Fundsmith FEET 2018 - Page 2

fatmanfilms · #21 11.07.2018, 14:27

	Quote:	Enohzee
	1.91% total expense ratio...which includes management charges, plus trading charges etc. ....1.91% is huge

Not on the sort of stocks owned.

Enohzee · #22 11.07.2018, 14:36

	Quote:	fatmanfilms
	Not on the sort of stocks owned.

You pay your money, you take your choice I guess.

I think it's highly unlikely he'll beat his benchmark.. or an standard ETF like VWO, over 10 years with his huge fees.

He's shown he's good at running a concentrated developed market fund over the last few years, same par as Nick Train, but I'm not at all tempted to invest in this FEET fund

EPMike · #23 11.07.2018, 15:42

	Quote:	fatmanfilms
	Higher growth rates of good business's will trump many fold on a 30 year view, paying a fair price for a good business is way better than paying a good price for a fair business. The third biggest stock in the index is Samsung 3.84% which is already a global business not really what this is about IMHO. 10% would seem overweight if you were looking for a balanced portfolio, I am under 1%, the market will give me the opportunity to buy at a discount to NAV during the next market crash, I know you prefer $ cost averaging.

So 10% in EM would be overweight? It is below the GDP % in EMs...

I am still in my thirties and just building up my portfolio, so 1% for me would mean no more than a couple of thousands...

fatmanfilms · #24 11.07.2018, 16:38

	Quote:	EPMike
	So 10% in EM would be overweight? It is below the GDP % in EMs... I am still in my thirties and just building up my portfolio, so 1% for me would mean no more than a couple of thousands...

As a % of stock market valuation v global valuation of all listed companies. (UK 3% France 1.9% Germany 1.8% India 1.7% Switzerland 1.4%)
Clearly over the next 30 years the EM co growth rate will be many times that of the developed world for companies that are actually doing all their business in those countries. They will be way more volatile in any period of uncertainty so the time to buy is not when everything is going OK but when it looks like the end of civilisation that happens relatively often with the stock market, which frightens the general public.