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The Scottish Mortgage Investment Trust (LSE: SMT) is a growth share with enormous potential. It’s up 33% over the last year and 70% over two, but it can be hugely volatile too.
It was hit hard in 2022 when post-pandemic enthusiasm for tech stocks swung into a sharp reverse. The Scottish Mortgage share price fell in half that year. I took advantage and bought it for my Self-Invested Personal Pension (SIPP) in 2023. I’m up around 65% since then.
Blue-chip rocket
Today, the trust’s top 10 holdings include big tech names such as Amazon, Taiwan Semiconductor Manufacturing Company, Meta Platforms and Nvidia, alongside smaller quoted and unquoted companies and private equity holdings.
The trust’s largest single holding, at 7.8% of its £15bn portfolio, is Elon Musk’s privately-owned Space Exploration Technologies, or SpaceX. For investors, that brings risks and potential…
