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  #81  
Old 11.01.2018, 07:44
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Re: Question regarding Fundsmith

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Here's what's available via UBS:

http://i68.tinypic.com/312u7lw.png


Seems to be less hassle than buying directly from Fundsmith. Is there any catch other than possibly higher fees?
What is the cost to buy + sell, is there any stamp duty, what are holding costs?
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  #82  
Old 11.01.2018, 09:36
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Re: Question regarding Fundsmith

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Here's what's available via UBS:

http://i68.tinypic.com/312u7lw.png


Seems to be less hassle than buying directly from Fundsmith. Is there any catch other than possibly higher fees?
Be aware that the feeder already has higher fees (ca. 0.3% more) so if you add one more level of fees, you are paying fees to FS, the Luxembourg broker AND to UBS.
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  #83  
Old 22.01.2018, 13:50
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Re: Question regarding Fundsmith

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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.
You had better said: "I ignore if TerrySmith has a track record outperforming benchmarks"... Mostly because he actually has it: within 2003-2010 at Tullett's pension fund, he obtained a 14% return vs the benchmark return of 6%. This adds to the record track at Fundsmith that we all kow: 6.5Y consistently (and I repeat consistently) outperfroming his reference index, in GBP.


https://www.theguardian.com/money/20...-warren-buffet
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  #84  
Old 23.01.2018, 14:38
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Re: Question regarding Fundsmith

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You had better said: "I ignore if TerrySmith has a track record outperforming benchmarks"... Mostly because he actually has it: within 2003-2010 at Tullett's pension fund, he obtained a 14% return vs the benchmark return of 6%. This adds to the record track at Fundsmith that we all kow: 6.5Y consistently (and I repeat consistently) outperfroming his reference index, in GBP.


https://www.theguardian.com/money/20...-warren-buffet
Indeed, TS's track record is already 2003 to 2017 of consistent outperformance:

2003-2010 at Tullett

https://www.youtube.com/watch?v=Jo5e2TlGuoQ

and 2010-2017 at FS

That's close to 15 years of outperformance
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  #85  
Old 23.01.2018, 15:20
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Re: Question regarding Fundsmith

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Indeed, TS's track record is already 2003 to 2017 of consistent outperformance:

2003-2010 at Tullett

https://www.youtube.com/watch?v=Jo5e2TlGuoQ

and 2010-2017 at FS

That's close to 15 years of outperformance
100k became over 900k, which is why I invest in Fundsmith & not property.
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  #86  
Old 23.01.2018, 15:52
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Re: Question regarding Fundsmith

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100k became over 900k, which is why I invest in Fundsmith & not property.
9x, that was not only Terry...
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Old 23.01.2018, 15:55
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Re: Question regarding Fundsmith

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9x, that was not only Terry...
some bitcoins thrown into the mix
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  #88  
Old 23.01.2018, 18:55
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Re: Question regarding Fundsmith

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some bitcoins thrown into the mix
... with that sort of return in 6 months or less, not 5 years...
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  #89  
Old 03.04.2018, 15:21
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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....
So your advice can be summed up as "Use FundSmith"?
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  #90  
Old 03.04.2018, 15:25
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Re: Question regarding Fundsmith

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... with that sort of return in 6 months or less, not 5 years...
HaHa, what a difference a couple of months make, Fundsmith & Bitcoin are quite close on a 6-month view, yesterday Fundsmith was ahead
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  #91  
Old 03.04.2018, 15:47
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Re: Question regarding Fundsmith

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HaHa, what a difference a couple of months make, Fundsmith & Bitcoin are quite close on a 6-month view, yesterday Fundsmith was ahead
How's the 12 month return looking?

And did you look at the returns as of today's date?
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  #92  
Old 03.04.2018, 15:57
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Re: Question regarding Fundsmith

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How's the 12 month return looking?

And did you look at the returns as of today's date?
Lets wait 6 months & look at 12-month performance.

Yes, 1 days performance is hardly relivant, more interested over the economic cycle.
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  #93  
Old 03.04.2018, 16:05
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Re: Question regarding Fundsmith

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Lets wait 6 months & look at 12-month performance.

Yes, 1 days performance is hardly relivant, more interested over the economic cycle.
... which is considerably longer than six months. I'm glad we agree.
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  #94  
Old 03.04.2018, 16:16
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Re: Question regarding Fundsmith

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... which is considerably longer than six months. I'm glad we agree.
Well on the 23 January 2018 you were enthusing about 6 months performance, so it's your time-frame of choice, not mine
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Old 26.09.2018, 15:06
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Re: Question regarding Fundsmith

Sorry to come back to this, but I couldn't find this anywhere:


What is the difference between the Fundsmith T class and R class shares? The minimum investment is the same but the charges are significantly higher for R class (1.69% vs 1.19% for T class).
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  #96  
Old 26.09.2018, 16:33
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Re: Question regarding Fundsmith

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Sorry to come back to this, but I couldn't find this anywhere:


What is the difference between the Fundsmith T class and R class shares? The minimum investment is the same but the charges are significantly higher for R class (1.69% vs 1.19% for T class).
R class is where your advisor gets paid 0.5% of your investment payable monthly averaged over every day of the year.
The general public should but T class, buying through a platform you could be offered I Class but the platform has additional; charges as well. Really bad platforms only offer R class.
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  #97  
Old 28.09.2018, 09:21
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Re: Question regarding Fundsmith

Great, thank you. I don't see why would anyone go to R, even on online platforms. I guess the platform pockets the 0.5%...
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  #98  
Old 28.09.2018, 09:24
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Re: Question regarding Fundsmith

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Great, thank you. I don't see why would anyone go to R, even on online platforms. I guess the platform pockets the 0.5%...
Some platforms only offer R (Selftrade a few years back), no doubt life insurance companies offering the fund would too.

It's always cheaper to pay for financial advice by the hour, 'FREE' advise is always expensive.
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Old 28.09.2018, 10:02
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Re: Question regarding Fundsmith

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It's always cheaper to pay for financial advice by the hour, 'FREE' advise is always expensive.

Yes indeed, I owe you one. Next time I'm in Verbier I'll pay the beers.
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Old 09.10.2018, 14:19
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Re: Question regarding Fundsmith

A few of Terry's top holdings have taken a slap in the last weeks / months: Philip Morris, Facebook, Novo Nordisk...

Some of them look like good buys at this point imo
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