Investing in exclusive promotions – reviews

Like us, Bailey Gifford considers argenks an exceptional European value. These stocks are stored in the portfolio for a long time.

Asked by L’Echo (published online on April 20), Stuart Dunbar, partner of Baillie Gifford, an independent Scottish asset manager, said: “It would be better if stock markets opened only two hours a month.” It would be a nightmare for all financial media, our editorial office immediately thought. Because most of what we write comes from our observation of prices. However, Stuart Dunbar’s message obviously did not escape us: too many investors, but many more fund managers, do not think …

Asked by L’Echo (published online on April 20), Stuart Dunbar, partner of Baillie Gifford, an independent Scottish asset manager, said: “It would be better if stock markets opened only two hours a month.” It would be a nightmare for all financial media, our editorial office immediately thought. Because most of what we write comes from our observation of prices. However, Stuart Dunbar’s message obviously did not escape us: too many investors, but still many more fund managers, think only in the short term and buy and sell too quickly. At Baillie Gifford, we have been shareholders for many years, if not decades, because it requires investing in the best (European) growth stocks. Bailey Gifford for over a century. When the credit crunch erupted, the trust was founded in 1908 in Edinburgh by Colonels Auguste Bailey and Carlisle Gifford to borrow rubber plantations in Malaya (then Britain). The trust later began investing in the stock market. He made a name for himself a few years ago when he entered the capital of Argenx, which was not yet the flag of Belgian biotechnology. He also participated in the company’s latest capital increase. Given his enthusiasm, Bailey Gifford clearly sees, as we do, argenx as a European company with strong long-term growth potential. Moreover, he invests only in stocks that he considers exceptional. As you know, we like to save money when we think that a stock market correction is likely. However, we do not part with all our promising names. Return to argentx. We have been holding promotions since July 15, 2016. Then they cost 13.25 euros. And although they cost up to 300 euros, the model portfolio is still invested in the company, and will remain for several years. Of course, we regularly took profits to balance the portfolio. Since 2018, we have received a profit of € 15,700 on an initial investment of just under € 2,000. Stocks that are still in stock now cost six times as much as the day we bought them. If we did not sell anything, today the weight of silver in the portfolio would be 23.3%. In particular, due to the uninterrupted presence of the stock in the latter over the past six years, its effectiveness has been able to exceed market. We could not better illustrate Bailey Gifford’s philosophy. Long live Argenx, but also ASML Holding, Lotus Bakeries and many other stock market champions!

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