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  #41  
Old 27.05.2017, 12:42
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Re: Question regarding Fundsmith

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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.
Your dealing in £, if you deal in Luxembourg you need to send a FAX.
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  #42  
Old 05.07.2017, 07:11
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Re: Question regarding Fundsmith

And how does one get the information about the number shares that one has? Which day counts for the price of the shares? The day when you send the fax or the day when the money gets to their account?
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  #43  
Old 05.07.2017, 09:43
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Re: Question regarding Fundsmith

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And how does one get the information about the number shares that one has? Which day counts for the price of the shares? The day when you send the fax or the day when the money gets to their account?
They will send a contract note, they need to have both funds & instructions by 10am & that will be the trading day,
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  #44  
Old 05.07.2017, 14:16
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Re: Question regarding Fundsmith

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They will send a contract note, they need to have both funds & instructions by 10am & that will be the trading day,
Actually my experience is that they tend to place the trade even before they receive the funds.

Maybe it is different with the amounts fmf deals with
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  #45  
Old 05.07.2017, 15:05
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Re: Question regarding Fundsmith

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Actually my experience is that they tend to place the trade even before they receive the funds.

Maybe it is different with the amounts fmf deals with
Is that in the UK? In Luxembourg they don't seem too, although my last transactions in Luxembourg were fairly meaty.
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  #46  
Old 06.07.2017, 11:46
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Re: Question regarding Fundsmith

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Is that in the UK? In Luxembourg they don't seem too, although my last transactions in Luxembourg were fairly meaty.
Luxemburg. But mine were not so "meaty", just cost-averaged drip-feeding a few thousand eur a month.
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  #47  
Old 23.11.2017, 12:25
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Re: Question regarding Fundsmith

Sorry to revive this old thread, but I have the same issue: I'd like to invest some money in this fund. I am not sure how to proceed though. I found the EU page of the fund, with documents for opening an account and Deal Instruction Form.
  • Are these the way to go for Swiss residents, even though technically not part of the EU? I sent an email to the address listed there, but so far no reply in 2 days.
  • There is no "Sell" Form (the Deal Instruction Form is only for buying shares). How do I "get out" of the fund, should I choose to?
  • Swiss taxes: anything special I should do, or the declaration works like for Swiss funds?

The most pressing issue is number one . I googled it and read everything I found on this forum, but I couldn't find a definitive answer. Sorry if this has been answered somewhere else already, feel free to send me to that page if so.
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  #48  
Old 23.11.2017, 12:55
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Re: Question regarding Fundsmith

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Sorry to revive this old thread, but I have the same issue: I'd like to invest some money in this fund. I am not sure how to proceed though. I found the EU page of the fund, with documents for opening an account and Deal Instruction Form.
  • Are these the way to go for Swiss residents, even though technically not part of the EU? I sent an email to the address listed there, but so far no reply in 2 days.
  • There is no "Sell" Form (the Deal Instruction Form is only for buying shares). How do I "get out" of the fund, should I choose to?
  • Swiss taxes: anything special I should do, or the declaration works like for Swiss funds?

The most pressing issue is number one . I googled it and read everything I found on this forum, but I couldn't find a definitive answer. Sorry if this has been answered somewhere else already, feel free to send me to that page if so.
That is quite a good question. So far I have only been putting money in....
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  #49  
Old 23.11.2017, 13:28
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Re: Question regarding Fundsmith

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That is quite a good question. So far I have only been putting money in....
The Luxembourg fund will be the easiest fund to deal with for a non UK resident, there are only a tiny no of accounts in Luxembourg so no dedicated team. A Phone call is the quickest way to get an answer.

They require written instructions in the Luxembourg fund, for high payouts they may want to see an original Bank statement with your name on it of the bank you want to send the money too.

If You deal in the UK fund you can sell using the online platform to the already confirmed bank account.
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  #50  
Old 23.11.2017, 13:52
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Re: Question regarding Fundsmith

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That is quite a good question. So far I have only been putting money in....
you can use the web interface to request withdrawals into your bank account.

i've taken out funds this way.
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  #51  
Old 23.11.2017, 14:00
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Re: Question regarding Fundsmith

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you can use the web interface to request withdrawals into your bank account.

i've taken out funds this way.
Is this for UK residents? I've seen that you can buy shares on line, but I am not a UK citizen/resident, so no UK card or bank account.
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  #52  
Old 23.11.2017, 14:04
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Re: Question regarding Fundsmith

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Is this for UK residents? I've seen that you can buy shares on line, but I am not a UK citizen/resident, so no UK card or bank account.
Without a UK bank account the UK site wont be useable. Use Luxembourg.
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  #53  
Old 23.11.2017, 14:08
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Re: Question regarding Fundsmith

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Is this for UK residents? I've seen that you can buy shares on line, but I am not a UK citizen/resident, so no UK card or bank account.
this is when using a UK bank account.
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  #54  
Old 23.11.2017, 14:08
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Re: Question regarding Fundsmith

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That is quite a good question. So far I have only been putting money in....
how you get money out should be covered before you put any money in.

madoff investors and bitcoin speculators may learn this the hard way
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  #55  
Old 23.11.2017, 14:23
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Re: Question regarding Fundsmith

Thank you all for your replies. I just got off the phone with the Luxembourg bank. They will open an account (I have to mail the original filled-in application form) and then I can trade through them (fax to send or withdraw money).

Not clear on the Swiss tax declaration (obviously they can't give advice on that), am I correct that I can declare them in the same way I do a swiss fund?

The Vaud tax declaration software has a section on "Etat de titres" (for all bank accounts, etc), with a subsection called "fonds de placements". One other question is whether the Luxembourg bank will withhold 35% (or anything) as "tax at source" (as Swiss banks do). Anyone knows about this?

Thank you again for your prompt answers!
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  #56  
Old 23.11.2017, 16:01
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Re: Question regarding Fundsmith

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Thank you all for your replies. I just got off the phone with the Luxembourg bank. They will open an account (I have to mail the original filled-in application form) and then I can trade through them (fax to send or withdraw money).

Not clear on the Swiss tax declaration (obviously they can't give advice on that), am I correct that I can declare them in the same way I do a swiss fund?

The Vaud tax declaration software has a section on "Etat de titres" (for all bank accounts, etc), with a subsection called "fonds de placements". One other question is whether the Luxembourg bank will withhold 35% (or anything) as "tax at source" (as Swiss banks do). Anyone knows about this?

Thank you again for your prompt answers!
They send a valuation at the end of every month so you have the figures for your tax return, nothing complicated. There is no withholding tax from dividends on a Luxembourg fund,
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  #57  
Old 23.11.2017, 16:50
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Re: Question regarding Fundsmith

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They send a valuation at the end of every month so you have the figures for your tax return, nothing complicated. There is no withholding tax from dividends on a Luxembourg fund,
Thanks!
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  #58  
Old 05.01.2018, 16:39
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Re: Question regarding Fundsmith



Terry Smith – the man who beat the market in 2017
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  #59  
Old 05.01.2018, 16:56
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Re: Question regarding Fundsmith

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With a £1,000 investment in Fundsmith in 2010 you’d now be looking at a gain of 264%
In other news:
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With a £1,000 investment in certain cryptos in November 2017 you’d now be looking at a gain of 900%






(p.s. the wink is here for humor, don't get me too serious)
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  #60  
Old 05.01.2018, 17:05
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Re: Question regarding Fundsmith

2017 was one of the best years for investment. you could have invested in pretty much anything and made money.
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