Woodford Patient Capital - invest now or after launch?

[mccrackenj]

I'm considering a modest (5-10% of my portfolio) investment into Woodford's new investment trust.

Any opinions on whether to invest at launch or wait to see what the shares trade at afterwards, or just avoid?

[mccrackenj]

Thanks for your reply.

That's basically the way I'm leaning at the minute; given his reputation I suspect there's a chance this might trade at a premium to NAV.

May also hedge my bets, maybe a couple of £k at launch and keep a bit back just in case they trade at a discount sometime soon.