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  #261  
Old 07.01.2021, 23:18
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Re: Another fundsmith question

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I just saw that FS bought LVMH in Nov/Dec.
He finally bought something not included in the Nasdaq
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  #262  
Old 08.01.2021, 11:14
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Re: Another fundsmith question

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He finally bought something not included in the Nasdaq
FS holds 30% Tech v 29% for S&P 500, although TS would not consider many of his Technology holdings as Tech.
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  #263  
Old 05.02.2021, 11:52
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Re: Another fundsmith question

Another FS question ...

After analyzing the data and looking into their fact sheets:
https://www.fundsmith.co.uk/fund-factsheet

I was very impressed with the superior performance of FS over the years and decided to purchase:

Fundsmith Equity Feeder Class R EUR Acc

There are application forms available under:
https://www.fundsmith.co.uk/documents

However, it shows that it can also be bought by online broker e.g. IB or SQ via subscription.

When you purchase it this way, the amount invested doesn’t get automatically cleared the same moment and order stays in “subscription” mode. Wonder how long it takes to process it? Will they send me some paper work or contact by phone?
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  #264  
Old 05.02.2021, 12:12
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Re: Another fundsmith question

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Another FS question ...

After analyzing the data and looking into their fact sheets:
https://www.fundsmith.co.uk/fund-factsheet

I was very impressed with the superior performance of FS over the years and decided to purchase:

Fundsmith Equity Feeder Class R EUR Acc

There are application forms available under:
https://www.fundsmith.co.uk/documents

However, it shows that it can also be bought by online broker e.g. IB or SQ via subscription.

When you purchase it this way, the amount invested doesn’t get automatically cleared the same moment and order stays in “subscription” mode. Wonder how long it takes to process it? Will they send me some paper work or contact by phone?
As a retail investor the preferred share class is the the T Class due to lower TER. For simplicity, as a Swiss resident, I recommend purchasing on IB. See my earlier post here for more info.
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  #265  
Old 05.02.2021, 12:17
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Re: Another fundsmith question

I don't understand why you'd go for the Euro option over £ as it seems to be a huge faff and more expensive.

And yes, you want T class, not R class. You won't be able to buy R, nor would you want to.
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  #266  
Old 05.02.2021, 13:01
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Re: Another fundsmith question

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Another FS question ...

After analyzing the data and looking into their fact sheets:
https://www.fundsmith.co.uk/fund-factsheet

I was very impressed with the superior performance of FS over the years and decided to purchase:

Fundsmith Equity Feeder Class R EUR Acc

There are application forms available under:
https://www.fundsmith.co.uk/documents

However, it shows that it can also be bought by online broker e.g. IB or SQ via subscription.

When you purchase it this way, the amount invested doesn’t get automatically cleared the same moment and order stays in “subscription” mode. Wonder how long it takes to process it? Will they send me some paper work or contact by phone?
DO NOT BUY R class through a broker, they get 0.5% kickback per year forever. Having said that HL fo charge 0.45% however they give you the I class. This is one of the reasons I have now (yesterday) upped my Smithson holdings to equal F.S. In roughly 2 years I suspect the Smithson will be 65% of the holding due to higher growth rates.
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  #267  
Old 05.02.2021, 13:12
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Re: Another fundsmith question

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When you purchase it this way, the amount invested doesn’t get automatically cleared the same moment and order stays in “subscription” mode. Wonder how long it takes to process it? Will they send me some paper work or contact by phone?
Via IB took one day for the holding to appear in my account.
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  #268  
Old 05.02.2021, 13:15
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Re: Another fundsmith question

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Via IB took one day for the holding to appear in my account.
That would make sense as trades are executed once a day at 12.00 noon. With Hargreaves Lansdown contract notes arrive in the afternoon (14.13 yesterday UK time, the order was placed around 23.00 the night before)
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  #269  
Old 05.02.2021, 13:20
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Re: Another fundsmith question

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That would make sense as trades are executed once a day at 12.00 noon. With Hargreaves Lansdown contract notes arrive in the afternoon (14.13 yesterday UK time, the order was placed around 23.00 the night before)
Interesting to know.. Thanks!

Forgot to mention that I wasn't contacted by phone nor I received any paperwork (I don't think I will)
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  #270  
Old 05.02.2021, 13:23
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Re: Another fundsmith question

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Interesting to know.. Thanks!

Forgot to mention that I wasn't contacted by phone nor I received any paperwork (I don't think I will)
I sent a fax to Luxembourg at about the same time last night, I will have the money in my bank account before I receive the contract note! If only they would send by email as they now do with their monthly statement.
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  #271  
Old 05.02.2021, 13:38
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Re: Another fundsmith question

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I sent a fax to Luxembourg at about the same time last night, I will have the money in my bank account before I receive the contract note! If only they would send by email as they now do with their monthly statement.
So you are selling Fundsmith...

to buy Smithson I guess
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  #272  
Old 05.02.2021, 13:44
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Re: Another fundsmith question

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So you are selling Fundsmith...

to buy Smithson I guess
Indeed, have increased my Smithson holding about 18% this year, it became my largest holding yesterday (just).

Current Holdings
Smithson 45.5%
Fundsmith 45.5%
Legacy investments 5%
Cash 4%

Of course the legacy investments out performed by a huge margin stated in USD
1 year 91.83% 3 years 40.87% compound 5 years 31.89% compound since inception 10/28/09 22.31%, perhaps retiring early & playing safe was an expensive mistake!

Last edited by fatmanfilms; 05.02.2021 at 14:00.
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  #273  
Old 05.02.2021, 14:19
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Re: Another fundsmith question

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I sent a fax to Luxembourg at about the same time last night, I will have the money in my bank account before I receive the contract note! If only they would send by email as they now do with their monthly statement.
Why are they still using the fax way? Is it for security reasons or is it something else that I'm missing?
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  #274  
Old 05.02.2021, 14:21
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Re: Another fundsmith question

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Why are they still using the fax way? Is it for security reasons or is it something else that I'm missing?
I believe it's something to do with regulations, since I use pamfax online it's not as if they can fax me back!
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  #275  
Old 05.02.2021, 14:55
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Re: Another fundsmith question

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DO NOT BUY R class through a broker, they get 0.5% kickback per year forever. Having said that HL fo charge 0.45% however they give you the I class. This is one of the reasons I have now (yesterday) upped my Smithson holdings to equal F.S. In roughly 2 years I suspect the Smithson will be 65% of the holding due to higher growth rates.
My 3a has outperformed FS this year I think
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  #276  
Old 11.02.2021, 16:22
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Re: Another fundsmith question

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I sent a fax to Luxembourg at about the same time last night, I will have the money in my bank account before I receive the contract note! If only they would send by email as they now do with their monthly statement.
The Fax would have arrived for the start of business on Friday 5th, My bank account was credited today Thursday 11th February so 4 business days later. I suspect I will receive the contract note in the next week.
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  #277  
Old 11.02.2021, 17:40
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Re: Another fundsmith question

I can just say that I invested a smaller amount in Fundsmith on the recommendations of FMF and that works very well. I am definitely going to invest more, especially when I compare it to some other investments I have.


Thanks FMF!
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  #278  
Old 16.02.2021, 18:40
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Re: Another fundsmith question

I think i've spotted an "Easter Egg" regarding Fundsmith.

The MEXID's of the various share classes all look like an appreviation of Fundsmith, e.g. I Inc is FUUNDS, R Acc is FUNDSM

However, I Acc is "FUQUIT"... maybe its just my juvenile mind.

In more serious news - Terry has re-entered his beloved toothpaste market and bought Church and Dwight. Rather surprised by that one, but lets see how it does.

Last edited by HickvonFrick; 16.02.2021 at 18:51.
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  #279  
Old 22.02.2021, 22:56
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Re: Another fundsmith question

From 1 March it will be possible to deal with Fundsmith Luxembourg by email.
The administrators of the fund will change to Northern Trust.

New personal account no
New Bank Account no's for investment
New phone no + 352 28 294 468
New email Fundsmith-email-dealing@ntrs.com

To be able to deal by email you have to sign a form & sent it by post. I received this info from a secure email surver about 15 minutes ago.
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  #280  
Old 23.02.2021, 10:44
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Re: Another fundsmith question

FS down 2-3% in the last week (mostly currency related as the pound is soaring) vs SMT 15%.

This would be the volatility / risk FMF warns about

On the other hand this could be a buying opportunity for SMT. It fell from 969 to 849 very rapidly late last year and I scooped up quite a bit.

Last edited by HickvonFrick; 23.02.2021 at 11:02.
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