Is the Scottish Mortgage Investment Trust a good way for me to buy US stocks? John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK owns shares of and has recommended Alibaba Group Holding Ltd., Alphabet (A shares), Alphabet (C shares), Amazon, ASML Holding, Illumina, Netflix, Shopify, Spotify Technology, Tesla, and Zoom Video Communications and recommends the following options: short January 2022 $1940 calls on Amazon and long January 2022 $1920 calls on Amazon. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. “This Stock Could Be Like Buying Amazon in 1997” The Scottish Mortgage Investment Trust (LSE:SMT) gives UK investors like me §quick and easy access to the best of US tech stocks. So, it’s no wonder its share price has soared this year. The £16bn trust stands out as one of the top UK investment trusts.At the end of October, nearly 11% of its portfolio was in Tesla (NASDAQ:TSLA). Next up was Amazon at 7.3%, followed by Chinese tech giants Alibaba and Tencent. The trust also contains Illumina, ASML, NIO and Kering in its top 10 and has limited exposure to Netflix, Spotify, Ferrari, Zoom, Shopify and Alphabet. As well as these quoted companies, it holds the right to invest up to 30% of its fund into privately-held companies such as Stripe.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…But isn’t Tesla overvalued?While Tesla shares have soared, it’s now operating on a price-to-earnings multiple of 1,159. This means it’s valued at over 1,000 times its annual income. This is unprecedented and some analysts are concerned it’s in an unsustainable bubble. In fact, some say the height of the 1999 dotcom bubble was the last time tech stocks were valued in such a way. That didn’t end well for investors.Nevertheless, Tesla has a massive following and many believe they’re investing in the man with the vision, rather than the electric vehicles themselves. CEO Elon Musk is that man, and he’s a force to be reckoned with. He’s achieved more in his 49 years than even the most accomplished citizens can hope to in a lifetime. And that rumour about Tesla being reminiscent of the dotcom bubble has been circulating for over three years! It doesn’t seem to have worried analysts at the Scottish Mortgage Investment Trust.The Scottish Mortgage Investment Trust is diversifiedPerhaps Tesla will maintain its share price as its loyal shareholders hold with conviction. Time will tell. But if it doesn’t, that would mean 11% of Scottish Mortgage Investment Trust’s portfolio would be negatively affected. And of course, a Tesla demise could have a knock-on effect on other tech stocks.That doesn’t necessarily spell doom for Scottish Mortgage Investment Trust investors. Its holdings are fairly well diversified across countries and areas of consumer interest. Amazon, for instance, continues to look for ways to grow. Wayfair, the furniture retailer is in its portfolio and food delivery firms Delivery Hero and China’s Meituan are too.The Chinese holdings have been doing well and China is emerging from the pandemic relatively unscathed. However, growth here may not be so rapid in the future, as the Chinese government looks to tighten its regulation of the tech sector.Beating the FTSE All-World IndexInvestment management firm Baillie Gifford actively manages the trust. It operates on a five-year cycle, meaning it tries to beat the FTSE All-World Index over a five-year period. This means, even if it has a less lucrative 2021 than 2020, it would still have time to recalibrate and invest in the next wave of momentum stocks. Over the past five years, the Scottish Mortgage Investment Trust has beaten the FTSE All World Index, four years out of five. That’s a pretty outstanding track record.I think investing in it is not without risk. However, it offers me a simple way into international and — specifically — US stocks. And it even comes with a 0.3% dividend yield. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. For regular Motley Fool share tips and help with choosing the best shares to buy now, sign up to the Motley Fool today. Our 6 ‘Best Buys Now’ Shares See all posts by Kirsteen Mackay Kirsteen Mackay | Sunday, 13th December, 2020 | More on: SMT TSLA Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Enter Your Email Address Image source: Getty Images. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. 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