^^ SMT (now 11.5% down today) is Baillie Gifford’s flagship investment trust. Predominantly tech focussed, it’s consistently performed very, very well. It’s largest holding is....TSLA. I hold a bit. To be honest if it drops much more I’ll increase my stake a little as a long term hold but I’m more comfortable with PCT.
^^ SMT (now 11.5% down today) is Baillie Gifford’s flagship investment trust. Predominantly tech focussed, it’s consistently performed very, very well. It’s largest holding is....TSLA. I hold a bit. To be honest if it drops much more I’ll increase my stake a little as a long term hold but I’m more comfortable with PCT.
Largest holding is TSLA...that's all I need to know about that Trust then...
It was always going to pull back as some point. I guess if you have doubled your money over the last 12 months with these BG trusts/funds then it is not sooo bad.
Indeed. If TSLA etc tank again this afternoon, I might top up on SMT. That’s why I like trusts, you decide your buy / sell price rather than the fund manager.
see post above. you have missed out badly if you don't hold any Baillie Gifford. I notice SMT has grown 410% over 5 years, so a pullback like we are having now it is not such an issue... it is the latecomers to the party who might get stung a bit.
Just beware of the spread when you try and sell. probably OK with well known trusts like SMT, but with less well known ones, you can get stung.
I love this!
Tesla’s share price is now directly tied to the value of bitcoin, analyst says
https://www.cnbc.com/2021/02/23/tesla-and-bitcoins-value-are-now-linked-analyst-warns.html
Anyone got any recommendations for a good managed stock ISA? I don’t want to get involved with managing/buying/selling etc, so something simple and ideally not too UK-centric. I’ve already got some savings in a managed building society account which is split across various Fidelity products, and I’ve been very happy with that so far, it has done way better than cash. I’d just like something similar elsewhere to park a bit more money and spread-bet a little. Any pointers?
It’s a tinderbox. An amazing story really, particularly when half of it has zero intrinsic value or assets.
TSLA dropping like a stone.
I guess it's P/E is only what 1000 now!!