Baillie Gifford - Stick or Twist

Beddie

Ceme3000 said:

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. 

Global Discovery here too, down almost 50%. Can't see the point of selling, surely most of the damage has been done now. At least with their growth portfolio they should do well if/when a recovery gets underway. 

NoviceInvestor1

Beddie said:

Ceme3000 said:

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. 

Global Discovery here too, down almost 50%. Can't see the point of selling, surely most of the damage has been done now. At least with their growth portfolio they should do well if/when a recovery gets underway. 

Here's a question with an alternative view - is there a reason to not buy more when it's half the price of when you initially bought it?  

If you don't want to buy more of something when it's half the price I'd question if it's the right thing to buy!

george4064

NoviceInvestor1 said:

Beddie said:

Ceme3000 said:

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. 

Global Discovery here too, down almost 50%. Can't see the point of selling, surely most of the damage has been done now. At least with their growth portfolio they should do well if/when a recovery gets underway. 

Here's a question with an alternative view - is there a reason to not buy more when it's half the price of when you initially bought it?  

If you don't want to buy more of something when it's half the price I'd question if it's the right thing to buy!

Maybe the portfolio has absolute tolerance ranges and since it was a small % holding to begin with it hasn't breached even though its dropped 50%?

Also, maybe the rest of the portfolio has also fallen by a similar amount such that the BG fund isn't much underweight or not underweight vs target at all. (Granted, this scenario seems very unlikely!)

bostonerimus

I own index funds just so I never have to think about this sort of stuff. With an investment philosophy like BG's you'll see volatility and if you don't like the downsides I'd question your initial choices. With a simple index fund portfolio you can probably drop the advisor too.