has this bolted Baillie Gifford American fund

Secret2ndAccount

ZingPowZing said:

BananaRepublic said:

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

I can answer that for you Banana Republic, the effect of bored people at home during the pandemic turning their attention to the stock markets is approximately zero.
For example Tesla trade $35 billion of stock every day: the prices are not driven by you, or me, nor bored people who will be doing something better after the pandemic.

Au contraire Zing, I've seen numerous market commentators stating that the RobinHood crowd are moving the market.

$35 bil is a busy day for Tesla - it's normally less. Even so, if you have ten straight days of 1 million young RobinHooders putting their $600 government handout into Tesla, and every one of those trades is a buy, then the Quants and their computers start to notice, and buy it themselves. That momentum encourages more people to pile on, and before you know it you have a car company that goes up in value by $1/2million every time it sells one car. No, that's not a typo.

[Deleted User]

Secret2ndAccount said:

ZingPowZing said:

BananaRepublic said:

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

I can answer that for you Banana Republic, the effect of bored people at home during the pandemic turning their attention to the stock markets is approximately zero.
For example Tesla trade $35 billion of stock every day: the prices are not driven by you, or me, nor bored people who will be doing something better after the pandemic.

Au contraire Zing, I've seen numerous market commentators stating that the RobinHood crowd are moving the market.

$35 bil is a busy day for Tesla - it's normally less. Even so, if you have ten straight days of 1 million young RobinHooders putting their $600 government handout into Tesla, and every one of those trades is a buy, then the Quants and their computers start to notice, and buy it themselves. That momentum encourages more people to pile on, and before you know it you have a car company that goes up in value by $1/2million every time it sells one car. No, that's not a typo.

If you have identified that dynamic, Secret2ndAccount, the obvious question to you is: when did you buy into Tesla?

Thrugelmir

ZingPowZing said:

Thrugelmir said:

BananaRepublic said:

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

Commercial reality will eventually kick in. Eastman Kodak is a classic example of US Robinhood investors speculating in the past 9 months. A fair number of lost shirts and burnt fingers. Efficient Market hypothesis got well and truly discarded. 

Red herring.
Kodak is worth less than the megacaps lose or gain in the first five minutes of trading.

Your understanding of markets appears somewhat limited. 

[Deleted User]

Thrugelmir said:

ZingPowZing said:

Thrugelmir said:

BananaRepublic said:

Jackson00 said:

I have held this fund for many years, Baillie Gifford Funds have performed well over the past year in a number of different sectors of the market, I personally don’t think it is very wise to have large percentage allocations assigned to any sector or any one fund as such.   

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

Commercial reality will eventually kick in. Eastman Kodak is a classic example of US Robinhood investors speculating in the past 9 months. A fair number of lost shirts and burnt fingers. Efficient Market hypothesis got well and truly discarded. 

Red herring.
Kodak is worth less than the megacaps lose or gain in the first five minutes of trading.

Your understanding of markets appears somewhat limited. 

Somewhat. Limited.  As opposed to. Thrugelmir's. Understanding. Of markets. If not punctuation.

[Deleted User]

A pure growth play like this isn’t something I would buy but for someone who would... Why buy this fund rather than a few key shares from this fund? 

Secret2ndAccount

The Kodak thing was mostly about insider trading, not RobinHood. I think Nikola would be a better example of RobinHood investors getting cleaned out

Buying into anything with EV in the description. For those who don't know, they put out a cool video of their prototype truck doing its thing. Turned out it had been recorded going down hill as it didn't have a working engine.

[Deleted User]

I agree, and am willing to bet 10% in each of the top ten shares will be worth more than a single investment in this BG fund on 06/01/22. 
But if were invested in this fund, there is no reason to sell other than tall poppy superstition.

Thrugelmir

Secret2ndAccount said:

The Kodak thing was mostly about insider trading, not RobinHood. I think Nikola would be a better example of RobinHood investors getting cleaned out

Buying into anything with EV in the description. For those who don't know, they put out a cool video of their prototype truck doing its thing. Turned out it had been recorded going down hill as it didn't have a working engine.

Obviously we read different news feeds. 

"As of 3:30 p.m. in New York on Wednesday, almost 79,000 users of the investing app had added Kodak to their accounts in some form over the past 24 hours, according to website Robintrack.net, which aggregates data from the brokerage but isn’t affiliated with it. The activity was 15 times more than the next most-popular stock, Heat Biologics Inc. Roughly 34,000 of the additions came over the latest four-hour span."

Rather late to be discussing events of last July. Hopefully you'll be subscribing to better information sources in 2021. 

Secret2ndAccount

ZingPowZing said:

Secret2ndAccount said:

ZingPowZing said:

BananaRepublic said:

I wonder how much of the US wonder share growth is due to bored people at home during the pandemic turning their attention to the stock markets? If this is significant, we could be due a levelling off this summer. 

I can answer that for you Banana Republic, the effect of bored people at home during the pandemic turning their attention to the stock markets is approximately zero.
For example Tesla trade $35 billion of stock every day: the prices are not driven by you, or me, nor bored people who will be doing something better after the pandemic.

Au contraire Zing, I've seen numerous market commentators stating that the RobinHood crowd are moving the market.

$35 bil is a busy day for Tesla - it's normally less. Even so, if you have ten straight days of 1 million young RobinHooders putting their $600 government handout into Tesla, and every one of those trades is a buy, then the Quants and their computers start to notice, and buy it themselves. That momentum encourages more people to pile on, and before you know it you have a car company that goes up in value by $1/2million every time it sells one car. No, that's not a typo.

If you have identified that dynamic, Secret2ndAccount, the obvious question to you is: when did you buy into Tesla?

I've never bought any Tesla. I did want to buy some BG, and, rather than try to replicate BGxTSLA by buying a dozen stocks and trying to trade them in line with BG, I just said "Hang it, I can live with a few TSLA. How bad can it be".  Worked out okay.

I have an all World index tracker too. I guess that's probably approaching 1% TSLA. Hey ho.

[Deleted User]

Crossed posts. I agree with Mordko. Not the Kodak thing.