Baillie Gifford American - ouch!!

Stargunner

swleventhal said:

I recently rebalanced my workplace SIPP with HL and moved a percentage amount from Blackrock Consensus 85 into the Baillie Gifford American fund. Turns out I did this at exactly the wrong time. Since the following day, the fund has nosedived and it's now 10+% down on my purchase price. I won't disclose how much I moved.

I won't panic and sell as it's my pension fund and there's at least 10 years till I'll need to withdraw from that pot. However this is my first foray into self investing (after a lot of research) and I feel I've made a complete clanger. I'm hoping the fund recovers in the coming years but would like some opinions from those here as to whether you feel Baillie Gifford will come good again. Did they just strike lucky in that fund by buying Tesla and Amazon, Netflix etc at the right time?

Should I reinvest from this fund into something less risky (eg a balanced multi asset fund) once the fund recovers in x months/years? I have a separate personal SIPP which I recently transferred to II and have the vast majority of this invested in the HSBC Global Strategy mixed asset fund.

I suppose I'm looking for some reassurance as I'm getting rather stressed - especially after seeing yet another large fall in the BG American fund today - and I'm licking my wounds!

This is likely to take another big hit today due to the current tech sell off. 

Heedtheadvice

Crikey! We start a thread about a Scottish managed fund, an exceptional place we are sometimes told by one lady, and move on to discussing colonial FATCATS........

Voyager2002

Stargunner said:

swleventhal said:

I recently rebalanced my workplace SIPP with HL and moved a percentage amount from Blackrock Consensus 85 into the Baillie Gifford American fund. Turns out I did this at exactly the wrong time. Since the following day, the fund has nosedived and it's now 10+% down on my purchase price. I won't disclose how much I moved.

I won't panic and sell as it's my pension fund and there's at least 10 years till I'll need to withdraw from that pot. However this is my first foray into self investing (after a lot of research) and I feel I've made a complete clanger. I'm hoping the fund recovers in the coming years but would like some opinions from those here as to whether you feel Baillie Gifford will come good again. Did they just strike lucky in that fund by buying Tesla and Amazon, Netflix etc at the right time?

Should I reinvest from this fund into something less risky (eg a balanced multi asset fund) once the fund recovers in x months/years? I have a separate personal SIPP which I recently transferred to II and have the vast majority of this invested in the HSBC Global Strategy mixed asset fund.

I suppose I'm looking for some reassurance as I'm getting rather stressed - especially after seeing yet another large fall in the BG American fund today - and I'm licking my wounds!

This is likely to take another big hit today due to the current tech sell off. 

Today is a great buying opportunity. How long does it take to arrange a second mortgage?

Novice_investor101

Yep. Im watching closely to see where the next few days go. Ready to make some investments if the falls continue. Into the same funds I’m already in, nothing new. 

Filo25

Baillie Gifford have been very good to me over the last few years (it helps that aviva allow investment into a few of their funds on my work pension).

But I have backed off a bit on being overweight on the growth style of investing a bit for now until we get some more clarity around the inflation and rate outlook, if we start to see signs of sustained inflation, leading to rising yields, a lot of the growth stocks and funds that have done so well over this business cycle are going to find the environment a lot more challenging.

older_and_no_wiser

Morning all. I'm the original poster of this thread, and 1 month on, feeling a lot happier. The losses on this fund (for me since investing) have clawed their way back from 10+% to 3%. My other funds are all up over the same period and the portfolio is looking a lot healthier. 

This was my first rebalance shift in my SIPP rebalance after some pension fund transfers due to employer takeover. I made the decision to review and rebalance after 20+ years of being completely ignorant of where my pensions were invested, fees, performance etc. I've learnt so much over the last couple of months. I look back on the BGA purchase as a mistake (too much re-invested in it). However, it taught me a lesson and I have learnt about my perceived risk tolerance and actual tolerance! It's stressful watching the losses but I'm so glad I've been strong enough to not crystalise those losses and remember that time in the market is so important and not to make impulse decisions - buying or selling.

This could have all left a bitter taste as in hindsight, I chose to rebalance just before a mini collapse and lost all round. I had to keep reassuring myself that dips are temporary. There could be another one soon - and bigger. However, it's a pension fund and I need to think long term.

Part of me wishes I was back in the dark days of a paper statement once a year and being ignorant of where I'm invested. However, secretly I really love this investment thing and my new spreadsheets and knowledge of it all. I'm boring my friends with it on a regular basis! 

csgohan4

A fund like BG American fund is not for the short term and as you say long term. It will go down and up. Whereas buying individual shares you will need to keep a closer eye