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  #121  
Old 07.02.2017, 10:19
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Re: What to do with 100k CHF?

6 pages and not a single one of you has provided the OP my bank account. Sad.

-Go to Lisbon
-buy an appartment between 100-150k
-airbnb it
-profit
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  #122  
Old 07.02.2017, 10:30
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Re: What to do with 100k CHF?

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6 pages and not a single one of you has provided the OP my bank account. Sad.

-Go to Lisbon
-buy an appartment between 100-150k
-airbnb it
-profit
Please explain the tax implications at purchase & sale, what are the legal costs, stamp duty & estate agent fees so we can judge the bid/offer spread of the investment.

Edit

Looks above the price PhilMCR would pay. PE is nearly 24 for city centre. With a price to income ratio 14.34, thats higher than London https://www.numbeo.com/property-investment/in/Lisbon
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  #123  
Old 07.02.2017, 10:38
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Re: What to do with 100k CHF?

i dont know all those details

based on these guys
http://www.globalpropertyguide.com/E.../Price-History

"Lisboa apartments continue to obtain good rental yields, ranging from 5.4% to 6.2%, according to the Global Property Guide rental yields research of September 2016."

also,
https://www.justlanded.com/english/P.../Estate-Agents
https://www.justlanded.com/english/P.../Property/Fees
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  #124  
Old 07.02.2017, 10:49
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Re: What to do with 100k CHF?

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The stocks Fundsmith invest in are far superior to the S&P 500 or the FTSE100, over time this will pay off. No need to take greater risk in the attempt to reduce risk.
One important number missing from that data is the price...
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  #125  
Old 07.02.2017, 11:33
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Re: What to do with 100k CHF?

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One important number missing from that data is the price...
This was answered further in the shareholders letter as follows:-

'This leads onto the question of valuation. The Free Cash Flow (FCF) yield (the free cash flow generated by the companies divided by their market value) on the portfolio at the outset of the year was 4.3%* and ended it at 4.4%* so they did not become any more highly rated. The mean FCF yield on the FTSE 100 is 4.7%+ and the median is 4.6%+. The mean FCF yield on the S&P 500 is 4.3%+ and the median 4.8%+. To try to cut through all these means and medians, our portfolio consists of companies which are fundamentally a lot better than those in the index and are valued a little more highly than the average FTSE 100 company and about the same as the average S&P 500 company, and they grew more rapidly in the past year. I would suggest that is not a bad situation for our portfolio to be in.'
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  #126  
Old 10.02.2017, 15:37
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Re: What to do with 100k CHF?

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6 pages and not a single one of you has provided the OP my bank account. Sad.

-Go to Lisbon
-buy an appartment between 100-150k
-airbnb it
-profit
Ok, seems like an apartment in Lisbon is a good investment.. But I personally would like to buy an apartment in a cool city, something Lisbon is not. Ok, it's safe, it's relatively clean, has good food... But other than that, it's a hell of a boring place. Looks like that city got stuck in the past, even the newer parts of the city have nothing interesting to offer.
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  #127  
Old 10.02.2017, 15:45
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Re: What to do with 100k CHF?

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Ok, seems like an apartment in Lisbon is a good investment.. But I personally would like to buy an apartment in a cool city, something Lisbon is not. Ok, it's safe, it's relatively clean, has good food... But other than that, it's a hell of a boring place. Looks like that city got stuck in the past, even the newer parts of the city have nothing interesting to offer.
Why? Do you plan on living in this apartment?

I own shares in pharmaceutical companies working in the fields of oncology and cardiology. I don't plan to develop cancer or heart disease.
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  #128  
Old 10.02.2017, 15:58
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Re: What to do with 100k CHF?

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This was answered further in the shareholders letter as follows:-

'This leads onto the question of valuation. The Free Cash Flow (FCF) yield (the free cash flow generated by the companies divided by their market value) on the portfolio at the outset of the year was 4.3%* and ended it at 4.4%* so they did not become any more highly rated. The mean FCF yield on the FTSE 100 is 4.7%+ and the median is 4.6%+. The mean FCF yield on the S&P 500 is 4.3%+ and the median 4.8%+. To try to cut through all these means and medians, our portfolio consists of companies which are fundamentally a lot better than those in the index and are valued a little more highly than the average FTSE 100 company and about the same as the average S&P 500 company, and they grew more rapidly in the past year. I would suggest that is not a bad situation for our portfolio to be in.'
So it's more expensive, but maybe not hugely more expensive, at least on a cash basis. It is strange that he doesn't comment on an earnings basis.
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  #129  
Old 14.02.2017, 23:38
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Re: What to do with 100k CHF?

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I know what a Testarossa looks like. Ultimate 80s bling. And the performance wasn't especially dazzling, either.
Well, it was damn fast when it was new. Of course you cannot compare a thirty year old car with a current GT-R....

That car is a piece of art, not everyone understands it or appreciates it :-)
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  #130  
Old 15.02.2017, 09:24
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Re: What to do with 100k CHF?

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Well, it was damn fast when it was new. Of course you cannot compare a thirty year old car with a current GT-R....

That car is a piece of art, not everyone understands it or appreciates it :-)
It wasn't even the fastest Ferrari of its day (the GTO was a sight quicker to 60 mph and had a much higher top speed), let alone the fastest car around.

As for art, well, Ferrari built a very wide car with a very high centre of gravity -- then put shoulder pads on it. And good luck changing the cambelt every 2-3 years.
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  #131  
Old 15.02.2017, 14:15
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Re: What to do with 100k CHF?

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Why? Do you plan on living in this apartment?

I own shares in pharmaceutical companies working in the fields of oncology and cardiology. I don't plan to develop cancer or heart disease.
Well, when it comes to an apartment, you would like to brag with your friends and family about how cool your investment is.

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It wasn't even the fastest Ferrari of its day (the GTO was a sight quicker to 60 mph and had a much higher top speed), let alone the fastest car around.
What are you talking about? The Testarossa was the fastest PRODUCTION Ferrari of its day. The GTO was a purpose-built Group B racecar turned into a road supercar, like the F40 or the LaFerrari nowadays. It was way more expensive than the TR!

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As for art, well, Ferrari built a very wide car with a very high centre of gravity -- then put shoulder pads on it. And good luck changing the cambelt every 2-3 years.
Sorry, who told that it has a high center of gravity? And who told you that a car with a "higher" center of gravity cannot be engineered to handle well?

A car shall be judged by how it drives, not by it's numbers. There are tons of cars which on paper are technology marvels but on practice sucks.






Are you a Ferrari hater? So also watch this one :

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  #132  
Old 15.02.2017, 14:55
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Re: What to do with 100k CHF?

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What are you talking about?
A Ferrari that was a contemporary of the Testarossa. Do you deny that what I wrote was correct?

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Sorry, who told that it has a high center of gravity?
Nobody told me, I have eyes and a brain. But if you want to hear it from others:

The Testarossa's case was not helped by mounting the engine over the gearbox (a configuration it inherited from the Boxer), which resulting in a surprisingly high centre of gravity and tricky handling at the limit.

Arent they actually a bit rubbish, relatively speaking? High COG and crazy servicing prices?

I think to be honest they probably are crap to drive as they're not that fast, have a high centre of gravity and do cost quite a bit to service

The trouble is that the longitudinal, Colombo flat-12 (its not a boxer as the pistons dont have individual crankpins its actually a 180-degree V) is mounted on top of the gearbox and diff, which as you can imagine makes for a centre of gravity akin to a hippo on a bird table... If you carry too much speed into a corner and need to lift even here then you have to be right on top of the car, because that high, rearward centre of gravity will swing around with an inexorable momentum as you pitch the weight onto the already loaded outside rear wheel.

... the five-speed gearbox was mounted high near the engine block, which made for an unusually high center of gravity, and made handling a Testarossa difficult if the rear end started to break loose.

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Are you a Ferrari hater?
Lol.
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  #133  
Old 18.02.2017, 20:58
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Re: What to do with 100k CHF?

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Well, when it comes to an apartment, you would like to brag with your friends and family about how cool your investment is.



What are you talking about? The Testarossa was the fastest PRODUCTION Ferrari of its day. The GTO was a purpose-built Group B racecar turned into a road supercar, like the F40 or the LaFerrari nowadays. It was way more expensive than the TR!



Sorry, who told that it has a high center of gravity? And who told you that a car with a "higher" center of gravity cannot be engineered to handle well?

A car shall be judged by how it drives, not by it's numbers. There are tons of cars which on paper are technology marvels but on practice sucks.






Are you a Ferrari hater? So also watch this one :


And you don't need to do a belt change every two or three years, as state above....more like every five to seven

also don't forget the testarossa was a GT car, not a racer.
And to top it all it was the best selling car for Ferrari at the times, even though it was the most expensive (of the non LE range).

Last edited by superpippo; 18.02.2017 at 21:15.
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  #134  
Old 18.02.2017, 21:00
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Re: What to do with 100k CHF?

Let your toilet drip for 20 years.
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  #135  
Old 23.08.2019, 23:54
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Re: What to do with 100k CHF?

bump up

so nobody wants to invest 100k anymore?
FMF, what happened to your FundSmith investments now that the GBP has crashed so bad? Or is it mostly USD-denominated?
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  #136  
Old 24.08.2019, 08:38
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Re: What to do with 100k CHF?

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bump up

so nobody wants to invest 100k anymore?
FMF, what happened to your FundSmith investments now that the GBP has crashed so bad? Or is it mostly USD-denominated?
at 31 July 2019
GBP YTD +30.75% 1 Year +21.82% 3 Year +69.44% 5 Year +183.99%.
EURO YTD +27.47% 1 Year +17.97% 3 Year +54.44% 5 Year +142.09%
CHF YTD +24.99% 1 Year +12.45% 3 Year +58.17% 5 Year +121.02%

Particularly interested in the 5 year figures as I retired 59 months ago
In CHF s a compound growth of 16%
In Euro a compound growth of 19.4%
In a compound growth of 23.2%

The revenue split of Fundsmith is:-
North America : 46%
Europe : 24%
Asia pacific : 19%
Eurasia, Middle East, Africa 6%
Latin America : 5%

Fabulous investment about 2-3% of revenues are derived from the U.K.
(19% of investments listed on London stock exchange)
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Old 24.08.2019, 09:23
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Re: What to do with 100k CHF?

Invest in an S&P 500 index fund, leave untouched for many years, cash out.
It’s not that complicated.
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  #138  
Old 24.08.2019, 10:01
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Re: What to do with 100k CHF?

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Invest in an S&P 500 index fund, leave untouched for many years, cash out.
Its not that complicated.
Over 5 years Fundsmith has massively out performed the S&P 500
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  #139  
Old 24.08.2019, 10:42
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Re: What to do with 100k CHF?

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Particularly interested in the 5 year figures as I retired 59 months ago
In CHF s a compound growth of 16%
In Euro a compound growth of 19.4%
In a compound growth of 23.2%
that is quite remarkable indeed.
could one open an account there without a UK address?

edit: hmmm.... However these are only Institutional category funds with 6M CHF to enter. The only thing I found was in EUR that was for private persons. I'm gonna ask PostFinance if they want to bring it in.
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  #140  
Old 24.08.2019, 10:47
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Re: What to do with 100k CHF?

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that is quite remarkable indeed.
could one open an account there without a UK address?
Probably best to invest via Luxembourg, it's set up as an EU Fund they accept Euros (€2000 min investment), other currencies if you are a multi-millionaire, 6 Million is the min in CHF
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