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  #661  
Old 12.06.2021, 15:24
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Re: Equity Portfolio Advice

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If you had to park some cash (say 25k-50k) for a year, how would you do it nowadays?

We already have Fundsmith, Vanguard, and Smithson for the longer term.
Our planned purchase has been delayed for a bit, so we've more cash than we need for rainy day lying around doing nothing.

In ye olden days (a decade ago), we could get fixed term bank bond at 4-5%
Can be Euros or Chuffs
Either keep it in cash or put in your standard equity investments with the knowledge there's a chance you'll have to sell at a loss. Not sure there's any alternatives these days.
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  #662  
Old 12.06.2021, 15:26
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Re: Equity Portfolio Advice

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Either keep it in cash or put in your standard equity investments with the knowledge there's a chance you'll have to sell at a loss. Not sure there's any alternatives these days.
What I suspected, thanks.
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  #663  
Old 12.06.2021, 15:29
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Re: Equity Portfolio Advice

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This is why people underperform the market, they buy what has been good in the recent past, hence people piling into SMT at the end of last year, it's been a dog ever since.
SMT NAV on Friday: 1272.72p
SMT NAV on 31/12/2021: 1158.62p

9.85% return in GBP (not including dividends)

Fundsmith T Acc on Friday: 596.01p
End of 2020: 549.31p
8.67% in GBP (including dividends)

FTSE all world in GBP up 6.7% YTD
https://www.morningstar.co.uk/uk/etf...?id=0P0000WAHE

In terms of share price yes Fundsmith wins but SMTs underlying investments have actually done better despite value outperforming growth (and Fundsmith being more towards the value end compared to SMT). I think calling it a dog is rather unfair!

There's some decent discounts in the tech trusts at the minute. ATT was at -9% last week. SMT at -4%.

In general closed ended non-dividend paying trusts are tax efficient to hold as a Swiss resident. If you own open ended funds you pay tax on the underlying companies dividends. With many closed ends you don't.

In general, beating SMT over any significant time period in a diversified fund is very tough.

Last edited by HickvonFrick; 12.06.2021 at 16:34.
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  #664  
Old 14.06.2021, 12:05
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Re: Equity Portfolio Advice

It’s a big deal this week with NVDA 4:1 split, do you reckon it will go up in value much?
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  #665  
Old 14.06.2021, 12:28
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Re: Equity Portfolio Advice

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It’s a big deal this week with NVDA 4:1 split, do you reckon it will go up in value much?
I reckon the value is not determined by how many shares are outstanding. The price could go down.
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  #666  
Old 14.06.2021, 20:11
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Re: Equity Portfolio Advice

Trying to time stock markets is a mugs game and likely to end in tears!
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  #667  
Old 14.06.2021, 21:23
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Re: Equity Portfolio Advice

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Trying to time stock markets is a mugs game and likely to end in tears!
I was more asking because I like the company, already have shares that, until now didn’t have much value…
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  #668  
Old 14.06.2021, 21:25
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Re: Equity Portfolio Advice

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It’s a big deal this week with NVDA 4:1 split, do you reckon it will go up in value much?
in theory the market cap of the company should be agnostic to the price. in practice, it probably wont be for a variety of stupid reasons/'investors'.
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  #669  
Old 14.06.2021, 21:28
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Re: Equity Portfolio Advice

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I was more asking because I like the company, already have shares that, until now didn’t have much value…
Normally the share price as based of paying for all the future earnings the company will make at a discount, however recently companies with no earnings have been ramped up.

If you hold a share for say 40 years, the price will appreciate by the earnings and the compound rate of return over that period. This will have a far greater impact on your returns than the PE.
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  #670  
Old 14.06.2021, 22:01
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Re: Equity Portfolio Advice

Is it me or is the value rally running out of steam. NASDAQ 6 month performance (13.6%) is rapidly catching the Dow Jones (15.1%).

1 month performance - Nasdaq at 6.12%. Dow Jones at 0.12%.

Remainder from the uk that Covid still has legs until vaccination % is very high and probably there will be restrictions over winter. Especially in the US given the poor takeup. Realistically will be 2022 before this is all over.
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  #671  
Old 15.06.2021, 11:57
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Re: Equity Portfolio Advice

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Is it me or is the value rally running out of steam.
Don't say that, I've only just filled up my allocations into 'value'.

I would not be surprised though with my luck. If I fell into a barrel of boobs I'd come out sucking my thumb.
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  #672  
Old 15.06.2021, 16:21
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Re: Equity Portfolio Advice

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... Fundsmith being more towards the value end compared to SMT
I agree with your point about SMT. To avoid confusion Fundsmith is not a value investment strategy. They follow a Quality strategy which often contradicts value. For example they will invest in companies with high Price over Earnings if Return on Capital and other criteria are met.
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  #673  
Old 16.06.2021, 08:36
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Re: Equity Portfolio Advice

Fundsmith just crossed 6GBP yesterday. Yey

A small step for a fund, a giant leap for fmf
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  #674  
Old 16.06.2021, 08:47
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Re: Equity Portfolio Advice

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Fundsmith just crossed 6GBP yesterday. Yey

A small step for a fund, a giant leap for fmf
IIRC you PM'd me when it passed £4 a few years ago!

It's up also 200% in euros since retiring in September 2014 i.e €1000 became €3000
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  #675  
Old 16.06.2021, 09:16
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Re: Equity Portfolio Advice

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IIRC you PM'd me when it passed £4 a few years ago!

It's up also 200% in euros since retiring in September 2014 i.e €1000 became €3000
Long may the trend continue
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  #676  
Old 16.06.2021, 13:16
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Re: Equity Portfolio Advice

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Long may the trend continue
I hope so also having followed through with my dive into the abyss that is the stock market, at what seems like the peak.
I hope I'm not the guy remembered for going all in on the cusp the the GFC2.
30% FS
30% SWDA
40% SSON

I'm doing the maths at the weekend and may add some more to FS.

Speaking of which, how much do people keep in cash/easy access for the rainy day?
I hear 5% (seems way too low), or 6 months, or 3 years.
I guess if you're young enough you don't need much as new employment is not difficult to find, so 6 to 9 months should cover that, but at my age I'm in the twilight of working years so when this jobs goes, it could be my last well paid one and it's a stretch until I can draw a pension (@10 years).
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Old 16.06.2021, 13:25
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Re: Equity Portfolio Advice

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Speaking of which, how much do people keep in cash/easy access for the rainy day?
I hear 5% (seems way too low), or 6 months, or 3 years.
I guess if you're young enough you don't need much as new employment is not difficult to find, so 6 to 9 months should cover that, but at my age I'm in the twilight of working years so when this jobs goes, it could be my last well paid one and it's a stretch until I can draw a pension (@10 years).
I prefer to see it in time rather than a percentage of my total net worth.

I have set aside 2years of current living expenses, you can see I'm a really risk averse person
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  #678  
Old 16.06.2021, 13:36
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Re: Equity Portfolio Advice

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I hope so also having followed through with my dive into the abyss that is the stock market, at what seems like the peak.
I hope I'm not the guy remembered for going all in on the cusp the the GFC2.
30% FS
30% SWDA
40% SSON

I'm doing the maths at the weekend and may add some more to FS.

Speaking of which, how much do people keep in cash/easy access for the rainy day?
I hear 5% (seems way too low), or 6 months, or 3 years.
I guess if you're young enough you don't need much as new employment is not difficult to find, so 6 to 9 months should cover that, but at my age I'm in the twilight of working years so when this jobs goes, it could be my last well paid one and it's a stretch until I can draw a pension (@10 years).
I tend to keep at most 5k Swiss francs.
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  #679  
Old 16.06.2021, 13:38
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Re: Equity Portfolio Advice

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I tend to keep at most 5k Swiss francs.
I had a vet's bill that was higher than that.
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Old 16.06.2021, 13:40
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Re: Equity Portfolio Advice

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I tend to keep at most 5k Swiss francs.
This post gives me anxiety.

Did you manage to persuade your wife that it's ok to sit below a 6 figure account?

Last edited by IslanderInTheMountains; 16.06.2021 at 14:04.
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