Scottish Mortgage Invest... Share Discussion Threads

[arja] 10/1/2022 15:02

interesting and always a concern when a Trust has a unlisted securities I guess .

[careful] 10/1/2022 13:24

I remember taking a punt on Woodfords Patient Capital.
Supposedly trading at a discount net assets.

Sounded good, but we are suckers if we be believe the quoted valuations of net assets.
As with Woodford and way back Enron, there is scope for exaggeration.
Woodford had assembled a pile of rubbish, prices just picked out of the air.

[arja] 10/1/2022 13:22

oggy,
I think about 10.60 is good chart support area but it could indeed hit your target .
Unlikely to go down in a straight line and should be temporary bounce soon I suspect .

[careful] 10/1/2022 13:19

No money is made or lost until we cash in.

A strange illusion of wealth with some investments.
Up they go on buying, down they go on selling.
Often no intrinsic underlying value.

Amazing how a modest amount of selling can often cause an investment to crash.

What sort of wealth is it that halves if 10% of investors try to cash in their gains.
Better to stick to wealth creating companies that make profits and pay dividends.
Who cares what the share price is when money is being made, as a shareholder we own it

[lord loads of lolly] 10/1/2022 12:28

SMT trading at a discount is nothing new. Over the past 10 years, SMT has fluctuated between about a 5% premium and an 8% discount: It's currently around a 4% discount to Friday 7th's NAV. I've a buy limit order in place if it falls another 4% (having top-sliced at just above £15 and again just above £14). SMT suffered a similar tumble last winter when analysts predicted value shares were about to take over from growth stocks. Listening to them then would have proved very costly. Whilst there are more reasons now why they might have a point, I still think SMT will be amongst the long term winners.

[oggyrocks] 10/1/2022 12:17

I got out last week. Will keep an eye and look to get back in maybe sub 10.

[arja] 10/1/2022 11:49

now trading at a discount to NAV and shows what market thinks as nasdaq only down a bit since physical close on friday .

[arja] 10/1/2022 11:30

not smart saltraider but maybe you think that a paper loss is not a real loss - it dam well is for a few reasons and getting out early when chart shows a topping out is the best way. You can always re-enter at some point as legal to do so ! :) .
hammered again today as nasdaq futures slips back and short term downtrend still.

[saltraider] 08/1/2022 18:23

@careless I am quietly composed, thank you very much. And so I will remain. I take a long-term view.

[careful] 08/1/2022 14:58

Much of the crazy pricing was has been caused by passive investing, trackers and ETF's.

If the index is to be tracked then more and more investment must go into Apple to maintain the weighting.

[careful] 08/1/2022 14:41

The Warren Buffett approach seems to be out of fashion.
Buffett used to value companies, judge their future prospects and earnings and hold for a minimum of ten years, possibly for life.
He was a disciple of Benjamin Graham who defines value.

How things have changed recently.

Every share halves and doubles without exception, even boring ones.
High frequency trading, momentum investing, trend following, technical analysis.

Investors these days trade the curve, they do not even want to know what the underlying company does, nothing to do with it.

Nick Train, a respected fund manager said how difficult it was.
Unilever was up 2% after good results, Tesla up 40% in 2 weeks, he despaired.

[septblues] 08/1/2022 12:49

careful - with value stocks, the trick is to get out when ahead. There's a long list of value stocks that aren't with us. ESG will force the departure of many.

[dexter1612] 07/1/2022 22:15

Over the last 15 years of which I've been invested here, I've top sliced twice, beginning and end of last year. It pays to hold your nerve. You will never get returns like most long term holders of SMT have, from non tech growth stocks, it's just a fact of the market and society. They provide scale and network effects that other markets don't have, this is where all the money comes....its about timing and time in.....have a plan, have a time frame and stick to it.

[gurunostradamus] 07/1/2022 21:42

There is an outside chance that this will drop 200p each week for the next two weeks! So the target being 800p to buy back in.

[careful] 07/1/2022 21:34

It is holders losing their nerve and selling that causes equities to fall.
Opposite to on the way up.

With growth stocks, mostly unprofitable, the trick is to get out when ahead.

The gamblers mentality;
He can never leave the table when he is on a roll he wants more.
He can never leave the table when he loses, he went to get it back.

salttader's quote will haunt him in the future;

'I am somewhere between 2 and 3 bagger here, very relaxed.'
Oh Dear.
'Tell us again how grandad lost his money grandma'.

[dexter1612] 07/1/2022 21:18

Same situation, saw it same time last year, similar advice, buy value blah blah.I've held SMT for over 15 years and made a mint by holding and having faith in with a longer view, it paid off go figure, it's not difficult. Just need conviction in the holdings and something that modern society seems to lack in abundance.....patience. We are in the digital age.

[saltraider] 07/1/2022 20:24

'Move along. Nothing to see here'

So ... I am somewhere between two- and three-bagging on SMT. I'll continue to hang on in there as a long-term holder, thank you. Very relaxed.

Even quite pronounced short-term swings in the SMT share price are of very little significance to me. Seen them before. Expect them again.

[basstrend] 07/1/2022 18:09

SMT article in This Is Money,

Scottish Mortgage Investment Trust shares are down 8% since the start of the year: What's happened and should investors act?

[arja] 07/1/2022 15:48

what to say except ignore the chart at your peril . I use charts to make money by
trading CFDs and heaps at times , eg banking stocks performing today due to higher bond yields - not rocket science !

[dexter1612] 07/1/2022 15:25

Pretty abstract,I'm clearly not bright enough to get it though.

[arja] 07/1/2022 13:56

scrabster ,
I am talking about the chart of any share and includes investment trusts . Never useless to look at the chart which shows a clear downtrend for some time and next best thing to a crystal ball :) . Nasdaq weakened after US figures as US bond yields rose and hence SMT suffering . The physical US markets opens in 35 minutes and that will
probably determine what happens here .

[careful] 07/1/2022 13:50

Moderna, SMT's largest holding has halved over the last few weeks.
Momentum can be cruel when it changes direction.
The problems come when everyone tries to bale out at the same time.

Boring is good for 2022.
Look for value, yield and earnings.
The worm has turned.

[scrabster1] 07/1/2022 12:10

Https://www.dailymotion.com/video/x3whqx

[dexter1612] 07/1/2022 10:28

We've been here before!