stock market crash

**BR14** · 6th November 2020, 21:41

Originally Posted by _V_

We await with baited breath.

what are you fishing for? air?
English not your strong suit then.

**BABABlackSheep** · 7th November 2020, 08:13

Incredible stock picking.. James Anderson.

Scottish Mortgage has defied the gloom in 2020 and has seen its net asset value rise by a staggering 76% since the depths of the sell-off at the end of March. That compares to a 24% increase in the FTSE All World Index over the same period. Those stellar returns are also evident over the long term, and the fund’s NAV has grown by 340% and 674% over five and 10 years, versus a 96% and 181% increase in its benchmark.
“Over the long run, stock market returns are driven by a small number of exceptional companies. The progress of such companies is rarely smooth or linear, they have breakthroughs and they have setbacks,” says Anderson. “When we believe we have identified an exceptional company that is pursuing a large opportunity, we look beyond this cycle of feast and famine.”

**Whorty** · 7th November 2020, 09:07

Originally Posted by BABABlackSheep

Incredible stock picking.. James Anderson.

Scottish Mortgage has defied the gloom in 2020 and has seen its net asset value rise by a staggering 76% since the depths of the sell-off at the end of March. That compares to a 24% increase in the FTSE All World Index over the same period. Those stellar returns are also evident over the long term, and the fund’s NAV has grown by 340% and 674% over five and 10 years, versus a 96% and 181% increase in its benchmark.
“Over the long run, stock market returns are driven by a small number of exceptional companies. The progress of such companies is rarely smooth or linear, they have breakthroughs and they have setbacks,” says Anderson. “When we believe we have identified an exceptional company that is pursuing a large opportunity, we look beyond this cycle of feast and famine.”

Someone is going to have to explain to Scooty what NAV is

**BABABlackSheep** · 7th November 2020, 09:22

Originally Posted by scooterscot

From fees of Bitcoin but / sell transactions?

1.76% it makes on buying BTC, but also makes a small % on the difference(1-4%) between exchange and investor prices. Owns some BTC as well. Sounds a bit like cheating to me.

It’s one of those companies..up 180%+ this year, but realistically would anyone be stupid enough to invest a lot in the first place and then hold onto profits?

It’s a hold or sell to me now on a small investment.

**BABABlackSheep** · 7th November 2020, 09:30

Originally Posted by Whorty

Someone is going to have to explain to Scooty what NAV is

Lol harsh..who cares looking at charts, probably confuse him.

Reason I like these guys is they aren’t scared of taking profit.

They have sold of some of their Amazon stock recently(so did Bezos) and sold all of their Facebook stock, which I like as well because I can’t stand Facebook and my kids tell me its toast now with the younger generation.

NAV is why I like Investment Trusts, you know that the price you are paying is based around the companies they hold and risk is mitigated by holding 50-100 companies. Ultimately(SMT) is doing so well because they have 30% available to purchase unlisted companies and they are picking very well. Will it continue..who knows, but as the trust has been around well over 100 years, can’t say they are novices.

To balance though..if Tesla goes under, and tech crashes, the price will drop a lot.

Scooter won’t like the managers as they are looking for value in Chinese companies and we all know about the commie debt bubble