I'm not hugely worried about it, like I would be if it was just one single company it was all invested in. Then things really could go wrong. But, with SMT being made up of about 65 of the biggest and best performing global companies, I know it'll come back and go well beyond 1300p. James Anderson and Tom Slater have a great track record and are sticking to their methods like they always have. The fund also uses gearing which makes the ups and downs bigger.
My real issue is with myself, firstly, being so daft as to put around 50% of my pot into a risky fund like SMT. Secondly, for not selling all or at least half of it two Friday's ago when I logged into HL to do exactly that.* And thirdly, for missing the opportunity (again) to time the market and buy back in at this lower level, which was my plan from the outset.
So the lesson has been well and truly learned, on my part, in the last 12 months........ Time in the market is most definitely a safer method than trying to time the market. Mr Montello reiterated that to me about 3 months ago. But I thought I could do better. Nope.
*I partly blame HL and the market makers for this. When I tried to sell my SMT holding, the app wouldn't allow any sells that were bigger than about £1500. I remember panicking on that day and posting about it on here. If my sell had just gone through at 8.05am that morning, I wouldn't be in this mess now.