SMT No brainer

Reaper

I had to laugh when I saw this on Motley Fool:

These are the main reasons I see Scottish Mortgage Investment Trust is a no-brainer buy for me today

(link)
The next day it dropped 9%

Prism

To be fair, what happens on a daily, weekly or even yearly basis should not be that relevant to someone invested in Scottish Mortgage. Lets see where it is at in 10+ years.

lozzy1965

Reaper said:

I had to laugh when I saw this on Motley Fool:

These are the main reasons I see Scottish Mortgage Investment Trust is a no-brainer buy for me today

(link)
The next day it dropped 9%

I love it when they write articles about why they would definitely buy this that or the other, then at the bottom it says Author does not not own this that or the other.  Put your money where your mouth is guys!!!
EDIT:  Ha ha it even says it on that link!  I mean, really?

maxsteam

Haha. The phrase "no-brainer" can be interpreted to mean something for a person with no brain, or at the very least, something about which you should not think too much.

A lot of the articles on the internet about investing in particular funds and companies (including some Fool stuff) is computer generated from the information contained in company announcements and reports. How many times have you seen a Fool article with a heading similar to "The Three Smartest Property Funds to buy in 2022"? 

Cell

As an investor in SMT I must say I'm besides myself with laughter at this...

Thrugelmir

Only up 2% over the past 12 months. Seems to be trading now on the past success of an early stage investment in Tesla. Suspect there's going to be major disappointment going forward as it becomes just another tech fund. 

Amazin

Reaper said:

I had to laugh when I saw this on Motley Fool:

These are the main reasons I see Scottish Mortgage Investment Trust is a no-brainer buy for me today

(link)
The next day it dropped 9%

can't judge a fund like that. They do have long term outstanding record. Past performance is no future but certainly not irrelevant 

Malthusian

Prism said:

To be fair, what happens on a daily, weekly or even yearly basis should not be that relevant to someone invested in Scottish Mortgage.

It is however relevant to anyone who reads the Motley Moron and takes it seriously.

csgohan4

some of the drop has to do with the tech dumping by investors.

SMT is not by all means no risk or low risk. 

Today's winners could be tomorrow's losers

DYOR

Reaper

I take the point you have to look long term, but I don't think the outlook for tech funds is very rosy in the longer term either. I hold the fund but am cutting back. I just loved the timing of the Motley Fool piece and was picturing in my head the guy who wrote it hearing about the falls.

SMT does not describe itself as a tech fund, so maybe they will rotate out into whatever they think the next big thing will be.

maxsteam

Every time I read someone talking about tech stock as though it's all an indistinguishable mass, I think of IBM. Anyone who invested in IBM ten years ago, before the latest tech boom, would be, errr, well, embarrassed.