Baillie Gifford - Stick or Twist

P1Fanatic

Beddie said:

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.

I think mine was down as low as -32% and since posting here its started to recover somewhat and is "only" -19% 

Audaxer

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've always liked the look of the BG Managed fund, but as at the end of October it was 27.3% down for this year. However, it does have a good long-term history, so hopefully it will recover.

hallmark

I have some SMT and EWI and they're currently the two worst performers I have (both down about 17%).  If they drop to around 25% down I'd buy more, otherwise not really motivated to do anything.

At the moment, fwiw, if I topup it tends to be on things with a decent yield and that ain't those.

george4064

I bought Monks IT within a LISA (for retirement, not property purchase) in May 2021 and topped it up in April 2022. Currently showing a 21% loss, but doesn’t concern me at all.

Part and parcel of investing, and if I had enough spare cash I’d be buying more if I could.

NoviceInvestor1

Audaxer said:

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've always liked the look of the BG Managed fund, but as at the end of October it was 27.3% down for this year. However, it does have a good long-term history, so hopefully it will recover.

 What is there to like about BG Managed? I think it looks dreadful - all the volatility of being 100% stocks (actually far more so compared to a global tracker) but without the returns of being 100% stocks. This makes it completely pointless in my eyes. 

NoviceInvestor1

At the start of the last bull market there were some people sat in funds that had done well the previous 10 years that started to underperform. 10 years later they were still underperforming….

Does anyone really think multiple expansion up to 70/80 x earnings ( which is what drove much of BGs returns in the 2020 bubble) is going to happen again any time soon? I think a continued rerating downwards is far more likely as we enter a new monetary era. 

Audaxer

NoviceInvestor1 said:

Audaxer said:

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've always liked the look of the BG Managed fund, but as at the end of October it was 27.3% down for this year. However, it does have a good long-term history, so hopefully it will recover.

 What is there to like about BG Managed? I think it looks dreadful - all the volatility of being 100% stocks (actually far more so compared to a global tracker) but without the returns of being 100% stocks. This makes it completely pointless in my eyes. 

When I was considering it a few years, it had very good returns compared to other multi asset funds, and also a good long-term performance. In hindsight I'm glad I didn't invest in it as a bit too volatile for me.

NoviceInvestor1

Audaxer said:

NoviceInvestor1 said:

Audaxer said:

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've always liked the look of the BG Managed fund, but as at the end of October it was 27.3% down for this year. However, it does have a good long-term history, so hopefully it will recover.

 What is there to like about BG Managed? I think it looks dreadful - all the volatility of being 100% stocks (actually far more so compared to a global tracker) but without the returns of being 100% stocks. This makes it completely pointless in my eyes. 

When I was considering it a few years, it had very good returns compared to other multi asset funds, and also a good long-term performance. In hindsight I'm glad I didn't invest in it as a bit too volatile for me.

The previous good performance is because it was loaded up on high risk growth stocks, as is the BG way. It took on far more risk than its competitors, it really should be benchmarked against being 100% equities rather than other multi asset. 

I always found it a strange offering, as most people choosing a multi asset presumably want less risk than being 100% stocks. 

Ceme3000

I've been asking myself the same question as I hold BG Mananaged, Global Discovery and European.  I don't need the money at the moment and my gut says stick with it, but I do wonder if I should change tack now. 

GSP

My advisor has recommended to twist.