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Old 13.10.2015, 12:42
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Re: Credit/Debit Card in GBP given Swiss Residence + Bank Account

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Over the last 5 years the Euro has weakened V so clearly the return in Euros will be higher
Well if you started off with GBP bought Euros and then bought the fund in EUROs your performance would be lower as you would have bought the EUR at a high. Similarly your performance would be lower if you started off with CHF.

Anyway if you're gonna brag might as well get your figures right.

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40 year compound return of the class of assets Fundsmith invests in exceeds 15% it's nothing very complicated. 'Buy toothpaste manufactures as only 40% of the worlds population brushes their teeth' Loads of potential for growth & high profits make for 2 sell for 5. During a recession people still brush their teeth.

Here is a 30 year comparison, this is why I prefer stocks over property. I suspect maintenance / refurbishment costs over 30 years are not accounted for. Starting in 1985 so the major crash in 1987 is included.
I don't see the fundsmith included in your table.

I think no-one is saying that this fund is bad. They obviously had a good run. But so did other funds / ETFs / companies. Maybe not to the same extent but it's difficult to measure how much luck played into their hands. It's difficult to outperform the market by so much for so long. I also can't see their performance net of fees. (Please post a link to where I can find this)

Compare to Berkshire Hathaway. Performance of nearly 200% since 2003.

S&P 500: 150% since 2003.

So I wouldn't be pushing this as a be all and end all fund of all times.
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  #42  
Old 13.10.2015, 13:08
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Re: Credit/Debit Card in GBP given Swiss Residence + Bank Account

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Well if you started off with GBP bought Euros and then bought the fund in EUROs your performance would be lower as you would have bought the EUR at a high. Similarly your performance would be lower if you started off with CHF.

Anyway if you're gonna brag might as well get your figures right.



I don't see the fundsmith included in your table.

I think no-one is saying that this fund is bad. They obviously had a good run. But so did other funds / ETFs / companies. Maybe not to the same extent but it's difficult to measure how much luck played into their hands. It's difficult to outperform the market by so much for so long. I also can't see their performance net of fees. (Please post a link to where I can find this)

Compare to Berkshire Hathaway. Performance of nearly 200% since 2003.

S&P 500: 150% since 2003.

So I wouldn't be pushing this as a be all and end all fund of all times.
Base currency of the investment, so it's reasonable to quote the return in the base currency. Plebs can deal in & Euros so that's the currencies I quoted.

Fund smith has not been running for 30 years, However Terry Smith was making the Headlines for more than 30 years......

Berkshire Hathaway has produces 19.7% compound for 50 years in USD terms, buying to hold rather than day trading like other funds.

Berkshire Hathaway is my current 2nd biggest holding with Apple down to 3rd place from 1st Place 2 years ago.

I think Berkshire Hathaway poses significantly more risk than Fundsmith, from a potential major insurance insurance loss. The market will take fright when Warren dies, this should be a major buying opportunity. I don't want to hold my full stake yet as I believe there will be better opportunities to pounce. When the financial markets crashed in 2008 Berkshire's share price increased V the market, then if fell 50%, timing buying a single stock is important. I have held Berkshire for over 10 years both increasing & decreasing my holding several times.
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  #43  
Old 13.10.2015, 13:17
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Re: Credit/Debit Card in GBP given Swiss Residence + Bank Account

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Base currency of the investment, so it's reasonable to quote the return in the base currency. Plebs can deal in & Euros so that's the currencies I quoted.
Plebs?? ha ha

I thought the fund was denominated in EURs? At least the one launched in November 2011 is, which I assume is when you bought it.


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Fund smith has not been running for 30 years, However Terry Smith was making the Headlines for more than 30 years......
I'm not much into funds so can't say I've heard of him, but I will take your word for it.

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Berkshire Hathaway has produces 19.7% compound for 50 years in USD terms, buying to hold rather than day trading like other funds.

Berkshire Hathaway is my current 2nd biggest holding with Apple down to 3rd place from 1st Place 2 years ago.
I'm not a big fan either, mainly because @ $200k a pop it's kinda out of my price range.
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Old 13.10.2015, 13:24
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Re: Credit/Debit Card in GBP given Swiss Residence + Bank Account

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Plebs?? ha ha

I thought the fund was denominated in EURs? At least the one launched in November 2011 is, which I assume is when you bought it.

I'm not a big fan either, mainly because @ $200k a pop it's kinda out of my price range.
The main fund is GBP, the feeder fund is in Euros.

BRK.B closed at $133.35.
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  #45  
Old 13.10.2015, 14:21
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Re: Credit/Debit Card in GBP given Swiss Residence + Bank Account

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The main fund is GBP, the feeder fund is in Euros.

BRK.B closed at $133.35.
Thought you were talking about the A share!
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