I’ve doubled down on SMT in the past couple of years as I hope to hold it for the next 30/40 years.
I wouldn’t want to hold a company like AUR directly. SMT offers more of a margin of safety as you can effectively buy £1’s worth for nearer 80p currently.
Oooooooweeee rehpot 40 years we have a young pup here 
I’m not that young but SMT’s a position I hope not to sell until I’m gone. I’d like to pass that money on.
As @Dave rightly points out in another thread, it’s dangerous to double down. Usually, as the adage goes, it’s better to pull up the weeds than water them.
This is so important for uber-risky investments such as small mining companies which could as easily go kaput as strike gold and speculative growth companies like Aurora.
While SMT’s a relatively big gamble for me, it’s a calculated one that I have a lot of conviction in because the trust has a truly long-term outlook and I’m not far from being in the green.
Anyone have any thoughts on this now? I’m recently in. Some superb established companies in the portfolio (anyone who bought Amazon in 2005 must know a thing or two) and - intriguingly - some
interesting private positions. It’s one of the most traded
Investment funds so surprised less chatter!
Scottish Mortgage’s my biggest holding by far outside of passive trackers because it has many of the companies I would want to invest in individually such as ASML, NVDA, MELI and more.
I’ve held all three of those before and sold due to concerns they were overvalued. I find it far easier to simply buy and hold SMT as a way of mitigating against myself.
Plus, SMT’s been on a big discount to NAV in recent years. I’m wary of overpaying for stocks like TSLA, AMZN etc but you can effectively buy them for about 85p in the £1 via SMT right now.
I like that as a margin of safety and the trust has a 90%-plus “active share”, meaning its holdings differ from the index substantially so it gives my portfolio a tilt in the direction I want.
SMT’s fees are relatively cheap too, considering it’s actively managed and gives access to SpaceX, Stripe, Bytedance, Northvolt etc which you’d struggle to invest in elsewhere.
Aiming to pick a handful of the stocks that drive the biggest long-term gains out of the haystack is a risky strategy, but I like the laser focus on the future and how SMT tries to ignore short-term noise.
While volatility is to be expected, a look at the past few years shows SMT’s not for the feint-hearted…
Thanks, I’m in the same boat I think - 99.5% in vanguard funds. But, for me, that’s a pension 10 years away (minimum!) so it’s nice to dabble! I’m basically in SMT, TRY (property), MRCH and UKW. I think only 2 of those 4 are on this platform, but worth a tickle!
I bought a load of TRY during the Truss budget fiasco but recently got itchy fingers and sold it to bag a decent short-term profit.
There’s a lot to like about the trust but I’m unconvinced I need/want property exposure beyond all the Reits captured by my passive trackers.
MRCH is on my to-research list. As much as I like the look of UKW, I’m sticking to equities which I think will outperform infrastructure longer term.
Board Announcement: Scottish Mortgage makes available at least £1 billion for
buybacks over the next two years.
• The Company’s public and private portfolio is delivering strong operational
results.
• Over recent months, the Board has further strengthened the Company’s
balance sheet.
• The Board has now decided to make available at least £1 billion for buybacks
over the next two years.
Now that’s what I call a buyback programme, a big step in the right direction.
It seems to be well received with shares up 4% today and pushing through the £8 barrier.
I’d like to see SMT dispose of one or two private positions to give markets confidence in the valuations of its unquoted holdings.
Northvolt’s IPO could provide a tailwind too.
Not sure how to feel about this. It may be what prompted the buyback and I suppose it’s a good thing in some ways, if so.
It’s been interesting to see Burns and Slater starting to put a stamp on the portfolio.
It seems they’ve been rationionalising, reducing the number of public holdings to nearer 40.
A good number of the more racy stocks like Carvana and Lilium have been sold.
Exposure to China’s been cut back with Tencent and Nio gone. PDD and Meituan remain, the former fell 30% on results recently.
I no longer hold the trust though, party because of the private holdings and the sluggishness in making some of these welcome changes.
Got a large holding and am in a bit of profit. Hoping a few interest rate cuts send this North of £10 so it’s a hold for me.
S
lim
I got a limit buy triggered at £7.89 today any good?
