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  #421  
Old 20.08.2019, 07:38
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Re: Investment fund

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Current status with IB > Smithson is available and listed but Fundsmith is not? I have opened a ticket, asking to have it added. The first reply came back with "don't have it, sorry", so I called the phone support which followed with "it's probably too cheap and not listed on Bloomberg"??? As per their advice, I have since reopened the ticket requesting clarity on how to proceed. Find myself in an interesting situation where I'm stuck with a third-tier broker because it holds Fundsmith and the new shiny contender doesn't. To be continued...
Sell FS, close the old account, buy FS directly from https://www.fundsmith.co.uk/global/eu, and problem solved
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  #422  
Old 15.10.2019, 20:20
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Re: Investment fund

Woodford Investment Management will close down, not soon enough IMO.

https://uk.finance.yahoo.com/news/ne...180052628.html
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  #423  
Old 04.12.2019, 22:37
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Re: Investment fund

Fundsmith - check
Smithson - check
SP500 - check
Nasaq100 - check

Looking for my next item in the portfolio: Lindsell Train came up a few times in the thread. Is it a good addition to the above list in light of the anticipated financial crisis?
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  #424  
Old 04.12.2019, 22:58
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Re: Investment fund

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Fundsmith - check
Smithson - check
SP500 - check
Nasaq100 - check

Looking for my next item in the portfolio: Lindsell Train came up a few times in the thread. Is it a good addition to the above list in light of the anticipated financial crisis?
fundsmtih feet to complete the collection?
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  #425  
Old 04.12.2019, 23:13
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Re: Investment fund

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Fundsmith - check
Smithson - check
SP500 - check
Nasaq100 - check

Looking for my next item in the portfolio: Lindsell Train came up a few times in the thread. Is it a good addition to the above list in light of the anticipated financial crisis?
Lindsell Train is quite similar to FS, it's my 3rd largest holding. I always felt it was slightly more risky as the largest 4 holdings are 29% v 21% for FS, I would expect it to be slightly more volatile. Overlap is about 1/3 of the portfolio so you get diversification over roughly 48 stocks.

We were in a Financial Crisis when FS started, we had a correction 12 months ago, we will have plenty more.
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  #426  
Old 05.12.2019, 05:57
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Re: Investment fund

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Fundsmith - check
Smithson - check
SP500 - check
Nasaq100 - check

Looking for my next item in the portfolio: Lindsell Train came up a few times in the thread. Is it a good addition to the above list in light of the anticipated financial crisis?
https://portfolio-adviser.com/multi-...post-woodford/
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  #427  
Old 05.12.2019, 09:50
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Re: Investment fund

M&G real estate fund now blowing up too. people running for the door and illliquid assets triggered freeze on redemptions. i guess this will make a lot of people nervous and may spread to other funds.
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  #428  
Old 05.12.2019, 09:55
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Re: Investment fund

before reading this i had no idea fundsmith had a few bad/loss-making months. i guess there's some value in just setting things and ignoring
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  #429  
Old 05.12.2019, 10:03
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Re: Investment fund

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before reading this i had no idea fundsmith had a few bad/loss-making months. i guess there's some value in just setting things and ignoring

That's my view - I'm in it for at least 15-18 years so the odd months don't matter. Except maybe as a good time to add to it
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  #430  
Old 05.12.2019, 16:39
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Re: Investment fund

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before reading this i had no idea fundsmith had a few bad/loss-making months. i guess there's some value in just setting things and ignoring
They are talking in GBP when the pound has been incredibly volatile, for example v the Euro 1.06 on 10 August it's up 11.3% to 1.18, 4 months later.

YTD Fundsmith results as follows, who would have imagined the would have been the best currency to hold this year & the CHF the second worst.

In Euro +31.71
In CHF +28.71
In USD +26.65
in GBP +25.34
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That's my view - I'm in it for at least 15-18 years so the odd months don't matter. Except maybe as a good time to add to it
It would only have been good to add in August if you had GBP to invest.

Last edited by fatmanfilms; 05.12.2019 at 16:55. Reason: adding a , before 4 months later
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  #431  
Old 05.12.2019, 16:53
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Re: Investment fund

Luckily I got some of my brexit trades in before the GBP spike!
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  #432  
Old 05.12.2019, 17:56
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Re: Investment fund

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Fundsmith - check
Smithson - check
SP500 - check
Nasaq100 - check

Looking for my next item in the portfolio: Lindsell Train came up a few times in the thread. Is it a good addition to the above list in light of the anticipated financial crisis?
Have you figured out what kind of exposure your going to end up with by doing tha??
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  #433  
Old 05.12.2019, 18:18
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Re: Investment fund

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Have you figured out what kind of exposure your going to end up with by doing tha??
Hugely liquid assets, equities beat other investments over the long term.
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  #434  
Old 06.12.2019, 11:23
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Re: Investment fund

Thank you to all who responded - all funds are baskets of liquid companies, my layman eye doesn't see any of the underlying stocks being uncomfortable risk.

Thank you @FMF for pointing out overlap: I am actually thinking if just growing current positions is not an option?

Also looking at those two as alternative additions (to Lindsell Train that seems to have hit a rough patch):

BlackRock World Tech = https://www.blackrock.com/sg/en/lite...-en-retail.pdf

Morgan Stanley Global Opportunity = https://markets.ft.com/data/funds/te...1149983899:USD

Horizon is 12-15 years. Vote for option
a) grow current positions
b) add Lindsell Train
c) add BlackRock
d) add MS
e) other - what would that be

Thank you
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  #435  
Old 06.12.2019, 15:41
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Re: Investment fund

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Also looking at those two as alternative additions (to Lindsell Train that seems to have hit a rough patch):
I really would not say it has, its portfolio like FS which has very little correlation with index funds so it's performance will always differ from the index, the idea is that on average it will out perform which it does do most of the time by a high margin. Terry Smith said at the first AGM he would expect his fund to significantly underperform when markets are very bullish & outperform when things are bad.

My Portfolio is currently
Fundsmith 50%
Smithson 30%
Lindsay Train 15%
legacy loadings 5%

I am about to buy an expensive property with my wife, I estimate my portfolio will be invested as follows afterwards

Fundsmith 41%
Smithson 38%
Lindsay train 18%
Legacy holdings 3%

Smithson should grow the fastest so will likely be my biggest holding in 12 months time.

Last edited by fatmanfilms; 06.12.2019 at 15:54.
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  #436  
Old 06.12.2019, 23:06
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Re: Investment fund

Why should Smithson grow the fastest?
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  #437  
Old 06.12.2019, 23:44
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Re: Investment fund

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Why should Smithson grow the fastest?
The average market cap of Fundsmith companies are 117 Billion, nearly 10 times bigger than the average market cap of Smithson companies.

If you look at MSCI World Mid Cap index V MSCI Large Cap index the mid cap have out performed over 1 / 3 / 5 / 10 years, they always do.

Smaller companies are less liquid which is why Smithson is a closed end fund so never has to sell a share when shareholders want their money back.
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  #438  
Old 06.12.2019, 23:45
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Re: Investment fund

investing in a low cost etf that tracks the s&p 500 or similar is usually a good thing


a vanguard or ishares only have a annual expense ratio of like 0.04%


most people don't realise that the annual expenses add up over time.

10000@12% gives you 21058 dollars
10000@11% would only give you 18394 dollars


21058-18394=2660 dollars is alot to throw away on stupid fees
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  #439  
Old 07.12.2019, 00:10
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Re: Investment fund

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investing in a low cost etf that tracks the s&p 500 or similar is usually a good thing


a vanguard or ishares only have a annual expense ratio of like 0.04%


most people don't realise that the annual expenses add up over time.

10000@12% gives you 21058 dollars
10000@11% would only give you 18394 dollars


21058-18394=2660 dollars is alot to throw away on stupid fees
I always like to look at the actual results FTSE100 / S&P500 / Fundsmith
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  #440  
Old 07.12.2019, 01:12
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Re: Investment fund

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I always like to look at the actual results FTSE100 / S&P500 / Fundsmith
the s&p 500 was to give an example


the vanguard VGT etf yields close to same(even higher if you include fees) as the fundsmith fund
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