Baillie Gifford Us Growth Share Discussion Threads

[nocrapversion4] 21/5/2018 19:45

even buffett lost money in a bear market, why did he lose, cos he cant sell say $150 billion worth of shares in a day, so he has to hang on and drop 30 plus %. and try recover, but he uses his dividends.

but a pi can get out within days, if the market goes down, not volatility down, but a true recession, as the aver pi holds £thousands not £billions.

But what the ave pi does wrong is load up on one stock or two only and when those stocks have a scandal or something big bad news it wrecks the pis portfolio, which the general market can still be in a bull run. but those few concentrated wrong stocks ruins it all for the novice pi. imo..

baillie gifford expects some wrong shock stocks, but its other good ones overcome that disaster.

[nocrapversion4] 21/5/2018 11:45

agreed lucky mouse, who wants a portfolio that goes 7 steps forward 5 steps back, id rather go 5 steps forward, 1 step back.

low beta outperforms high beta

[nocrapversion4] 21/5/2018 11:40

at the end of the day we are in a bull market, interest rates are very low, shares is the only place to make money, and usa is where the best companies in the world come from.

for me i will own this until the bull market stops, at one stage interest rates were kept low for 17 years back in the 80s.
pension managers say own bonds also, yes that fine if you want to lock in your portfolio and never look at it again,

but as pi, we can go to cash far faster than these traget date investors if we monitor news about the investing world very often.

and its far easier to sell thousands of pounds in a trade for a pi than it is for your big pension company to do it to sell £billions over months if they get spooked..

what im after is very low volatility with leverage applied, which this trust will have imo.

[foot in mouth] 20/5/2018 14:16

I guess the recent increase in NAV of this fund is due to currency movements rather than stellar performance by the fund manager?

[luckymouse] 18/5/2018 17:45

Most ITs are Profit warning free & small cap manipulation free

[nocrapversion4] 15/5/2018 09:38

i also feel as this trust is moslty owned by institutes who analyse before they buy millions of pounds, then the small pi here on this board has no influence on a penny stock pump n dump, which is good as there are too many con artists out there onthese boards.


hence this chat is for intelligent share discussion, we will never see a whoop, whoop, nonsense ever here imo, which is good.

is amazing the fools that are taking in by the whoops, kerchings on these boards,

so sad to see them easily misled.


and the more an institute owns a stock they less they take notice of pump and dumpers.

we know baille gifford has over 1000 staff, most in edinburgh and looks after £172 billion for investors.thats confidence, is it not.

[nocrapversion4] 13/5/2018 22:51

agreed, read the coffee can portfolio.

its about having a concentrated portfolio, leaving it for 10 yrs, and if one of those stocks is a multibagger unicorn, your overall performance is increased by lots.

[luckymouse] 13/5/2018 14:10

With VC/unlisted i guess they are trying to catching a 100 bagger

[nocrapversion4] 13/5/2018 12:14

euclid5

"For every Uber there are 50 failures, don't forget that"

yes agree with that, but its amatuer pi investors that buy up these stocks by the dozen, mostly on the AIM market.the nanocap listed ones that come begging for money on AIM with their crazy products and solutions that wont ever become monopolies..

i dont expect baillie gifford to only have one success out of 50 unlisted.

they may have some failures, they admit that, but i expect their winnners to losers to out number.

as they arent pi amatuers sat at home,buying any old junk on the AIM market, they have more access to research to these unlited unicorns than we will ever have, imo.

[nocrapversion4] 13/5/2018 00:57

finding great stocks is prob harder in the first place than the actual questioning the quality/potential of the said stocks once found.

i dont have the means to visit companies in the states to scrutinise their accounts, motives, ambitions, usp's, ceos.

the trust can and will, they also are using big data to find these stocks, screening them on certain parameters, and rejecting those that dont fit the bill.

once they have got a list of companies, thats when the trust does its digging into those stocks, via visits to the companies, something me or you cant do.imo

[nocrapversion4] 13/5/2018 00:48

if you look at the trades going through, they are sometimes nearly £100000, that is good liquidity.

for many companies at a similar value of £198 mill, you will not see prices like that going through.some stocks that value, trade in the hundreds of pounds or a few dozen trades.

it seems its harder to buy in, than to sell.

but once the market cap rises such as scottish mortgage trust did, it should attract even larger amounts of money.imo.

what i like most is holders of the trust are investors not pump n dump traders.

I feel it is only educated folk that venture onto baillie gifford websites,take time to read and absorb the wise construction of their trusts and funds and then buy in, and i mean institutes, intermidateries and individuals.

there is not a hope in hell that anyone owning this trust ever owned cloudtag stock lol.

[euclid5] 12/5/2018 18:55

For every Uber there are 50 failures, don't forget that

MarkSP, I did read part of the Admin Doc

Was just making a small point in that Unlisted sec't are sometimes, not always difficult to sell due to liquidity, that was all

I am invested in BG's existing US managed fund, but not this particular fund, but do like their overall funds performance in their other funds, especially their UK smaller cap foused fund

[marksp2011] 12/5/2018 15:10

Euclid

Try reading the prospectus

"trust will only own small caps that are unlisted" - that is completely wrong :)

Maximum holding of unlisted is 20% and that won't be there for 2-3 years in the meantime they are mirroring the US fund

Pg42

As regards Unlisted Securities: in terms of size and maturity, the Unlisted Securities in which the
Investment Manager will seek to invest are the same types of businesses in which it has been investing for
many years. Typically, the Investment Manager will only consider companies with valuations of at least
US$500 million, as measured before taking into account new money that the investee company is planning
to raise.
As regards overall Portfolio construction, the primary investment focus will remain on Listed Securities with
healthy liquidity. The Company will not hold any assets as at the date of this Prospectus or immediately
following Admission, but is expected to be substantially invested in Listed Securities soon after Admission.
The Company does not expect to have any Unlisted Securities in its Portfolio in the period immediately
following Admission. Over time, however, the Company’s exposure to Unlisted Securities is expected to
grow. Subject to suitable investment opportunities arising, Unlisted Securities could comprise approximately
20 per cent. of the Portfolio within two to three years after the date of Admission.

[nocrapversion4] 12/5/2018 08:55

The only prob i found was i had difficulty buying £10000 the other day, due to the popularity of the trust, when a pension fund made a recent big purchase.

this is why the trust issue more shares into the market, to avoid the share price becomes overvalued.

scottish mortgage trust had the same problem, too much demand for it, it had to issue more shares for institutes buying in to prevent the NAV becoming overvalued, which deters some new buyers.

[euclid5] 11/5/2018 14:54

Can be difficult to trade or sell on due to liquidity sometimes

trust will only own small caps that are unlisted

But they have a good track record in their Funds

[nocrapversion4] 11/5/2018 14:42

hi again, folk must understand the smart thinking here, baillie gifford wont invest in AIM market micro caps, as they can be played left right and centre daily by stock pump n dumpers, amatuer investors that buy and sell up hourly, daily based on rumours, fear,greed, inexperience.

thats why this trust will only own small caps that are unlisted, these arent at the whim of the amatuer pump n dump aim market, these are stocks that you hold for years as they are on purpose illiquid, and become liquid on IPO day.


they are owned by directors that arent out for a quick buck like so many say exploratory mining stocks on AIM market.

and combine the trust with highly liquid popular stocks which gives the trust its liquidity, then that is smart investing by baillie gifford imo.

[milly17] 11/5/2018 11:49

Thanks Mark will do

[nocrapversion4] 11/5/2018 02:34

hi, alot of folk dont understand the intelligence behind trusts like this, trusts are superior to funds as they dont need to sell up on a big ouflow, the price is based on the NAV the companies within the trust.hence it has a daily NAV

trusts can also use leverage, funds cant, works well with low interest rates.this trust will in time use leverage, as stated in prospectus., that is fine when interest rates are very low.

infact buffett leveraged for years, at a ratio of 1 to 1.6, using "free" capital from geico insurance premiums paid up front.

.his returns were only around 10% plus , but with leverage he got it up to 20%.

take 20% growth times 50 years, makes lot of money compounded.

anyway, the only thing i think this growth fund should do is concentrate its holdings even more, if it could go down to say only 10 stocks, it would really compound if it picked great winners. it says it will vary between 40 and 80 stocks., but it maybe limted by rules i guess.

some of buffetts stocks he holds 20% plus in his portfolio, he bets big on a few but concentrated portfolio.

ive been a fan for baillie gifford for a long while, and even though very few here will ever read this post, as the trust is mostly held by quality institutes, not pump n dump traders.

IMO, as the trust holds for min 5 years, you should see lower volitality, as low beta can produce better growth, another buffett secret, buy low beta stocks with leverage equals winning smooth growth.

ps, i have to comment on the top page, amazon did not go up 1 million% it went up 8000% but had many share splits.


www.investopedia.com/articles/investing/082715/if-you-had-invested-right-after-amazons-ipo.asp


the best growth stock is actually apple.

anyway this trust should do very well if you hold LONG term IMO, dont try and trade it. patience is key, unicorns take time to grow.

[marksp2011] 10/5/2018 18:07

Milly17
Look at the fund, the IT has the same starting portfolio

[luckymouse] 10/5/2018 15:09

lots of volume

[luckymouse] 10/5/2018 15:06

Better than that i think - BG are top draw

re woodford, some of his holdings show up in my short screen - not sure if its a scam or he's bit unwell?

[milly17] 10/5/2018 14:45

I hope so, I have bought a few. I will consider adding when I can see the investment choices. I do like BG so a bit of blind faith in them here for the moment.