Go Back   English Forum Switzerland > Help & tips > Finance/banking/taxation  
Reply
 
Thread Tools Display Modes
  #1  
Old 14.05.2018, 21:14
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,435
Groaned at 269 Times in 175 Posts
Thanked 16,248 Times in 6,903 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Another fundsmith question

is there anywhere collected already information about distributions on an annual basis for the T class shares. i'm doing my tax returns...
Reply With Quote
  #2  
Old 14.05.2018, 21:28
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,513
Groaned at 297 Times in 245 Posts
Thanked 16,550 Times in 9,131 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Another fundsmith question

Quote:
View Post
is there anywhere collected already information about distributions on an annual basis for the T class shares. i'm doing my tax returns...
It's on the website or hopefully in the photo below if it will fit. I class cut off!
https://www.fundsmith.co.uk/fund-factsheet
Attached Thumbnails
another-fundsmith-question-screen-shot-2018-05-14-21.26.39.png  
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #3  
Old 14.05.2018, 22:13
JoeUK's Avatar
Forum Veteran
 
Join Date: Aug 2009
Location: Au
Posts: 630
Groaned at 30 Times in 26 Posts
Thanked 817 Times in 441 Posts
JoeUK has an excellent reputationJoeUK has an excellent reputationJoeUK has an excellent reputationJoeUK has an excellent reputation
Re: Another fundsmith question

Quote:
View Post
It's on the website or hopefully in the photo below if it will fit. I class cut off!
https://www.fundsmith.co.uk/fund-factsheet
Tried finding the same for the EUR fund in the past , never did.
Reply With Quote
  #4  
Old 14.05.2018, 22:31
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,513
Groaned at 297 Times in 245 Posts
Thanked 16,550 Times in 9,131 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Another fundsmith question

Quote:
View Post
Tried finding the same for the EUR fund in the past , never did.
On the Euro fun page, the info for UK taxpayers is provided, dates, distributions etc are shown so you can get the info required for CH
https://www.fundsmith.co.uk/global/eu/documents
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #5  
Old 15.05.2018, 09:15
me.anon's Avatar
Forum Veteran
 
Join Date: Jan 2012
Location: thun
Posts: 1,964
Groaned at 39 Times in 28 Posts
Thanked 2,565 Times in 1,248 Posts
me.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond reputeme.anon has a reputation beyond repute
Re: Another fundsmith question

If it is your Swiss tax return, you may find these here:

https://www.ictax.admin.ch/extern/de.../ratelist/2017

Incidentally, I get a statement from my bank here which contains all the preparation for the tax returns. I simply have to include it with my tax return and transcribe 2 or 3 figures from it.

In the past, that has been accepted by the tax authorities here without amendment. But, I've just has a mail from them regarding the 2016 tax return, amending the values for 2 accumulating funds with what looks like an assumed 2.5% distribution, which makes these look rather expensive now. They quoted valuations from the above web site.
__________________
If you have difficulties with a post which contains a link to a site in one of the Swiss languages, use Google Translate or your own favourite translating browser.
Reply With Quote
This user would like to thank me.anon for this useful post:
  #6  
Old 15.05.2018, 11:50
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,435
Groaned at 269 Times in 175 Posts
Thanked 16,248 Times in 6,903 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Another fundsmith question

Yet another question. Has anyone tried to claim the management fees? IIRC, Fundsmith charges about 1% management fees. Arguably, you could deduct 1%... (ditto for OCF)

EDIT: it seems not https://www.steueramt.zh.ch/internet...tB-Nr-30-1.pdf
Reply With Quote
This user would like to thank Phil_MCR for this useful post:
  #7  
Old 26.07.2018, 10:33
Forum Veteran
 
Join Date: Mar 2010
Location: Greater Zürich Area
Posts: 841
Groaned at 112 Times in 70 Posts
Thanked 619 Times in 348 Posts
EPMike has earned the respect of manyEPMike has earned the respect of manyEPMike has earned the respect of many
Re: Another fundsmith question

adding facebook might have not been the best idea after all
Reply With Quote
This user would like to thank EPMike for this useful post:
  #8  
Old 26.07.2018, 14:43
Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 192
Groaned at 2 Times in 2 Posts
Thanked 72 Times in 56 Posts
Dr Mick has earned some respectDr Mick has earned some respect
Re: Another fundsmith question

Quote:
View Post
adding facebook might have not been the best idea after all
It's ~4% of the portfolio, so a 20% price drop has a < 1% performance impact on the fund.
Reply With Quote
  #9  
Old 26.07.2018, 14:56
Forum Veteran
 
Join Date: Mar 2010
Location: Greater Zürich Area
Posts: 841
Groaned at 112 Times in 70 Posts
Thanked 619 Times in 348 Posts
EPMike has earned the respect of manyEPMike has earned the respect of manyEPMike has earned the respect of many
Re: Another fundsmith question

Quote:
View Post
It's ~4% of the portfolio, so a 20% price drop has a < 1% performance impact on the fund.
4% is IMHO waaaay to much for a single speculative stock in such a fund.

Nevertheless, the fund performs well, but as said before this is the first pick of Terry that I truly questioned....
Reply With Quote
  #10  
Old 26.07.2018, 15:02
Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 192
Groaned at 2 Times in 2 Posts
Thanked 72 Times in 56 Posts
Dr Mick has earned some respectDr Mick has earned some respect
Re: Another fundsmith question

Quote:
View Post
4% is IMHO waaaay to much for a single speculative stock in such a fund.

Nevertheless, the fund performs well, but as said before this is the first pick of Terry that I truly questioned....
Well, FB has no debts and still grows at ~40% per year.
PM instead (also ~4% of the portfolio) has loads of debts and grows little. I am not sure which one is more speculative.
Reply With Quote
This user would like to thank Dr Mick for this useful post:
  #11  
Old 26.07.2018, 15:06
Member
 
Join Date: Dec 2015
Location: Zurich
Posts: 192
Groaned at 2 Times in 2 Posts
Thanked 72 Times in 56 Posts
Dr Mick has earned some respectDr Mick has earned some respect
Re: Another fundsmith question

Quote:
View Post
Well, FB has no debts and still grows at ~40% per year.
PM instead (also ~4% of the portfolio) has loads of debts and grows little. I am not sure which one is more speculative.

BTW, PM has also dropped by ~30% in the last few months...
Reply With Quote
  #12  
Old 26.07.2018, 16:31
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,513
Groaned at 297 Times in 245 Posts
Thanked 16,550 Times in 9,131 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Another fundsmith question

Quote:
View Post
adding facebook might have not been the best idea after all
It was significantly lower at around $152 & he was not bothered at all, the profits are real & growing at a staggering rate. I don't think he will loose any sleep.
Reply With Quote
  #13  
Old 26.07.2018, 20:57
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,435
Groaned at 269 Times in 175 Posts
Thanked 16,248 Times in 6,903 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Another fundsmith question

https://finance.yahoo.com/news/share...182600918.html

interestingly, FB drop was apparently the biggest drop in the history of the stock market.

https://www.cnbc.com/2018/07/26/face...hoo&yptr=yahoo
Reply With Quote
  #14  
Old 27.07.2018, 16:13
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,513
Groaned at 297 Times in 245 Posts
Thanked 16,550 Times in 9,131 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Another fundsmith question

Quote:
View Post
https://finance.yahoo.com/news/share...182600918.html

interestingly, FB drop was apparently the biggest drop in the history of the stock market.

https://www.cnbc.com/2018/07/26/face...hoo&yptr=yahoo
Facebook generated $13.2bn in revenue in one quarter – a 42% increase over the same quarter a year before. Facebook also reported a 31% jump in profits over the same quarter last year. The shares fell 20%, remember in the short term the market is a voting machine in the long term its a weighing machine. If it falls further this could be a once in 5 year opportunity as Apple was when it fell out of favour.
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #15  
Old 27.07.2018, 16:35
Phil_MCR's Avatar
Forum Legend
 
Join Date: Oct 2009
Location: Basel
Posts: 13,435
Groaned at 269 Times in 175 Posts
Thanked 16,248 Times in 6,903 Posts
Phil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond reputePhil_MCR has a reputation beyond repute
Re: Another fundsmith question

i'm torn on FB, in the long term there's a lot going for it (they have barely started to monetize messenger or IG) but this drop was the drop I was waiting for almost a year ago. i suspect another drop next Q if the slowdown in users/revenue is shown to be real and not just a blip.
Reply With Quote
  #16  
Old 28.07.2018, 13:57
Forum Veteran
 
Join Date: Feb 2012
Location: CH
Posts: 2,304
Groaned at 87 Times in 73 Posts
Thanked 2,002 Times in 1,123 Posts
ivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond reputeivank has a reputation beyond repute
Re: Another fundsmith question

Quote:
View Post
Facebook generated $13.2bn in revenue in one quarter – a 42% increase over the same quarter a year before. Facebook also reported a 31% jump in profits over the same quarter last year.
This was expected and not why they fell

Quote:
The shares fell 20%, remember in the short term the market is a voting machine in the long term its a weighing machine.
The long term concerns from their guidance is exactly why they fell

Quote:
If it falls further this could be a once in 5 year opportunity as Apple was when it fell out of favour.
Or the aggressive overmonetization and stagnation in user growth could turn them into another myspace which never recovered when it fell out of favor
Reply With Quote
  #17  
Old 28.07.2018, 18:30
fatmanfilms's Avatar
Forum Legend
 
Join Date: Apr 2010
Location: Verbier
Posts: 17,513
Groaned at 297 Times in 245 Posts
Thanked 16,550 Times in 9,131 Posts
fatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond reputefatmanfilms has a reputation beyond repute
Re: Another fundsmith question

Fundsmith has beaten the S&P 500 index by a huge factor on 3 months, 6 months, 1 year, 3 years & 5 Years. I won't be loosing any sleep.
Attached Thumbnails
another-fundsmith-question-screen-shot-2018-07-28-18.29.48.png  
Reply With Quote
This user would like to thank fatmanfilms for this useful post:
  #18  
Old 04.09.2018, 15:48
Forum Veteran
 
Join Date: Mar 2010
Location: Greater Zürich Area
Posts: 841
Groaned at 112 Times in 70 Posts
Thanked 619 Times in 348 Posts
EPMike has earned the respect of manyEPMike has earned the respect of manyEPMike has earned the respect of many
Re: Another fundsmith question

FYI: Terry Smith launches global smaller companies trust

Could be a good alternative (or complement) to EWI

Last edited by EPMike; 04.09.2018 at 16:27.
Reply With Quote
The following 2 users would like to thank EPMike for this useful post:
  #19  
Old 04.09.2018, 16:42
Forum Veteran
 
Join Date: Mar 2014
Location: Neuchatel
Posts: 686
Groaned at 1 Time in 1 Post
Thanked 267 Times in 182 Posts
Enohzee is considered knowledgeableEnohzee is considered knowledgeableEnohzee is considered knowledgeable
Re: Another fundsmith question

Quote:
View Post
FYI: Terry Smith launches global smaller companies trust

Could be a good alternative (or complement) to EWI
Thanks for sharing.

I'm glad it's a trust rather than a fund. Much more flexible and potentially cheaper (0.9% total by the look of it). Will keep my eye on it. Bear in mind the premium/discount to NAV factor when looking at closed-end trusts.

There's also Finsbury Growth & Income Trust (FGT.L) which has a similar strategy to Fundsmith Equity and in trust format.
Reply With Quote
  #20  
Old 23.11.2018, 16:35
Forum Veteran
 
Join Date: Mar 2010
Location: Greater Zürich Area
Posts: 841
Groaned at 112 Times in 70 Posts
Thanked 619 Times in 348 Posts
EPMike has earned the respect of manyEPMike has earned the respect of manyEPMike has earned the respect of many
Re: Another fundsmith question

so did anyone here invest in Smithson? What do you think of its current NAV premium?
Reply With Quote
Reply




Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Question regarding Fundsmith Dr Mick Finance/banking/taxation 158 30.07.2019 10:24
Another wiring question... krn Housing in general 16 10.09.2017 14:40
Another DIY question PaddyG Daily life 28 04.09.2016 12:17
Another English question crm Other/general 4 17.09.2009 10:08
Another Salary question lumpy Employment 9 29.08.2008 11:08


All times are GMT +2. The time now is 14:28.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
LinkBacks Enabled by vBSEO 3.1.0