Preparing for the Crash

csgohan4

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

during a bear market, pound cost averaging is helpful, whereas during a bull market, lump sum would be a reasonable strategy. Personal preference

SMT is not a short term holding imo. Investors maybe wanting to put their money elsewhere at present and maybe wanting a piece of the economy recovery 

Very true that today's winners could be tomorrow's losers

[Deleted User]

What's this about a sell off FTSE 2% down almost. Yoyo!

Prism

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

Never trust the discount at times when stocks are moving significantly. The NAV is released a day later. So we can now see that the NAV yesterday was 1194p - yesterday close was still at a premium

Thrugelmir

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

Brave decision to treat SMT as a long term keep and forget portfolio holding.  Do you regard the underlying holdings as being at bargain prices currently? 

What weighting does SMT have in your portfolio? 

Stargunner

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

That may pay off for you, but the markets are so volatile at the moment, how would you feel if it went down another 6% on Monday. 

maxsteam

I've covered any fall in my portfolio between now and Monday's close with put options. It almost sounds sensible when written like that but it's really a gamble. Today's market was very erratic. It's possible that I could double my options stake and it's possible that I could lose it. If the index falls by 6% on Monday, I would actually multiply my stake by about 12 which would be very nice thank you. Realistically, 6% swings do happen but a swing of 1 or 2% is commonplace.

[Deleted User]

..Oh oh...

MDMD

Thrugelmir said:

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

Brave decision to treat SMT as a long term keep and forget portfolio holding.  Do you regard the underlying holdings as being at bargain prices currently? 

What weighting does SMT have in your portfolio? 

I treat it as my “risk” capital - I have around 7-8% of the portfolio in it at the moment, but it goes down each month as my work pension goes into somewhere more normal (from the limited choice anyway). 90% is in a cheap world tracker (which is also down too).

MDMD

Stargunner said:

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

That may pay off for you, but the markets are so volatile at the moment, how would you feel if it went down another 6% on Monday. 

To be honest no one likes seeing the value of anything drop but I’m fairly relaxed, the money won’t be needed for years to come. Hindsight is a wonderful thing....

Thrugelmir

Stargunner said:

MDMD said:

SMT down another 6% today. Annoying as I bought in yesterday in my SIPP as a long term holding and Trading account as it was at a discount.

Trying to decide if I should double down on
it while there’s a “sale” on.......

That may pay off for you, but the markets are so volatile at the moment, how would you feel if it went down another 6% on Monday. 

The issue for SMT is it's stock concentration. Volatility is going to be far greater than the broader market indices. Tesla in particular has had a bad run of news stories in the past few weeks.