To go with SMT

AnotherJoe

noClue said:

lol? I'm surprised that people who bought SMT and was going to buy SMT didn't check out these kinds of things?

Why? I invested on the basis of what was in it at the time i bought, not what was in it umpty years prior. 

And as said, its an active fund so things change, and  maybe Lloyds was a stellar buy back in the 90's. 

Ciprico

Audaxer said:

AnotherJoe said:

csgohan4 said:

I guess as always, to diversify your investment and not to put all your eggs in one basket, be it USA heavy funds to tech  heavy funds, but have a spread, 

however the active funds are not immune to changes in the market, however I think on balance, having an active fund covering what you want it probably better as they can change quicker than you and probably have more knowledge.
Unless your Woodford

Getting back to your original point, If you think SMT is a good long term investment now is a great time to buy it. Might it be cheaper next week?  Sure, maybe. But them again it might be more expensive. You will never buy it at its absolute lowest and if you try odds are it will rise until you get the courage to buy and you'll have paid more.  

I noticed yesterday that SMT was down 6.35% and was the biggest faller in the FTSE100, and today I see it is down another 6.45%, so for someone wanting to invest in SMT, probably now is a good time to buy. 

SMT highest riser today - lets hope it's just a blip !  (+5.30%)

AnotherJoe

123mat123 said:

Audaxer said:

AnotherJoe said:

csgohan4 said:

I guess as always, to diversify your investment and not to put all your eggs in one basket, be it USA heavy funds to tech  heavy funds, but have a spread, 

however the active funds are not immune to changes in the market, however I think on balance, having an active fund covering what you want it probably better as they can change quicker than you and probably have more knowledge.
Unless your Woodford

Getting back to your original point, If you think SMT is a good long term investment now is a great time to buy it. Might it be cheaper next week?  Sure, maybe. But them again it might be more expensive. You will never buy it at its absolute lowest and if you try odds are it will rise until you get the courage to buy and you'll have paid more.  

I noticed yesterday that SMT was down 6.35% and was the biggest faller in the FTSE100, and today I see it is down another 6.45%, so for someone wanting to invest in SMT, probably now is a good time to buy. 

SMT highest riser today - lets hope it's just a blip !  (+5.30%)

SMT now edging towards 1000 , maybe next week.

csgohan4

AnotherJoe said:

123mat123 said:

Audaxer said:

AnotherJoe said:

csgohan4 said:

I guess as always, to diversify your investment and not to put all your eggs in one basket, be it USA heavy funds to tech  heavy funds, but have a spread, 

however the active funds are not immune to changes in the market, however I think on balance, having an active fund covering what you want it probably better as they can change quicker than you and probably have more knowledge.
Unless your Woodford

Getting back to your original point, If you think SMT is a good long term investment now is a great time to buy it. Might it be cheaper next week?  Sure, maybe. But them again it might be more expensive. You will never buy it at its absolute lowest and if you try odds are it will rise until you get the courage to buy and you'll have paid more.  

I noticed yesterday that SMT was down 6.35% and was the biggest faller in the FTSE100, and today I see it is down another 6.45%, so for someone wanting to invest in SMT, probably now is a good time to buy. 

SMT highest riser today - lets hope it's just a blip !  (+5.30%)

SMT now edging towards 1000 , maybe next week.

I'm waiting for the next crash so I can fill my boots

AnotherJoe

Now just 50p off 1000.

I told you to fill 'em earlier.

Steve182

AnotherJoe said:

Now just 50p off 1000.

I told you to fill 'em earlier.

I remember watching an interview with Anderson a few years ago. He certainly comes across as a thoroughly decent and extremely knowledgeable chap. I have no issues in trusting him and Slater with a fair chunk of my money. I remember him admitting that he was paid too much, and that his financial ambition was to own 1% of the trust, which he said he had fulfilled. That was when I first started investing and it was worth about £5bn as I recall, which is about 1/3 of its current value. I wonder if he still owns 1%. The numbers are mind boggling.

MarkCarnage

The team managing SMT are very impressive. Have been in the fortunate position of meeting them on several occasions. 
James Anderson recently donated a considerable sum to assist football clubs in Scotland during COVID. Money went equally to all senior clubs, not just the big ones. Did same for women's football too....
That said, I sold some yesterday, as well as some other BG managed trusts. Not because I have any concerns over their management, but they had become very significant holdings in my portfolio, to levels where the concentration risk was just a bit high, and a bit of rebalance towards more defensive assets was needed. So added to PAT, gold and global Index Linked bonds.