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  #361  
Old 02.06.2017, 10:28
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Re: Investment fund

These guys are often mention in the Swiss press https://www.bwm.ch/front_content.php...3&changelang=2
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  #362  
Old 10.11.2017, 15:26
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Re: Investment fund

So I was about to pull the trigger on Fundsmith today, but I can't get through their online form. Their people don't know why it won't recognise my input. Has anyone had any success with opening an account with them online from CH? In other words, is it a Friday afternoon gremlin, or an intrinsic problem from here?
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  #363  
Old 10.11.2017, 15:30
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Re: Investment fund

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So I was about to pull the trigger on Fundsmith today, but I can't get through their online form. Their people don't know why it won't recognise my input. Has anyone had any success with opening an account with them online from CH? In other words, is it a Friday afternoon gremlin, or an intrinsic problem from here?
I did it though it took a few attempts. I think there is a paper for you can fill in and send.
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  #364  
Old 10.11.2017, 16:15
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Re: Investment fund

Thanks Phil. I'd prefer not to do the paper form - looks like tons of irrelevant pages? The sticking point seems to be a failure to recognise my Swiss tax ID. I take it they do mean the one from the canton tax people and not AHV no.? (Not that either worked)
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  #365  
Old 10.11.2017, 17:01
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Re: Investment fund

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Thanks Phil. I'd prefer not to do the paper form - looks like tons of irrelevant pages? The sticking point seems to be a failure to recognise my Swiss tax ID. I take it they do mean the one from the canton tax people and not AHV no.? (Not that either worked)
you have to sign something in the end, anyway, right?
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  #366  
Old 03.03.2019, 13:51
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Re: Investment fund

As i'm new in Inversting i have a silly question. Let's take as an example PostFinance Fonds 1 Bond. If i had bought 1000 CHF back in 2009 (around 11 pieces) i would have a bit over 1000 CHF as the price didn't increase significantly. Then the divident is around 0.8 CHF every year so in total ~90 CHF over 10 years. With an a expense ration of 0.8% then i would have a cost of about 70-80 CHF over 10 years. Finally my 10 year investement would result if not in loss into an income (or asset increase) of 0 CHF.
So if i do the math correctly (i exclude any taxation) why invest and why is this called an investement ?
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  #367  
Old 03.03.2019, 14:57
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Re: Investment fund

For after tax funds only: I opened brokerage account with online broker and invest myself. I have access to NYSE through my brokerage account.
I would directly purchase SP500 index as it outperforms most active money managers in the LONG term.
Aside from that I have my pension saving with the same broker in separate pension acct. and invest into stocks.
I don't like investment Funds. I view them as vehicles for theft via fees.
We really live in amazing period in history for personal investment that started in the late 1990s.
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  #368  
Old 03.03.2019, 15:16
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Re: Investment fund

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As i'm new in Inversting i have a silly question. Let's take as an example PostFinance Fonds 1 Bond. If i had bought 1000 CHF back in 2009 (around 11 pieces) i would have a bit over 1000 CHF as the price didn't increase significantly. Then the divident is around 0.8 CHF every year so in total ~90 CHF over 10 years. With an a expense ration of 0.8% then i would have a cost of about 70-80 CHF over 10 years. Finally my 10 year investement would result if not in loss into an income (or asset increase) of 0 CHF.
So if i do the math correctly (i exclude any taxation) why invest and why is this called an investement ?
Bonds in a negative interest environment can never be a good deal, if interest rates normalise the value of the bonds will fall.

In the 1980's you could buy UK 2.5% consolidated stock for under 20 yielding 12.5%, they finally got redeemed at 100 about 5 years ago which was a shame
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  #369  
Old 03.03.2019, 15:33
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Re: Investment fund

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As i'm new in Inversting i have a silly question. Let's take as an example PostFinance Fonds 1 Bond. If i had bought 1000 CHF back in 2009 (around 11 pieces) i would have a bit over 1000 CHF as the price didn't increase significantly. Then the divident is around 0.8 CHF every year so in total ~90 CHF over 10 years. With an a expense ration of 0.8% then i would have a cost of about 70-80 CHF over 10 years. Finally my 10 year investement would result if not in loss into an income (or asset increase) of 0 CHF.
So if i do the math correctly (i exclude any taxation) why invest and why is this called an investement ?
I guess it's a good investment for PostFinance?
Maybe if you have so much money the bank would charge you negative interest rates, something like this a better than just having the money sit on a bank-account?
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  #370  
Old 03.03.2019, 22:29
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Re: Investment fund

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As i'm new in Inversting i have a silly question. Let's take as an example PostFinance Fonds 1 Bond. If i had bought 1000 CHF back in 2009 (around 11 pieces) i would have a bit over 1000 CHF as the price didn't increase significantly. Then the divident is around 0.8 CHF every year so in total ~90 CHF over 10 years. With an a expense ration of 0.8% then i would have a cost of about 70-80 CHF over 10 years. Finally my 10 year investement would result if not in loss into an income (or asset increase) of 0 CHF.
So if i do the math correctly (i exclude any taxation) why invest and why is this called an investement ?
Today's price is after expenses incurred in the past, so the 90CHF is what you earned, plus/minus the price change. It's better to buy a fund yielding 0.1% than be charged 0.75% by the bank for the same money sitting in your account (may apply if the balance is big enough).
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  #371  
Old 29.04.2019, 16:37
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Re: Investment fund

Anyone own Woodford Patient Capital Trust?

http://tools.morningstar.co.uk/uk/ce...CurrencyId=GBP

This fund has done terribly that it now runs at a significant discount to NAV. The main shareholdings appear to be in healthcare and financial companies which appear to be in areas which have a plausible future, but I'm not able to assess whether they are good investments or not.

Looking to buy this if further investors flee creating a greater discount to NAV.
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  #372  
Old 29.04.2019, 18:28
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Re: Investment fund

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Anyone own Woodford Patient Capital Trust?

http://tools.morningstar.co.uk/uk/ce...CurrencyId=GBP

This fund has done terribly that it now runs at a significant discount to NAV. The main shareholdings appear to be in healthcare and financial companies which appear to be in areas which have a plausible future, but I'm not able to assess whether they are good investments or not.

Looking to buy this if further investors flee creating a greater discount to NAV.
The discount is only 14%, it could fall a long way.
I bought RIT Capital with over 20% discount in the 90's, it was always a great fund that now trades on a 10% premium.
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  #373  
Old 04.05.2019, 22:21
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Re: Investment fund

In Q4 of last year, after sufficient fear accumulated over my 100% US-exposure while Trump is in office (Nasdaq100 + S&P500), I liquidated it all and moved to Fundsmith UK. After the initial dip in performance and exit/entry fees recovery, two quarters later, I am very pleased with the move.

I now find myself in another fortunate situation, where I had a vested contract lump sums unlocked and paid. To avoid the mistake I already did twice (first with 100% US exposure, second with 50% Fundsmith and 50% crypto), I would like to rebalance and split to 1/3 Fundsmith + 1/3 crypto + 1/3 in a new pot.

My current reading on ETF and investment is dominated by "smart beta" funds, which promise to amplify the standard ETF performance, some of which with a higher multiplier when markets go up vs when they tank... Lured, like a moth to a candle

Riskwise, I am happy with a three-way split, between fundsmith, crypto and another ETF. Question is, what is a fitting third piece? ETF covering Germany? Some of the xtrackers in EUR?

May the Fourth be with y'all, thank you for any tips and pointers!
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  #374  
Old 05.05.2019, 16:17
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Re: Investment fund

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In Q4 of last year, after sufficient fear accumulated over my 100% US-exposure while Trump is in office (Nasdaq100 + S&P500), I liquidated it all and moved to Fundsmith UK. After the initial dip in performance and exit/entry fees recovery, two quarters later, I am very pleased with the move.
was the move still positive given the recent gains in the US market?
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  #375  
Old 06.05.2019, 21:19
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Re: Investment fund

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was the move still positive given the recent gains in the US market?
I am quoting the fifth or whatever prevents me from saying something boldly stupid. I have not compared performance since the switch, so cannot objectively answer this question.
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  #376  
Old 07.05.2019, 11:30
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Re: Investment fund

I sold my FS mid last year and bought back in at the start of this year and I'm up 19% so far. Happy with that but I'm sure someone will say that I've actually only gained 2% due to currency fluctuations or something.
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  #377  
Old 07.05.2019, 11:48
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Re: Investment fund

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I sold my FS mid last year and bought back in at the start of this year and I'm up 19% so far. Happy with that but I'm sure someone will say that I've actually only gained 2% due to currency fluctuations or something.
You would have done even better in CHF, Euro or USD, has been strong this year.

1.1.19 to 30.4.19 in +17.9% in € + 22.6% in CHF + 24.4% in $ + 20%
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  #378  
Old 07.05.2019, 11:51
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I sold my FS mid last year and bought back in at the start of this year and I'm up 19% so far. Happy with that but I'm sure someone will say that I've actually only gained 2% due to currency fluctuations or something.
I won't say that. But I will say that if you'd bought Bitcoin at the start of this year (say, 1 January), you'd be up 63.6% (in euros) right now. BTC has been rising steadily since 6 February.
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  #379  
Old 07.05.2019, 12:21
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Re: Investment fund

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I won't say that. But I will say that if you'd bought Bitcoin at the start of this year (say, 1 January), you'd be up 63.6% (in euros) right now. BTC has been rising steadily since 6 February.
Why would you awaken the FMF beast like that 22 yards?
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Old 07.05.2019, 13:46
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Why would you awaken the FMF beast like that 22 yards?


Damn, my trolling skills are clearly slipping.
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