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  #81  
Old 04.03.2020, 21:44
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Re: Another fundsmith question

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Ok thanks. Can you tell me where you get those figures from?

Also how did you invest with them? Was it online?
https://www.fundsmith.co.uk/global/eu/fund-factsheet

Prices will be sharply higher tomorrow at US Markets up roughly 3.8% today.

You can download the paperwork & make a Bank transfer, I suspect you will have to invest in Euros. The advantage of the Luxembourg fund is it's an EU fund, so nothing will change next year in the event of a hard BREXIT & no agreement with the EU.

The Luxembourg fund was originally a feeder fund, investing directly in the UK fund. Jim a forensic accountants on the forum did not like the concept of feeder funds. Due to BREXIT the Luxembourg fund is now a stand alone fund with €4.1 billion of assets. It holds the same stocks as the UK fund however percentage allocations will change slightly on a daily basis as investment & redemptions in both funds will never match. Performance will be close but not identical, Luxembourg fund has slightly higher charges. There are only a tiny no of investors in the Lux fund, probably below 1000, there were less than 300 a couple of years ago when I asked!
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  #82  
Old 05.03.2020, 17:12
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Re: Another fundsmith question

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https://www.fundsmith.co.uk/global/eu/fund-factsheet

Prices will be sharply higher tomorrow at US Markets up roughly 3.8% today.

You can download the paperwork & make a Bank transfer, I suspect you will have to invest in Euros. The advantage of the Luxembourg fund is it's an EU fund, so nothing will change next year in the event of a hard BREXIT & no agreement with the EU.

The Luxembourg fund was originally a feeder fund, investing directly in the UK fund. Jim a forensic accountants on the forum did not like the concept of feeder funds. Due to BREXIT the Luxembourg fund is now a stand alone fund with 4.1 billion of assets. It holds the same stocks as the UK fund however percentage allocations will change slightly on a daily basis as investment & redemptions in both funds will never match. Performance will be close but not identical, Luxembourg fund has slightly higher charges. There are only a tiny no of investors in the Lux fund, probably below 1000, there were less than 300 a couple of years ago when I asked!
From what amount upwards can you invest in it directly ?
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  #83  
Old 05.03.2020, 22:22
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Re: Another fundsmith question

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From what amount upwards can you invest in it directly ?
If you click on the link you will find all the information you are looking for
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  #84  
Old 06.03.2020, 11:38
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Re: Another fundsmith question

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If you click on the link you will find all the information you are looking for
Looks like

T Class Acc 1.12% 2,000 41.31
T Class Inc 1.12% 2,000 39.04
R Class Acc 1.62% 2,000 39.75
R Class Inc 1.62% 2,000 39.03

have a 2k minimum amount, which is reasonable but fees are quite steep for these types of units.

Regarding accumulating units and filing taxes, do they provide any income tax report at end of year? - if not it makes sense to go for the income units purely to simplify the process of filling taxes.
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  #85  
Old 13.03.2020, 08:35
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Re: Another fundsmith question

I'm scared to ask.
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  #86  
Old 13.03.2020, 10:13
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Re: Another fundsmith question

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I'm scared to ask.
Being that valuation is 12 noon UK time but 2/3 assets are quoted in the US it's impossible to say exactly. I believe the stocks have fallen less than the index's, which is what I would expect as the business's are defensive. The worst hit I believe would be Amadeus the airlines booking software that creates the airline booking codes eg RDXWYG. You should remember that 2019 Fundsmith performance in Euro was +32.5%, so any reasonably long term holder will still be in reasonable shape.

I will be a net buyer of stock over the next 12 months assuming I sell my ski pad (Bought a much bigger place which completes on 20th March) so hoping recovery will not be too quick, falling prices must be seen as an opportunity, I remember everyone laughing at me when Apple was collapsing 7/8 years ago, it was my biggest holding & I said I was not bothered as I wanted to buy more stock. The price doubled over the next 18 months.
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  #87  
Old 13.03.2020, 11:36
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Re: Another fundsmith question

yeah. some huge bargains in the making now. i'm pissed that i burned most of my liquidity on a new house purchase and renovation work
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  #88  
Old 13.03.2020, 11:48
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Re: Another fundsmith question

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yeah. some huge bargains in the making now. i'm pissed that i burned most of my liquidity on a new house purchase and renovation work
Just done exactly the same!
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  #89  
Old 14.03.2020, 10:34
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Re: Another fundsmith question

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yeah. some huge bargains in the making now. i'm pissed that i burned most of my liquidity on a new house purchase and renovation work
Which stocks are in your opinion the biggest bargains at the moment? Cruise line stocks like RCL could be a good bet if they manage to survive
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  #90  
Old 15.03.2020, 12:11
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Re: Another fundsmith question

what are the current bargains? already hold lot of TECH stocks (AAPL, MSFT, GOOGL and QQQ), anyone willing to risk on BA (Boeing) ?
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  #91  
Old 15.03.2020, 12:23
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Re: Another fundsmith question

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what are the current bargains? already hold lot of TECH stocks (AAPL, MSFT, GOOGL and QQQ), anyone willing to risk on BA (Boeing) ?
Regarding BA:
1. The dividend has been frozen
2. It has started using its revolving credit facilities (~$10nb)
3. It has aasked its employees not to do any more overtime in order to save money.
4. Several airlines have started cancelling orders.

Regarding the other stocks you have mentioned: MSFT, AAPL and GOOGL account for ~30% of QQQ. Buying more of those stocks doesn't seem very wise from a risk management perspective.

Last edited by Dr Mick; 15.03.2020 at 12:24. Reason: fixed holdings %
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  #92  
Old 15.03.2020, 12:26
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Re: Another fundsmith question

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what are the current bargains? already hold lot of TECH stocks (AAPL, MSFT, GOOGL and QQQ), anyone willing to risk on BA (Boeing) ?
Airline companies, if you ask Buffett
They happen to go bust from time to time though.
And get money from governments/whatever after that.
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  #93  
Old 15.03.2020, 18:11
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Re: Another fundsmith question

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yeah. some huge bargains in the making now. i'm pissed that i burned most of my liquidity on a new house purchase and renovation work
Are they really that huge?
(US) Prices are mostly where they were 6-12 months ago or so.
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  #94  
Old 15.03.2020, 18:47
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Re: Another fundsmith question

aircraft manufacturers are duopoly (higher margins) and heavily backed by their respective governments (means no new entrants from western countries), further more BA has lot of government / military contracts (provides a floor).

I am not investing for Dividend but for good longterm capital gains. I prefer QQQ to S&P500 as these are faster growing companies and I believe QQQ will outperform S&P500.

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Regarding BA:
1. The dividend has been frozen
2. It has started using its revolving credit facilities (~$10nb)
3. It has aasked its employees not to do any more overtime in order to save money.
4. Several airlines have started cancelling orders.

Regarding the other stocks you have mentioned: MSFT, AAPL and GOOGL account for ~30% of QQQ. Buying more of those stocks doesn't seem very wise from a risk management perspective.
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  #95  
Old 15.03.2020, 19:26
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Re: Another fundsmith question

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further more BA has lot of government / military contracts (provides a floor).
Not much success on that front either

https://qz.com/1772970/boeing-suffer...es-off-course/

https://www.businessinsider.com/boei...20-1?r=US&IR=T

Note, I am not saying BA will go bust, but just stressing that they seem to be having quite a few problems
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  #96  
Old 15.03.2020, 20:17
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Re: Another fundsmith question

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. . .
Note, I am not saying BA will go bust, but just stressing that they seem to be having quite a few problems
If BA continue to spend that new ~$10billion credit as they have been accustomed to, on generous share buy back schemes etc., to inflate the value of their management stock options, instead of frittering it away on such extravagances as product development, things will look good concerning the share price, at least in the short term.
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  #97  
Old 16.03.2020, 07:47
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Re: Another fundsmith question

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Are they really that huge?
(US) Prices are mostly where they were 6-12 months ago or so.
as a whole they are still expensive, but there are specific stocks which are bargains.
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  #98  
Old 17.03.2020, 10:53
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Re: Another fundsmith question

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as a whole they are still expensive, but there are specific stocks which are bargains.
such as?
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Old 17.03.2020, 13:13
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Re: Another fundsmith question

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such as?
I agree. US market is still very expensive. S&P500 should drop to 1800 at least and this is just 2015 levels we are talking about.

There are some stocks though that are very cheap (because of the risks), these are called value stocks.
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  #100  
Old 18.03.2020, 11:24
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Re: Another fundsmith question

I put in a small buy limit on SSON at GBP900 a few weeks ago and it just got triggered. And the price is still falling. Damn...
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