Alternative to Smithson

RomfordNavy

Any suggestions for an alternative to Smithson (SSON)?  Need to move some out of that to crystalise some CGT, are there any other similarly performing alternatives that anyone knows of.

ColdIron

Hard to think of a substitute that I would prefer for a long term investment. In your shoes I'd find some steady eddie fund and wait the 30 days and reinvest. With the price going the way it is, cash could be a viable alternative

TBC15

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Prism

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

Thrugelmir

Prism said:

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

All eyes are on the Fed then the BOE. ECB cannot sit on their hands indefinately either. Tide has turned. 

TBC15

Prism said:

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

I hope so it’s down over 20% in the space of a month, nearly 10% of that yesterday alone.

Alexland

Prism said:

Should be looking at a decent bounce tomorrow to calm things down a bit.

Yes more enthusiastic buyers returned before the US markets closed yesterday and things are looking a bit brighter this morning. I don't know how much this correction is down to Fed rate increases as most of that outlook was already known last year. Perhps some valuations just got too high and some heat needed to be taken out. Still feels like we are entering a different economic backdrop and strategies that worked well in the past decade are looking less attractive now.

aroominyork

Alexland said:

Prism said:

Should be looking at a decent bounce tomorrow to calm things down a bit.

Still feels like we are entering a different economic backdrop and strategies that worked well in the past decade are looking less attractive now.

Yes, it's seems like an inverted "this time it's different". Usually it's said by bulls who think their good fortune will continue; this time it's pragmatists to whom the good times of the last decade look over. Since starting to DIY a few years ago my equities have outperformed the index by 2-3% a year with a slight growth tilt but nothing high risk (eg I sold Ballie Gifford soon after dipping my toe in because it felt too risky); right now it feels like a more modest outperformance would be a good result. Boston would, with some justification, say it's all the more reason to move into index funds.

Cus

Thrugelmir said:

Prism said:

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

All eyes are on the Fed then the BOE. ECB cannot sit on their hands indefinately either. Tide has turned. 

Everyone knew the tide would turn at some point. There have been a few false tides in the last 12 years and anyone who sat out missed out. The question is how much of a tide is this and for how long.  It is easy to become polarised in your view.

Thrugelmir

Cus said:

Thrugelmir said:

Prism said:

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

All eyes are on the Fed then the BOE. ECB cannot sit on their hands indefinately either. Tide has turned. 

Everyone knew the tide would turn at some point. There have been a few false tides in the last 12 years and anyone who sat out missed out. The question is how much of a tide is this and for how long.  It is easy to become polarised in your view.

Polarised? Been investing for many decades. Go with the flow and position your portfolio accordlingly. Remember the four most expensive words in the English language are "This Time is Different" .  The eternal mistake of many new investors. 

aroominyork

Thrugelmir said:

Cus said:

Thrugelmir said:

Prism said:

TBC15 said:

At the rate SSON is heading south at the moment give it a week and any thoughts of CGT will be wishful thinking. Sitting on cash for 30 days sounds good.

Should be looking at a decent bounce tomorrow to calm things down a bit.

All eyes are on the Fed then the BOE. ECB cannot sit on their hands indefinately either. Tide has turned. 

Everyone knew the tide would turn at some point. There have been a few false tides in the last 12 years and anyone who sat out missed out. The question is how much of a tide is this and for how long.  It is easy to become polarised in your view.

Polarised? Been investing for many decades. Go with the flow and position your portfolio accordlingly. Remember the four most expensive words in the English language are "This Time is Different" .  The eternal mistake of many new investors. 

But surely the last decade has been different, so it's a fair question of whether the future will continue that model (a new normal of central bank QE supporting markets) or we return to something more akin the old normal.