 | | | 
01.03.2020, 17:00
| Forum Legend | | Join Date: Apr 2008 Location: Zurich
Posts: 4,110
Groaned at 80 Times in 59 Posts
Thanked 4,397 Times in 2,366 Posts
| | Re: Another fundsmith question
The "market" is really just a casino at this point.
And it's not even a "real" casino, it's a crooked casino.
Declaring insanity to be the new normal doesn't make it less insane.
| 
01.03.2020, 20:00
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | The "market" is really just a casino at this point.
And it's not even a "real" casino, it's a crooked casino.
Declaring insanity to be the new normal doesn't make it less insane. | | | | | There is nothing crooked about the stock market, it's just a market where you can get a price to buy & sell every day the market is open, with prices being offered changing every few seconds.
If your home was valued to market, it's value would be ZERO most of the time as you don't have a bid to support anything more.
| This user would like to thank fatmanfilms for this useful post: | | 
01.03.2020, 20:52
| Senior Member | | Join Date: Jul 2016 Location: GR
Posts: 459
Groaned at 21 Times in 17 Posts
Thanked 150 Times in 128 Posts
| | Re: Another fundsmith question | Quote: | |  | | | The "market" is really just a casino at this point.
And it's not even a "real" casino, it's a crooked casino.
Declaring insanity to be the new normal doesn't make it less insane. | | | | | Big developed markets like the US markets where regulators can catch many scammers (not all of course) are actually much safer markets to invest/trade your money. Think about real estate or even the used car markets how many crooks exist in these markets.
| This user would like to thank wantone for this useful post: | | 
01.03.2020, 20:59
|  | Forum Legend | | Join Date: Jun 2006 Location: Kt. Bern
Posts: 5,569
Groaned at 338 Times in 254 Posts
Thanked 9,182 Times in 4,012 Posts
| | Re: Another fundsmith question | Quote: | |  | | | Big developed markets like the US markets where regulators can catch many scammers (not all of course) are actually much safer markets to invest/trade your money. | | | | |
I doubt the shareholders of Enron, World Com, WorldCom and Lehmans, to mention a few would agree with you.
| 
01.03.2020, 21:06
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | I doubt the shareholders of Enron, World Com, WorldCom and Lehmans, to mention a few would agree with you. | | | | | Those companies were not manipulating the market price. Buyers just believed what management said & their Auditors confirmed.
| The following 2 users would like to thank fatmanfilms for this useful post: | | 
01.03.2020, 21:13
| Senior Member | | Join Date: Jul 2016 Location: GR
Posts: 459
Groaned at 21 Times in 17 Posts
Thanked 150 Times in 128 Posts
| | Re: Another fundsmith question | Quote: | |  | | | I doubt the shareholders of Enron, World Com, WorldCom and Lehmans, to mention a few would agree with you. | | | | | There are many fraudsters all over the world for example VW dieselgate, Tanaka airbags etc. Do you own research and buy established companies with real businesses.
| 
01.03.2020, 21:46
| Senior Member | | Join Date: Dec 2015 Location: Zurich
Posts: 282
Groaned at 4 Times in 4 Posts
Thanked 145 Times in 99 Posts
| | Re: Another fundsmith question | Quote: | |  | | | There are many fraudsters all over the world for example VW dieselgate, Tanaka airbags etc. Do you own research and buy established companies with real businesses. | | | | | Or buy the market and be done with it https://www.amazon.co.uk/Little-Book.../dp/B075Z6HSCJ
There is no need to be Gordon Gekko | 
01.03.2020, 22:09
| Senior Member | | Join Date: Jul 2016 Location: GR
Posts: 459
Groaned at 21 Times in 17 Posts
Thanked 150 Times in 128 Posts
| | Re: Another fundsmith question | Quote: | |  | | | | | | | | too late to buy the market.
| 
03.03.2020, 14:00
| Junior Member | | Join Date: Mar 2014 Location: Basserdorf
Posts: 63
Groaned at 2 Times in 2 Posts
Thanked 18 Times in 12 Posts
| | Re: Another fundsmith question
Another fundsmith question: How do you buy the smithson fund? | 
03.03.2020, 14:40
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | Another fundsmith question: How do you buy the smithson fund?  | | | | | On the London Stock Exchange, it was volatile yesterday with gyrations of about 8%, it's up another 4.8% this morning higher than on 10 December 2019 to put things in perspective.
| This user would like to thank fatmanfilms for this useful post: | | 
04.03.2020, 10:22
| Forum Veteran | | Join Date: Jul 2007 Location: Lausanne
Posts: 624
Groaned at 7 Times in 4 Posts
Thanked 248 Times in 160 Posts
| | Re: Another fundsmith question | Quote: | |  | | | Do you own research and buy established companies with real businesses. | | | | | Or buy FS as they do the heavy lifting of analyzing good companies
| The following 3 users would like to thank naza for this useful post: | | 
04.03.2020, 20:40
| Senior Member | | Join Date: Jul 2016 Location: GR
Posts: 459
Groaned at 21 Times in 17 Posts
Thanked 150 Times in 128 Posts
| | Re: Another fundsmith question | Quote: | |  | | | Or buy FS as they do the heavy lifting of analyzing good companies | | | | | there are many fund companies..not sure why some users in this forum promote this one. in any case you pay for whatever services they offer...
| 
04.03.2020, 20:44
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
Posts: 12,430
Groaned at 401 Times in 338 Posts
Thanked 16,613 Times in 7,584 Posts
| | Re: Another fundsmith question | Quote: | |  | | | there are many fund companies..not sure why some users in this forum promote this one. in any case you pay for whatever services they offer... | | | | | So far I am quite happy with their returns..... more so than with other funds. So that is for me a very good reason to buy more. They have an excellent track record if you look at those funds.
| 
04.03.2020, 21:06
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | there are many fund companies..not sure why some users in this forum promote this one. in any case you pay for whatever services they offer... | | | | | I have been interested in the Fund since 2012 & have followed Terry Smith for almost 30 years. I first mentioned the fund on the forum in 2013 & there was a chime of it's a new fund with no history. Fast forward 7 years & it's the no 1 performing fund Global fund since inception, 10 year figures at the end of the year.
You might want to buy his book 'Accounting for growth' first published in 1992, it got him sacked from UBS Philips & Drew where he was their chief Banking Analyst, he was unemployable for some time. However 18 months later 3 of the FTSE 100 companies he spoke about had gone bankrupt, he has always been outspoken & almost always spot on although very few people agreed with him at the time. https://www.amazon.co.uk/Accounting-...s%2C255&sr=8-1 | 
04.03.2020, 21:19
| Member | | Join Date: Jul 2017 Location: Zurich
Posts: 145
Groaned at 0 Times in 0 Posts
Thanked 103 Times in 57 Posts
| | Re: Another fundsmith question
I’m interested in the fund and tried to contact them without success. Can you tell me the best way to contact them? I’ve tried email and calling the Swiss guy.
| 
04.03.2020, 21:20
|  | Moderately Dutch | | Join Date: May 2011 Location: Zurich
Posts: 12,430
Groaned at 401 Times in 338 Posts
Thanked 16,613 Times in 7,584 Posts
| | Re: Another fundsmith question | Quote: | |  | | | I’m interested in the fund and tried to contact them without success. Can you tell me the best way to contact them? I’ve tried email and calling the Swiss guy. | | | | | What specifically do you want to know? They have a lot of information on the website.
| 
04.03.2020, 21:25
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | I’m interested in the fund and tried to contact them without success. Can you tell me the best way to contact them? I’ve tried email and calling the Swiss guy. | | | | | What 'Swiss guy' ? The funds are in the UK & Luxembourg based. I have spoken on the phone & had email communication with both.
| 
04.03.2020, 21:31
| Member | | Join Date: Jul 2017 Location: Zurich
Posts: 145
Groaned at 0 Times in 0 Posts
Thanked 103 Times in 57 Posts
| | Re: Another fundsmith question
I was going to ask them about tax implications for Swiss domiciled people and the reports they generate for that. I know they ask for your TIN. Also is the fund only GBP? Yes I’ve read the website.
They invest in US stocks (US$). The fund is GBP then I’m in CHF. What are the effective losses through that?
| 
04.03.2020, 21:57
|  | Forum Legend | | Join Date: Apr 2010 Location: Verbier
Posts: 21,376
Groaned at 461 Times in 352 Posts
Thanked 23,091 Times in 11,824 Posts
| | Re: Another fundsmith question | Quote: | |  | | | I was going to ask them about tax implications for Swiss domiciled people and the reports they generate for that. I know they ask for your TIN. Also is the fund only GBP? Yes I’ve read the website.
They invest in US stocks (US$). The fund is GBP then I’m in CHF. What are the effective losses through that? | | | | | They can’t give you advise
£ is just a valuation currency about 3% of the profits come from the U.K., rather like Nestle where 2% of profits come from CH.
You can see the performance in 4 currencies on the European website
| This user would like to thank fatmanfilms for this useful post: | | 
04.03.2020, 22:16
| Member | | Join Date: Jul 2017 Location: Zurich
Posts: 145
Groaned at 0 Times in 0 Posts
Thanked 103 Times in 57 Posts
| | Re: Another fundsmith question
Ok thanks. Can you tell me where you get those figures from?
Also how did you invest with them? Was it online?
Last edited by justpassingby; 04.03.2020 at 22:18.
Reason: Question
|
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | | Thread Tools | | Display Modes | Linear Mode |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts HTML code is Off | | | All times are GMT +2. The time now is 09:44. | |