scrumpyjack wrote:Dod101 wrote:Scottish Mortgage is not without risk, in fact I daresay that it is much more risky than many shares. I have since 1 January extracted first 15% of the 1 January valuation and since then another 15% of the same valuation just to protect the gain. It is still my biggest holding and I intend to let it run now.
OTOH, talking of risk, HSBC has proved to be by far the worse risk. At 1 January, its shares were quoted at £5.91, now £3.79. The corresponding figures for Scottish Mortgage are £5.79 and £7.30. I was hoping to sell some HSBC at something over say £4.50!
Dod
I really don't think is 'much more risky than many shares'. Their largest holding is Tesla at 11%, followed by Amazon at 9.3%. Then lots of other companies which each represent 5% or so of their portfolio. In other words it is spread over a number of very successful companies. One can't equate buying shares in an investment trust like that with the risk of buying shares in a single UK company. One could argue that Tesla could well go pop in due course but that is only 11% of their portfolio (coincidentally about the same percentage as Mr Darwell's fund held in Wirecard!)
I have never sold any SMT with the result that it is rather a large part of my total portfolio. I will let it run.
As of today it is my biggest holding and when I top slice it is to transfer some funds into dividend paying share (of which despite the gloom and doom there are still quite a number) That is the intention with my growth portfolio.
Dod