Baillie Gifford - Stick or Twist

GSP

Thoughts after large falls over the last year.
Sell up or stick with it?

El_Torro

The only way is up.... right?

I personally don't have any money in Baillie Gifford though I do have some friends who do. My suggestion to them is to stick it out as when share prices do recover it should rebound quite strongly. Easy for me to say though, as it's not my money.

masonic

Would you buy it now if you didn't already own it?

I'll confess to taking a very small position in SMT after it fell 50%. I'm interested in topping up, but think I'll be able to do so at a lower price. Looks like it's currently around fair value rather than being cheap.

Albermarle

GSP said:

Thoughts after large falls over the last year.
Sell up or stick with it?

There is more than One BG fund, which one do you mean?

Noneforit999

I have some money in BG Managed fund, it’s down 17.57%. I’m going to stick it out as looking at what it’s made up of, I am hopeful I can at least break even over the next few years. 

eastmidsaver

BG are growth focused,   and any growth fund has massively suffered this year.
as with anything, it is about the long term...  but i guess it depends if you've lost faith in the fund / funds?

Albermarle

Noneforit999 said:

I have some money in BG Managed fund, it’s down 17.57%. I’m going to stick it out as looking at what it’s made up of, I am hopeful I can at least break even over the next few years. 

I think this is one of the BG funds that is down the least ( certainly less than the one I have . 17.57 % down is not so unusual so far this year for many funds. So probably the usual advice of do not cash in funds that are down is probably valid here.

dunstonh

BG funds are generally higher risk than other funds in their sectors and tend to have growth focus (rather than value).  This is why they do so well in periods that favour growth but do so badly in periods that favour value.

P1Fanatic

I have a little in BG Positive Change fund which is down 30%. I don't need the money out so holding out but I guess the question is for how long....

NoviceInvestor1

BG have a collection of funds that had pretty average performance pre 2020, amazing performance in 2020 and have been dogs since 2020. There are a couple of exceptions but that's the general outlook. 

I'd ask 2 questions;

1. Why did you buy?
2. Why don't you want to buy more now it's cheaper? 

Beddie

P1Fanatic said:

I have a little in BG Positive Change fund which is down 30%. I don't need the money out so holding out but I guess the question is for how long....

I foolishly followed the past performance and thought I'd jump in to that one and global discovery, just as it turned and is now massively down. Fortunately not a large amount of my portfolio, but still very annoyed that I got taken in by the BG hype when actually they were just lucky. My opinion is to leave it now and ride it out, no point selling . Might even make some money back eventually.