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Old 04.07.2019, 13:08
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Horatio Gonzales Horatio Gonzales is offline
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Re: Question regarding Fundsmith

@FMF,
in a very early post on this thread you justified holding via LH as they transact quickly so allowing you to remain/return to the market rapidly. I get this part.

In the same post you wrote about selling FS in late March buying into the train fund for a while & then buying back into FS in April. You related this series of transactions to CGT mitigation/elimination.

So now to my question...I have a rebasing planned for sometime in the next ~12 months for CGT mitigation/elimination reasons also. I had planned to sell out of FS on lets say a Monday & buy back in on let's say Tuesday without an intermediate purchase of other assets in between. To your understanding there must be a purchase of a different Asset in the middle of the FS sell & FS rebuy transactions?

I hope the above makes sense & thanks for sharing your experience.
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