Scottish Mortgage Invest... Share Discussion Threads

[hazl] 01/9/2024 16:00

Thanks QP I thought it was 12% but I am not trying to talk anything down just observing and trying to draw conclusions.
I would agree that, in general, it is looking bullish for now.

IMO

[quepassa] 31/8/2024 15:34

"Even after the sale, Berkshire's $90.6 billion remaining Apple stake is its largest by far."


Apple still approaching an enormous 10% of his total trillion dollar fund.

Apple and others:-

Portfolio re-balancing
Risk management of outsize positions
Regularizing portfolio weightings.
Locking in profits.
Exiting underperformers.



See fascinating table below of purchase price/holdings/share price.

hXXps://www.gurufocus.com/guru-portfolio/Warren%20Buffett/AAPL

BH have sold significant holdings in Apple before and subsequently bought back.


It is an URBAN MYTH that BH never sells anything.

They do. All the time.


ALL IMO. dyor.
qp

[hazl] 31/8/2024 09:58

Assuming it isn't a temporary reduction in rates.
I'm not sure it is.
Agree though it would give a relief or boost to stocks initially.

Why do you think Warren Buffett has sold off some of his stocks to that degree?



Rather interesting link above.
He has bought some stocks .

[quepassa] 31/8/2024 06:55

-Berkshire Hathaway hits a trillion dollar market cap for first time.

-Amazon soars near 4% in yesterday's session on satellite business build-out news.
(5.7% ScoMo portfolio holding/4th. largest )


-When interest rates start the downcycle, historically this is very good news for corporate earnings and points to a stock market upcycle. Frequently a strong upcycle.


all imo. dyor.
qp

[hazl] 30/8/2024 20:11

I wrote the above in stages and hadn't seen your last post.
Things become clearer now.
Well done on some of your sales but clearly you are talking about your own situation when using general terms before.

I understand the discomfort of losses we all do but sectors do go up and down.
Modena was all about covid of course those stocks will go in waves.
The trust doesn't work exactly like a trader.

Anyway as I said people have to do what's best for them.
I sense some trouble ahead with stocks.
Politics is all over the place.

Good luck folks whatever.

[hazl] 30/8/2024 20:03

Steeplejack, you forgot to put in your opinion.

Your words...

'they’re reluctant to realise a loss'.

People have bought at different times, of course and I have actually been in profit for some time buying under 800.

However, I have been honest that it was only a toe at that point and had not added, not because of any perceived failings in SMT or it's varied holdings, but more because of likely volatility in the general market.
That of course is due to many reasons.


Your words...
'ever admit its screwed up a holding or does it just kick the can down the road '

Each word and phrase, seeking to put down and disparage.

Investment might have changed, people might want a quick fix but businesses and especially new industries, are not like that,some take time to build, and to realise value.
And yet here we are with SMT having picked up early on NVDIA!
It has been a wonder stock!

Yet I believe the article I have seen that feels it will continue to invent itself as very good companies sometimes seem to do.
I will admit I don't understand fully their selling strategy but I do understand they might not have seen anything better, to replace it, if they did part with some purely because of a sector thing, or growth slowing.
Again if they are good at achieving growth in different areas then perhaps SMT know more than we do?

I don't know I'm just throwing it out there.
I am not here to persuade or discourage.... which you seem to be doing... because sometimes there are downturns in the market that affect most stocks.
I do believe, however, that over time, SMT have a canny way of picking good stocks have researched advisors and an expertise that many of us might not.

I think though that people must make up their own minds as our circumstances are all different.

Difficult times.

IMO

[steeplejack] 30/8/2024 19:52

If you think that there are better opportunities elsewhere,you should cut your losses and invest elsewhere.Run your profits,cut your losses.However,in reality private investors often hold on until they get into profit creating a pool of stale bulls.Its human nature.That said,the NAV discount/premium to assets considerations clearly dominate all investment trust share price moves but I can’t see SMT enjoying a premium to NAV like it enjoyed some years back.I sold my SMT in my ISAs years back but still hold some in my dealing accounts.My loss making holding in SMT might well get sold to reduce a capital gains liability.Tax losses will become very valuable under a Labour tax regime.For now i hold on.Optimistically,i’m hoping developments in the private company portfolio might give the share price a fillip.I can’t see developments in the listed portfolio giving SMT a meaningful advantage over its peers like PCT etc in the foreseeable future.Not a satisfactory reply i know but i suppose i’m a seller into strength

[caternia] 30/8/2024 19:05

Just to understand is your opinion sell even if you have a loss or hold on? I appreciate the normal standard response do your own homework, but put your cards on the table.

[steeplejack] 30/8/2024 17:10

“SMT, is a really good trust, it’s in the right areas for long term growth. It could be a bumpy road ahead, but for long term investors it’s a hold.”


A hold for many because they’re reluctant to realise a loss.You don’t have to buy SMT to get exposure to the likes of Nvidia.A better proxy would be Allianz Tech or Polar Capital Tech.Neither do these trusts have the rather controversial sizeable exposure to private companies where you have to take SMT valuations on trust.Its the Moderna holding that interests me.Does SMT ever admit its screwed up a holding or does it just kick the can down the road with declarations that is investing for the long term.Very laudable except investment is about opportunity cost and in the last few years SMT has lost its premier status,frequenting the lower quartiles of investment trust performers.

[hazl] 29/8/2024 11:47

I think anything we do has to be tempered with reality.
Who knows?


Jarvy55 reposted
Radar🚨
@RadarHits
JUST IN: 🇺🇸 Warren Buffett sold another $981 MILLION shares of Bank of America.

‼️Buffett now holds $278 Billion in CASH and selling stocks like never before, including Apple.

He's getting ready for a crash...

[hazl] 29/8/2024 10:10

Interesting site haven't had time to fully evaluate but seems to present both sides .

[hazl] 29/8/2024 09:52

Yes even the Nasdaq is showing positive premarket now.



8-)

[hazl] 29/8/2024 07:56

I still wouldn't be surprised to see a turnaround though.

In Nvidia that is but the markets are jumpy.
Fascinating to watch.

[hazl] 29/8/2024 07:55

'Declared by Wall Street to be the world's most important stock, the California-based AI chip-maker led by CEO Jensen Huang saw its share price fall by about four percent in after hours trading.'

from financeyahoo.

[hazl] 29/8/2024 07:53

I am surprised we aren't in positive territory actually with Nvidia doing better than expected.

But I guess it was a mixed bag as growth slowed .

[lord loads of lolly] 29/8/2024 07:11

strawberry - I think you’ll find nobody really cares whether you pay management fees. With the possible exception of you - and que passa.

You’ve made your point, but everyone just blew strawberry a raspberry.

[quepassa] 29/8/2024 05:29

hmmm....


The majority of investors here will be holding SMT in their SIPP's and ISA's - so no CGT either.

re fees - post 3606 refers.

[strawberry alarm clock] 28/8/2024 23:49

You are clueless I don't pay the management fees FACT and even better I don't pay CGT as it's a bet So it's a double whammy over you clueless losers Suck it up buttercup

[hazl] 28/8/2024 08:42

I think Nvidia is a wonder stock and will be a long term success but it will inevitably have it's ups and downs.
B e interesting to see what happens today.









Nvidia


'
That has made it a key indicator for the sector, but analysts warned that if it fails to deliver on its earnings, or just doesn't top forecasts, it could spark a sell-off in the sector.

"This is the one that could either lift all boats or sink the entire fleet," said analyst Stephen Innes in his Dark Side Of The Boom newsletter.

"With Nvidia holding a hefty seven percent of the market cap weight, directional bets were scarce -- no one wants to go all-in when the 800-pound gorilla is about to shake the room.'

[quepassa] 27/8/2024 18:13

1.

but indirectly you do - just like a physical shareholder

....because your spread bet is related to the share price which is in turn a reflection of the NAV. And the NAV in turn is derived from the value of the Trust.

The management fees are taken from the Trust and that's what you are betting on.

So when SMT deduct their rightful ongoing fees/charges etc, that reduces the NAV of The Trust which impacts the share price.


2.

Moreover with a long spread bet you are incurring hefty overnight funding charges which shareholders don't.

3.

As a final point, SMT's charges are very low fees for the sector - I don't think anyone would consider them in any way "ridiculous" as they are so very low.





Nothing at all wrong with spread-betting - indeed an excellent financial instrument in many ways- but it is a PROXY for the physical share and therefore mirrors the share and whatever makes the share move - including management charges.


all imo. dyor.
qp

[strawberry alarm clock] 27/8/2024 17:35

I *bought this share* on a spread bet so I don't pay the ridiculous fees - thanks to you that do

[rogerbridge] 27/8/2024 08:23

I agree Chillpill. Look at Scancell, a UK listed company. First indications based on data from trials underway, would suggest that their cancer vaccines are more effective, and without the need for personalisation.

SMT, is a really good trust, it’s in the right areas for long term growth. It could be a bumpy road ahead, but for long term investors it’s a hold.