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  #21  
Old 12.05.2017, 18:02
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Re: Question regarding Fundsmith

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I have a monthly direct debit set-up too for < £10k.
Probably direct debit from a UK bank account.
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  #22  
Old 12.05.2017, 21:14
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Re: Question regarding Fundsmith

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Probably direct debit from a UK bank account.
Yes, from a UK bank account.
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  #23  
Old 12.05.2017, 21:15
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Re: Question regarding Fundsmith

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Fundsmith will never be in the HL wealth 150 as they refuse to pay HL for the privilege . Interestingly it's beaten every one of the 150 recommendations despite HL being negative on the fund every year. Last year the sighted mediocre performance yet it rose 28.2% over the year.
It's kinda funny because they seem to have a bit of a rant about it every year at the annual meeting
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  #24  
Old 12.05.2017, 21:34
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Re: Question regarding Fundsmith

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It's kinda funny because they seem to have a bit of a rant about it every year at the annual meeting
It's always a shareholder question........
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  #25  
Old 14.05.2017, 19:20
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Re: Question regarding Fundsmith

Hello,

I am again turning to english forum for some help

As probably most people in Switzerland, I am able to save some money every month and would like to invest it in fundsmith. As I am a complete beginner in investments, could you please shortly describe what the best way to invest in the fundsmith is. I am a Slovene citizen living and paying taxes in Switzerland.

I am sure that a lot of english forum members have same problems as me. Have a nice remainder of the weekend.
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  #26  
Old 14.05.2017, 19:35
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Re: Question regarding Fundsmith

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As probably most people in Switzerland, I [...] would like to invest it in fundsmith
That's quite a bold overstatement. A few people on this forum are excited about it. Apparently enough excited by his past performance to pay the ridiculously high 1% fee (very high for "doing nothing" and his AUM!) rather than just going for a tried and true low cost index fund, which is also much easier to trade. In no way this represents any significant number of people in Switzerland

My investment proposal: open an account at a real low cost broker (like IB) and buy some low cost Vanguard ETFs. TER now starts from only 0.04% (yes, they lowered it again!)

Last edited by ivank; 14.05.2017 at 19:54.
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  #27  
Old 14.05.2017, 20:55
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Re: Question regarding Fundsmith

It was meant that most people are able to save some money, not that most people would like to invest in fundsmith but anyway thanks for the answer
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  #28  
Old 14.05.2017, 21:05
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Re: Question regarding Fundsmith

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Hello,

I am again turning to english forum for some help

As probably most people in Switzerland, I am able to save some money every month and would like to invest it in fundsmith. As I am a complete beginner in investments, could you please shortly describe what the best way to invest in the fundsmith is. I am a Slovene citizen living and paying taxes in Switzerland.

I am sure that a lot of english forum members have same problems as me. Have a nice remainder of the weekend.
You need patience....There is a wheelbarrow load of paper work (+/- 20 pages) that you will have to complete for them, i contacted them and they sent me the forms to apply.... its worse than applying for US Visa for the first time.
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  #29  
Old 14.05.2017, 21:19
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Re: Question regarding Fundsmith

Geez, just buy his basket of stocks directly. Much cheaper and faster, and you'll get most of his performance anyway and no management fee to pay. A little bit of time will be needed every month, of course, to manage it

1% fee is ridiculous over a long time horizon, a good part of your wealth over time would flow to Fundsmith's pocket
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  #30  
Old 15.05.2017, 10:43
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Re: Question regarding Fundsmith

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Geez, just buy his basket of stocks directly. Much cheaper and faster, and you'll get most of his performance anyway and no management fee to pay. A little bit of time will be needed every month, of course, to manage it

1% fee is ridiculous over a long time horizon, a good part of your wealth over time would flow to Fundsmith's pocket
Did you try it over a few years and overperformed after FS fees? I doubt it.

I think it is easy to cover 2 of Terry's strategy components, but not all 3:

1) Buy good companies (easy just buy what Terry does)
2) Try not to overpay - now this is a little trickier
3) Do nothing - easy again
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  #31  
Old 15.05.2017, 12:27
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Re: Question regarding Fundsmith

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]Did you try it over a few years and overperformed after FS fees? I doubt it.[/B]

I think it is easy to cover 2 of Terry's strategy components, but not all 3:

1) Buy good companies (easy just buy what Terry does)
2) Try not to overpay - now this is a little trickier
3) Do nothing - easy again
Ivank is right. There is a very small percentage of fund managers that can outperform a market index in the long run. Fundsmith has no track record whatsoever that would indicate that he is within this group.
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  #32  
Old 15.05.2017, 12:32
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Re: Question regarding Fundsmith

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Did you try it over a few years and overperformed after FS fees? I doubt it.

I think it is easy to cover 2 of Terry's strategy components, but not all 3:

1) Buy good companies (easy just buy what Terry does)
2) Try not to overpay - now this is a little trickier
3) Do nothing - easy again
I have tried & own over 20 of the 29 stocks, however have always underperformed. FS has inflows of £5 million a day so can decide what to add too each day. They generally add to half the holdings each month, however you don't know the 14 stocks he is not buying that month.
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Ivank is right. There is a very small percentage of fund managers that can outperform a market index in the long run. Fundsmith has no track record whatsoever that would indicate that he is within this group.
Perhaps you should read his book Accounting for Growth, originally published in 1991. He has been very vocal for a very long time & is able to pick the companies to avoid several years ahead of others.
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  #33  
Old 15.05.2017, 13:05
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Re: Question regarding Fundsmith

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Did you try it over a few years and overperformed after FS fees? I doubt it.
No, my own portfolio performance is less spectacular over last few years, although it did outperformed him in 2016.

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2) Try not to overpay - now this is a little trickier
This is important mainly for portfolio changes, when you're deciding where to put the new money. By paying into his fund, you would definitely fail this criterion: you'd be basically buying his companies at their current valuation, overpaying for most of them.

You can track his 13f changes over time or factsheet to see what's he been buying, and there's plenty of valuation criteria you can check any time to select the cheaper stocks among what he pre-screened for you.
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  #34  
Old 15.05.2017, 13:19
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Re: Question regarding Fundsmith

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No, my own portfolio performance is less spectacular over last few years, although it did outperformed him in 2016.


This is important mainly for portfolio changes, when you're deciding where to put the new money. By paying into his fund, you would definitely fail this criterion: you'd be basically buying his companies at their current valuation, overpaying for most of them.

You can track his 13f changes over time or factsheet to see what's he been buying, and there's plenty of valuation criteria you can check any time to select the cheaper stocks among what he pre-screened for you.
OK, I'll wait for someone else to do it and report better returns over at least one market cycle.
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  #35  
Old 25.05.2017, 17:16
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Re: Question regarding Fundsmith

But still is there a possibility to do regular monthly payments without UK Debit card into SICA fund or must one fill out the deal instruction form every month?
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  #36  
Old 25.05.2017, 17:50
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Re: Question regarding Fundsmith

I'm invested in Vanguard life strategy and in fundsmith.

FS seems to be outperforming LS by over 3 times since the start of this year despite much higher fees.
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  #37  
Old 25.05.2017, 18:07
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Re: Question regarding Fundsmith

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I'm invested in Vanguard life strategy and in fundsmith.

FS seems to be outperforming LS by over 3 times since the start of this year despite much higher fees.
It's only invested in great business's, it's a clever strategy that few follow. Back above 20% compound since inception.
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  #38  
Old 25.05.2017, 18:20
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Re: Question regarding Fundsmith

Fatmanfilms, as you are also invseted into SICA, could you please elaborate if the monthly payments to the fund are possible without filling out the "deal instruction" form?
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  #39  
Old 26.05.2017, 10:05
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Re: Question regarding Fundsmith

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Fatmanfilms, as you are also invseted into SICA, could you please elaborate if the monthly payments to the fund are possible without filling out the "deal instruction" form?
Once you have an account, you make a bank transfer & FAX an instruction letter. They do not accept email instructions, if you just send instructions by mail then they may return the money to the sending bank if they have not received anything.
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  #40  
Old 27.05.2017, 12:33
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Re: Question regarding Fundsmith

Why FAX? I just use the online account with my UK direct debit card to pay directly without bank transfers or faxes.

But maybe because I do have a UK account, not sure if possible without it.
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