SSON & EWI

NoviceInvestor1

Most of that is already priced into the market though, particularly when buying a fund with a PE ratio of 70. It's fair to say the outlook for the holdings of that fund is very very optimistic. 

Audaxer

MPN said:

I invested 5% of my portfolio in EWI in Springtime 2020 at a low price of around 180 and at quite a good discount for this trust. I sold out at around 405 to take the profits. I actually bought back in yesterday at 235 because I have faith in Douglas Brodie and his team and I feel quite confident that eventually their growth stock picks will do well again. Give it time…

You did very well to more than double your investment in less than a year, and through very good judgement or luck managed to sell at near it's peak. Makes market timing look easy, although I know it's not.

MPN

Audaxer said:

MPN said:

I invested 5% of my portfolio in EWI in Springtime 2020 at a low price of around 180 and at quite a good discount for this trust. I sold out at around 405 to take the profits. I actually bought back in yesterday at 235 because I have faith in Douglas Brodie and his team and I feel quite confident that eventually their growth stock picks will do well again. Give it time…

You did very well to more than double your investment in less than a year, and through very good judgement or luck managed to sell at near it's peak. Makes market timing look easy, although I know it's not.

I wasn’t really trying to time the market but simply couldn’t resist taking the profit. Even if the share price had continued to rise I was more than happy with my sell price. As I mentioned I have bought back in and although I don’t think I can hope for the same profit margin I do believe the share price will rise again but who knows by how much or indeed whether it will fall much further than the current price. Only time will tell.

Nebulous2

ANGLICANPAT said:

Re funds tech heavy  , isnt this just a blip ?  Surely longer term the  world is going   to get more and more 'techie' ? Why wouldnt it?    With more old people needing looking after,  and less workers wanting menial low paid jobs for instance,   and  folk wanting more and more sophisticated leisure  options,  wont  tech investment  in  AI /robotics  grow fast  ? And once we're over Covid and supply problems,  wont all kinds of technology continue to  grow to meet climate change and other  environmental /agricultural challenges ?

In early 2000 the world was definitely going to get more and more "internetty" and indeed it has..... 

Dot-com bubble - Wikipedia

Audaxer

MPN said:

Audaxer said:

MPN said:

I invested 5% of my portfolio in EWI in Springtime 2020 at a low price of around 180 and at quite a good discount for this trust. I sold out at around 405 to take the profits. I actually bought back in yesterday at 235 because I have faith in Douglas Brodie and his team and I feel quite confident that eventually their growth stock picks will do well again. Give it time…

You did very well to more than double your investment in less than a year, and through very good judgement or luck managed to sell at near it's peak. Makes market timing look easy, although I know it's not.

I wasn’t really trying to time the market but simply couldn’t resist taking the profit. Even if the share price had continued to rise I was more than happy with my sell price. As I mentioned I have bought back in and although I don’t think I can hope for the same profit margin I do believe the share price will rise again but who knows by how much or indeed whether it will fall much further than the current price. Only time will tell.

I think you were right to sell after such a big gain. Although I'm now thinking as you have now bought back in at 235 as opposed to your original 180, would you not have been better off by only selling the actual profit, with your original value which was bought at the lower price, remaining invested? 

MPN

Audaxer said:

JMPN said:

Audaxer said:

MPN said:

I invested 5% of my portfolio in EWI in Springtime 2020 at a low price of around 180 and at quite a good discount for this trust. I sold out at around 405 to take the profits. I actually bought back in yesterday at 235 because I have faith in Douglas Brodie and his team and I feel quite confident that eventually their growth stock picks will do well again. Give it time…

You did very well to more than double your investment in less than a year, and through very good judgement or luck managed to sell at near it's peak. Makes market timing look easy, although I know it's not.

I wasn’t really trying to time the market but simply couldn’t resist taking the profit. Even if the share price had continued to rise I was more than happy with my sell price. As I mentioned I have bought back in and although I don’t think I can hope for the same profit margin I do believe the share price will rise again but who knows by how much or indeed whether it will fall much further than the current price. Only time will tell.

I think you were right to sell after such a big gain. Although I'm now thinking as you have now bought back in at 235 as opposed to your original 180, would you not have been better off by only selling the actual profit, with your original value which was bought at the lower price, remaining invested? 

Indeed, you are quite right, with hindsight that is most probably what I should have done!

schiff

SSON is 12% down in 18 days. That seems a bit abrupt to me! Do we know which particular holdings have taken the hit?

NoviceInvestor1

SSON is on a PE ratio of 40 odd with 50% US and 45% in tech, the main thing that has been selling off hard is expensive tech so I should imagine that you'd find the answer amongst those holdings