Is it likely that any of the Baillie Gifford funds will recover any of the 30-50% loss they've experienced over the last 18 months or so?
Seems to me that I could have made better investment decisions by interpreting the pattern one of my more explosive farts leaves in the toilet bowl.
18 months is too short a time period to assess investment performance.
Are you referring to SMIT specifically?
We've just done this on another thread....
But after years of stellar growth they've tanked a bit.
Just have to wait it out now.
Don't worry, they've paid themselves a spectacular amount as usual and the Hermitage of Edinburgh Real Estate prices are still mega high, plenty of pools going in that you are funding. They don't lose sleep over the market performance.
https://singletrackworld.com/forum/topic/baillie-gifford-stick-our-flip/
I was asking myself the same thing a while back.
Didn't sell and have stuck with all my BG funds including SMT.
Just had a look and all of them seem to be up a bit (for today at least).
They seem to be slowly regaining some ground, probably going to take a while.
Unless you think the underlying companies are doomed, there's not much point in getting out now, all you do is crystalise a paper loss into a real one and then you need to try a pick a stock on the up to try and make back the losses (which is far from trivial).
Last year they were all “GOAT”!! They got overpriced, and now overcorrected imho. I’m holding on for the longer term.
Invest and forget other than looking at annual statements - unless the investment gets on the fast track to ratshit but market research
and careful analysis before investing will largely prevent that.
I have a lot in there for my pension as a result of a work SIPP. As it current stands, this has added £63k to my pot through the investment process.
OK so it was £90k, but I have a minimum of 7 years, a more likely 10 years and maybe even 17 years before its needed, so I'm leaving well alone for now.
unless the investment gets on the fast track to ratshit
They're funds so highly unlikely all the underlying companies tank, but sentiment can turn against growth stocks (eg SMT) which seems to be what has happened recently.
Long term we've done very well out of SMT, eg 4x return on my wife's original investment - now dropped to 3x, so still up, just hurts a bit to be down on last year etc.
This is a really good video which sensibly talks about the advantages and disadvantages of active v passive investing. Representing active is Catherine Flood from Scottish Mortgage
link
