FTFY. It pays to choose your dividend-yielding stock wisely.

As Swiss tax resident, your liable to taxation on worldwide income. What dividend yielding stock would be tax-free, to a Swiss resident?.

I was not talking about dividends subject to withholding tax.

It looks like FS bought FB at the wrong time

I bought some when the fell on Friday in my mirror, portfolio. Interested to see if it's a top 10 holding at the end of the month. No idea what their average buy price was as they don't announce new holdings until they have their position.

Apparently it is https://www.fundsmith.co.uk/fund-factsheet

yeah, it is maybe the first position that I question in the FS portfolio

That's last month.....

Would you mind expanding on this?
No debts, high growth, wide moat (FB platform, Whatsapp, Instgram, etc.), cheap compared to the market...

The problem with FB is similar to what the problem with AAPL is: it's highly emotional for a lot of people.
Those that use it and like it can hardly think of a world without the products of these companies.

FS likes these kinds of companies because - in their view - when people view something as essential, they'll choose spending for it over other goods and services in case their disposable income shrinks and that's why they're invested in booze and smokes, among others.

But is FB the same? Is AAPL?

I'm not invested in FS (or anything - for too emotional and biased for that...would be a zero-sum game...at best).

Anyway. My view has always been and still is that Facebook doesn't really provide any value beyond what they built technology-wise (datacenters, massive scaling, OCP etc.pp.). Not for the users and - if everything followed the law to the letter - not for the advertisers.

When the advertisement-money stops rolling it, there's little value left. And ad-dollars are quite shy as we've seen in the last months.
Also, the user-numbers that FB reports - nobody can really verify them. Esp. the number of "active users".

Obviously, somebody @FS totally drank the FB Kool Aid and thinks differently. Good luck to them.

It's totally reliant on ad money.
Business-model is questionable at best, esp. considering recent legislation (GDPR etc.pp.).

Ask yourself and your FB-friends, how much they'd pay for it.

I can have animated gifs of cats and dogs on reddit and imgur, without giving away all my personal data.

Well, revenue must come from somewhere, right?
If my memory serves me right FB has ~50% yoy revenue growth.

Yes, but that was while probably everybody (every advertiser who wanted to) was able to leach almost all data of most users.
It will be interesting to see just how much advertisers are going to pay once that level of access is no longer available.

FB's revenue grew so much because it could offer even more data to the advertisers than Google - and that really says something.

I think that may not be accurate -- FB changed the rules a couple of years ago already. We'll see whether Mr. Smith is right

I’m really excited about the potential IPO of a digital Signature company called DocuSign.

Rumour has it that they are about to go public within the next 6 months.

Apple wins the race to 1 Trillion!

well, not really: https://markets.ft.com/data/equities...ary?s=6501:TYO

Granted, Hitachi is a conglomerate.

My bad, it's JPY

It's 1/3 value of Apple as far as I can make out.

The FB on its way to recovery. I’m glad I bought it for $116 a share two years ago.

Had to recreate the portfolio due to google portfolios shutting down:



My own investments changed quite a bit too:

AMD
FeverTree Drinks
Walmart
PM
Tencent
BP

AMD was a rocketship and propelled its way to #1 spot as analysts finally cottoned on to what was happening and the potential opportunity for AMD. managed to buy at around the $9-$10 mark but only half of what i wanted to. easiest trade i ever made, doubling in 3-4 months.

Congrats! I must admit you are not afraid of roller coasters, are you? I am talking about AMD, PM and Tencent for example