a small part of your portfolio and you are planning to hold on to it for many more years that's fair enough. However I don't know how long you have held SMT and therefore how much you have gained, but if it has made much more profit compared to the rest of your portfolio, maybe it would be worth considering rebalancing so that your portfolio is back to your original risk tolerance?

StellaN

Sue58 wrote: »

That's what I did, I sold at a decent profit at 422.00 and re-invested the money into Bankers at a discount of 5.6 and at the same time slightly reduced my risk exposure which I'm happy with.

I am also looking at Bankers as well as Witan and Monks as alternatives just in case I sell SMT. It does offer a reasonable discount sometimes but so does Brunner.

SMT is up again this morning at its highest level at around 424.50!

MPN

Sue58 wrote: »

That's what I did, I sold at a decent profit at 422.00 and re-invested the money into Bankers at a discount of 5.6 and at the same time slightly reduced my risk exposure which I'm happy with.

I have just recently split my £20K ISA allowance between Bankers and Witan. I did consider SMT but in the end decided it was too volatile for me.

takesyourchances

I know Scottish Mortage has been on a strong run the last 10 years and hit a bit of a tech wobble recently in the dips. I have been thinking of adding Scottish Mortage to my IT portfolio as part of my global exposure for a growth based element to differ from my global IT's Bankers and Murray International.



I don't have much ISA allowance left, but have been thinking as another long term hold now would be as good a time as any to start a monthy contribution which I can increase more when the next tax years allowance kicks in.



I have been thinking it would add an element of growth prospects outside the income style IT's and also to the tech type companies too.



As always, view would be holding for many years to come

Alexland

SMT was too high risk for me so I held Monks but even then the risk grew above my taste so by luck sold it just before the October correction. Thankfully BG sent me a paper cheque which took some time to bank and clear. I think it might take a while before we see much return from Growth investing again.

Alex

takesyourchances

Alexland wrote: »

SMT was too high risk for me so I held Monks but even then the risk grew above my taste so by luck sold it just before the October correction. Thankfully BG sent me a paper cheque which took some time to bank and clear. I think it might take a while before we see much return from Growth investing again.

Alex

I have a wide enough spread that if I went for SMT it would be part of a wider spread, but can see why the risks would be high and swings etc with tech etc.



You could be right in that it could be a while before growth investing gives much returns.



I don't hold Monks, my global IT's are Bankers, Murray International and recently Scottish America, re-investing dividends etc along with the rest.