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  #181  
Old 14.04.2016, 12:29
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Re: Investment fund

Thanks, I share the same strategy buying end of 2008 and selling beginning of 2011 (we thought crisis was over in US...). made indeed good money. Prior to 2008 it was easier to have your money make money. These days I am not sure about politics influencing currency etc etc.

Are you investing in Fundsmith?
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  #182  
Old 14.04.2016, 12:41
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Re: Investment fund

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Thanks, I share the same strategy buying end of 2008 and selling beginning of 2011 (we thought crisis was over in US...). made indeed good money. Prior to 2008 it was easier to have your money make money. These days I am not sure about politics influencing currency etc etc.

Are you investing in Fundsmith?
I own 2 properties without mortgages but have more money in Fundsmith than property.

Selling out of the stock market is always a bad idea if your a long term investor.
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  #183  
Old 14.04.2016, 13:26
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Re: Investment fund

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Thanks, I share the same strategy buying end of 2008 and selling beginning of 2011 (we thought crisis was over in US...). made indeed good money. Prior to 2008 it was easier to have your money make money. These days I am not sure about politics influencing currency etc etc.

Are you investing in Fundsmith?
No Fundsmith for me.Wont elaborate as I don't want the Fatman on my case.

At present I like balanced funds which pay an income .So 50/50 bonds and equities.Then I have Euro government bonds, Swiss property fund and high dividend SICAV equity fund which pay income.This is long term.I prefer to sleep at night.
I also like to have short term investments with commodities like gold and high risk equity funds.Sometimes with gold its easier to time the market i.e. around Chinese New year when demand is high.

Last edited by MarkH; 14.04.2016 at 13:54.
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  #184  
Old 14.04.2016, 13:59
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Re: Investment fund

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No Fundsmith for me.Wont elaborate as I don't want the Fatman on my case.

At present I like balanced funds which pay an income .So 50/50 bonds and equities.Then I have Euro government bonds, Swiss property fund and high dividend SICAV equity fund which pay income.This is long term.I prefer to sleep at night.
I also like to have short term investments with commodities like gold and high risk equity funds.Sometimes with gold its easier to time the market i.e. around Chinese New year when demand is high.
Good luck with that strategy V Fundsmith over 5/10/15/20 years. You won't be retiring early, but no doubt you enjoy work too much to ever stop.

I don't want income as it's taxable, I want capital gains which are tax free, it's amazing how your thought process could be so different.
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  #185  
Old 14.04.2016, 14:21
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Good luck with that strategy V Fundsmith over 5/10/15/20 years. You won't be retiring early, but no doubt you enjoy work too much to ever stop.

I don't want income as it's taxable, I want capital gains which are tax free, it's amazing how your thought process could be so different.
If you read my previous posts you'll see I retired 3 years ago.
My strategy is income and growth.So even if the value goes down I still have the income.So no plans to sell.Income does not have to be taxed depending on where you are domiciled.
Ever heard of the PT concept? Perpetual Traveler,Previous Taxpayer or Permanent Tourist?
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  #186  
Old 14.04.2016, 14:30
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Re: Investment fund

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If you read my previous posts you'll see I retired 3 years ago.
My strategy is income and growth.So even if the value goes down I still have the income.So no plans to sell.Income does not have to be taxed depending on where you are domiciled.
Ever heard of the PT concept? Perpetual Traveler,Previous Taxpayer or Permanent Tourist?
Yes I have known about the PT concept & bought WH Hill's book about 25 years ago when it was published. Well if dividend payout is cut share prices fall, Bond's also fail & income is not guaranteed as you well know.

I am UK domiciled but resident of Malta, you clearly don't understand the UK definition of domicile that is nothing to do with where you live or where you pay tax. (except for IHT)

Interested to know what happens when a Bank asks you where your tax resident & you say nowhere.
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  #187  
Old 14.04.2016, 14:36
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Yes I have known about the PT concept & bought WH Hill's book about 25 years ago when it was published. Well if dividend payout is cut share prices fall, Bond's also fail & income is not guaranteed as you well know.

I am UK domiciled but resident of Malta, you clearly don't understand the UK definition of domicile that is nothing to do with where you live or where you pay tax. (except for IHT)

Interested to know what happens when a Bank asks you where your tax resident & you say nowhere.
Dont care about the UK tax laws as I am not from there or USA.
Now why would my Swiss banks ask stupid questions? They already informed me I can keep the accounts wherever I live.
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  #188  
Old 14.04.2016, 14:42
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Dont care about the UK tax laws as I am not from there or USA.
Now why would my Swiss banks ask stupid questions? They already informed me I can keep the accounts wherever I live.
Under Know Your customer laws, if they have not yet they will eventually.

You don't live anywhere, which is the problem of a PT........ I spend my time in 3 countries already, so could easily become a PT if I wanted, I think the downside is huge.
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  #189  
Old 14.04.2016, 14:54
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Re: Investment fund

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Under Know Your customer laws, if they have not yet they will eventually.

You don't live anywhere, which is the problem of a PT........ I spend my time in 3 countries already, so could easily become a PT if I wanted, I think the downside is huge.
Dont really want to discuss this further.
Enjoy.
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  #190  
Old 14.04.2016, 14:56
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Re: Investment fund

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Good luck with that strategy V Fundsmith over 5/10/15/20 years. You won't be retiring early, but no doubt you enjoy work too much to ever stop.

I don't want income as it's taxable, I want capital gains which are tax free, it's amazing how your thought process could be so different.
If you have enough liquidity that's an obviously strategy, but at some point cash runs out and you need to sell (gained or not) capital, realise your wins (or losses) and take cash so you can pay for stuff.


It is important to remember that if you don't exit your positions there is nothing really gained or lost.
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  #191  
Old 14.04.2016, 15:02
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Re: Investment fund

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If you have enough liquidity that's an obviously strategy, but at some point cash runs out and you need to sell (gained or not) capital, realise your wins (or losses) and take cash so you can pay for stuff.


It is important to remember that if you don't exit your positions there is nothing really gained or lost.
In the end, you need to live off income or capital (whether cash or investments).

IMO definitely makes sense to have a strong income component in retirement to fund day to day living to avoid having to hold capital as cash (which earns little) or having to realise investments which incurs costs and may have unfavourable value when you come to realise it.
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  #192  
Old 14.04.2016, 17:55
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Re: Investment fund

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I own 2 properties without mortgages but have more money in Fundsmith than property.

Selling out of the stock market is always a bad idea if your a long term investor.
Agree. I should have gone in again in 2012 but was too risk sensitive. Also similar I did go in to a few properties which pay a decent and stable return. Now I am timing to go back in equity again and also direct investments in small/growth companies.
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  #193  
Old 14.04.2016, 20:18
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Re: Investment fund

Folks, this is a really interesting thread. Can you please keep the snarky personal attacks out of it? Thanks.
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  #194  
Old 01.07.2016, 10:45
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Re: Investment fund

How have your funds fared through Brexit?

EDIT: Fundsmith wasn't down by as much as I thought, I'd taken different points in time...

Last edited by Phil_MCR; 01.07.2016 at 11:51.
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  #195  
Old 01.07.2016, 10:50
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Re: Investment fund

Fundsmith in has done splendidly, from 240p to almost 270p today.
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  #196  
Old 01.07.2016, 11:17
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Re: Investment fund

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Fundsmith in has done splendidly, from 240p to almost 270p today.
Fundsmith in is + 8.3% June & + 16.4% for year MSCI world index in is +7.7% / + 11%

Euro results - 0.1% June +3.4% for year. MSCI world index in Euro is - 0.9% / - 1.6%

Very credible performance in a volatile market.
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  #197  
Old 01.07.2016, 11:36
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Re: Investment fund

I'm not complaining.
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  #198  
Old 01.07.2016, 12:19
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Re: Investment fund

Just started a Fundsmith last month and very pleasantly surprised with the return.
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  #199  
Old 01.07.2016, 12:37
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Re: Investment fund

Should be even higher today after the drop of the today and yesterday's rally.

FMF are you trading this at all, like selling and buying back in through their platform or just adding all the time?
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  #200  
Old 01.07.2016, 14:17
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Re: Investment fund

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Should be even higher today after the drop of the today and yesterday's rally.

FMF are you trading this at all, like selling and buying back in through their platform or just adding all the time?
I will over time add to my holdings in Fundsmith as other investments get sold.
I don't intend to actively trade Fundsmith, as almost certainly I will loose money in doing so. I plan to hold foera very long time. The shares they hold will always do well in uncertain times, which is about 75% of the time, in the other 25% of the time they will do adequately well. The thing is you only know if your in either a good or bad time is by looking backwards after the event.

I generally hold any cash as USD as historically I made my money on the US markets & comparatively little anywhere else. I bought most of my USD's at 2.00 to the & have never looked back. At the time popular opinion was the USD was dead & the Euro was going to replace it as the Worlds reserve currency. I mainly invested in Berkshire Hathaway at that time.
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