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  #701  
Old 17.06.2021, 11:16
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Re: Equity Portfolio Advice

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since in switzerland, non-professional investors are not be subject to tax on their gains, this should be a non-issue here.
You can however deduct interest from income
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  #702  
Old 17.06.2021, 11:31
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Re: Equity Portfolio Advice

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Why was it a mistake? I thought you believe in TS's philosophy of time in market vs timing the market.
I do, however being in the position where you have to potentially liquidate to cover living expenses is not that clever either!
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  #703  
Old 18.06.2021, 16:06
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Re: Equity Portfolio Advice

At the time of writing the 6 months NASDAQ 100 performance (10.69%) has just overtaken the 6 months DJIA performance (10.55%).
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  #704  
Old 18.06.2021, 17:17
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Re: Equity Portfolio Advice

Industrials are getting a beating, while tech continues to explode. With all the countries reopening and the technical infrastructure investments running hot, I would have expected it to rise as well.

The price of hot rolled coil is at ATH by almost two orders of magnitude, supply doesn't meet demand (and neither they want to meet demand), China can't flood the market with cheap steel as there's no export tax rebate anymore, but yet the market is not interested in cyclical industrial companies.

In other news, I'm extremely happy with my SSON and FS holdings
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  #705  
Old 18.06.2021, 19:34
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Re: Equity Portfolio Advice

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At the time of writing the 6 months NASDAQ 100 performance (10.69%) has just overtaken the 6 months DJIA performance (10.55%).
I donít invest in any index
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  #706  
Old 20.06.2021, 10:17
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Re: Equity Portfolio Advice

Can anyone recommend WKHS stock?
https://ir.workhorse.com/
https://ir.workhorse.com/
Could it be the next Tesla in the work world?
Or simply a money sinkhole?
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  #707  
Old 20.06.2021, 15:47
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Re: Equity Portfolio Advice

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Can anyone recommend WKHS stock?
https://ir.workhorse.com/
https://ir.workhorse.com/
Could it be the next Tesla in the work world?
Or simply a money sinkhole?
Its a bit of a Reddit Wall Street Bets share. Here is what Motley Fool had to say about it:

"I feel that I should remind investors that out here in the real world, the bull case for Workhorse is somewhere between thin and nonexistent. The company, which has struggled for years to find and act on a viable business model, recently began small-scale production of an electric package-delivery van.

A year ago, Workhorse's electric van seemed like an intriguing bet. But now, with both Ford Motor Company (NYSE:F) and General Motors (NYSE:GM) set to begin shipping electric commercial vans of their own before the end of the year, and with a potential U.S. Postal Service contract going to a rival, Workhorse's chances of gaining market traction (much less of delivering the "disruption" that Redditors once hoped for) seem slim. Trade this one carefully."

Basically I would avoid.
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  #708  
Old 20.06.2021, 16:57
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Re: Equity Portfolio Advice

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In other news, I'm extremely happy with my SSON and FS holdings
I think I have enough exposure to FS & SSON, which I learned about here. Aside from flutters on such things as SMT, HANetf ICAV and Legal & General UCITS ETF most of my other exposure is in L&G US Index Class C (up 27%) with HL.

All told we are up 29% on FS and a measly 3.6% on SSON, all accounts combined.

I'm inclined to put most of whatever I invest in the rest of 2021-22 into QQQ/EQQQ. I thought about going for PRNT; but I left ARKK & ARKG (in the US a/c) a few months ago with $1,000 in gains; I would have made twice as much if I'd been quicker to get out.

I manage my daughter's US & UK pensions (SIPP & IRA). She had US$ left over so I put $2k each into AMZN, BAC, BIIB, COHU, COST, DELL, DIS, EW, FOCS, GOOGL, GSK, ISRG, WAT last year. BIIB was a dog until all of a sudden two weeks ago it wasn't. She insisted on DIS which is a wastrel. DELL was my choice: they laughed when I sat down to play [the piano] but I figured if people were going to work from home their firms would have to buy them new computers, and they did. COHU is a long shot (down 20% but still popular among analysts). Not counting her Roth IRA (non-taxable in US & UK and although she and her son are Swiss they are not leaving the UK in my lifetime; after that her siblings will fight over the house where we live and only HMRC & the lawyers will share the spoils) she's up over 30%. Her Roth dates from 2016. Her FTQGX is up over 100%.

I'm supposed to be living in the Valais but for 2 years I've hardly been there (I hate quarantine) and my apartment management is renting my flat to vacationers from Germany mostly. So unless I can fill in a convincing SA109 I'm taxable in 3 countries, of which the US gets to tax first for treaty and court decision reasons. I told Sion I demand Competent Authority on that (gov't service pension): that could take years unless they capitulate; the UK is out of the running since I'm not a citizen.

Last edited by Caryl; 20.06.2021 at 17:10.
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  #709  
Old 20.06.2021, 18:36
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Re: Equity Portfolio Advice

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I don’t invest in any index
You don't do 3a?

I'm putting this years in MSCI world quality (ex-CH). Top 10:

Facebook Inc 4.99
Microsoft Corp 4.97
Apple Inc 4.82
Johnson & Johnson 3.02
Visa Inc 2.55
Nvidia 2.53
Alphabet -C- 2.53
Alphabet -A- 2.53
Unitedhealth Group INC 2.44
ASML Holding 2.05

Looks solid Apart from J and J . 3 FS holdings and 1 SMT in the top 10.
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  #710  
Old 20.06.2021, 18:40
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Re: Equity Portfolio Advice

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I think I have enough exposure to FS & SSON, which I learned about here. Aside from flutters on such things as SMT, HANetf ICAV and Legal & General UCITS ETF most of my other exposure is in L&G US Index Class C (up 27%) with HL.

All told we are up 29% on FS and a measly 3.6% on SSON, all accounts combined.

I'm inclined to put most of whatever I invest in the rest of 2021-22 into QQQ/EQQQ. I thought about going for PRNT; but I left ARKK & ARKG (in the US a/c) a few months ago with $1,000 in gains; I would have made twice as much if I'd been quicker to get out.

I manage my daughter's US & UK pensions (SIPP & IRA). She had US$ left over so I put $2k each into AMZN, BAC, BIIB, COHU, COST, DELL, DIS, EW, FOCS, GOOGL, GSK, ISRG, WAT last year. BIIB was a dog until all of a sudden two weeks ago it wasn't. She insisted on DIS which is a wastrel. DELL was my choice: they laughed when I sat down to play [the piano] but I figured if people were going to work from home their firms would have to buy them new computers, and they did. COHU is a long shot (down 20% but still popular among analysts). Not counting her Roth IRA (non-taxable in US & UK and although she and her son are Swiss they are not leaving the UK in my lifetime; after that her siblings will fight over the house where we live and only HMRC & the lawyers will share the spoils) she's up over 30%. Her Roth dates from 2016. Her FTQGX is up over 100%.

I'm supposed to be living in the Valais but for 2 years I've hardly been there (I hate quarantine) and my apartment management is renting my flat to vacationers from Germany mostly. So unless I can fill in a convincing SA109 I'm taxable in 3 countries, of which the US gets to tax first for treaty and court decision reasons. I told Sion I demand Competent Authority on that (gov't service pension): that could take years unless they capitulate; the UK is out of the running since I'm not a citizen.
Allianz Technology Trust is trading at an unusually high discount at the minute (8%). Normally its around 0 or with a slight premium. Significantly outperformed QQQ historically.

And, as an added benefit, you aren't taxed on the companies dividends with ATT as its closed ended and the investment trust itself doesn't pay a dividend.
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  #711  
Old 20.06.2021, 18:48
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Re: Equity Portfolio Advice

Not so crazy, value tech.

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  #712  
Old 20.06.2021, 19:07
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Re: Equity Portfolio Advice

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You don't do 3a?

I'm putting this years in MSCI world quality (ex-CH). Top 10:

Facebook Inc 4.99
Microsoft Corp 4.97
Apple Inc 4.82
Johnson & Johnson 3.02
Visa Inc 2.55
Nvidia 2.53
Alphabet -C- 2.53
Alphabet -A- 2.53
Unitedhealth Group INC 2.44
ASML Holding 2.05

Looks solid Apart from J and J . 3 FS holdings and 1 SMT in the top 10.
No, as mentioned earlier in the thread.
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  #713  
Old 21.06.2021, 00:10
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Re: Equity Portfolio Advice

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No, as mentioned earlier in the thread.
I see it basically as an insurance against me making bad investment decisions with my 3b.

Lets see how MSCI world quality ex-CH (CHF) compares with Fundsmith I class Acc: (CHF)

References: https://finpension.ch/app/uploads/fa...t-sheet_de.pdf and https://www.morningstar.co.uk/uk/fun...?id=F00000OHVW

2017: FS 22.2%, Quality ex-CH 21.3% (FS win by 0.9%)

2018: FS 2.2%, Quality ex=CH -4.2% (FS win by 6.4%)

2019: FS 25.1%, Quality ex-CH 33.6% (Quality win by 8.5%)

2020: FS 17.2%, Quality ex-CH 12.7% (FS win by 4.5%)

2021 (to end of May): FS 6.2%, Quality ex-CH 12.2% (Quality ex-CH win by 6%).

I think from 01.01.2017 to 31.05.2021 Quality ex-CH beat FS I Acc (both in CHF) by a sum of 2.7%. Take Finpension's annualised 0.4% fees (times c. 4.5 = 1.8%) off that, and Quality ex-CH wins by 0.9%. I think in practice by a little more as:

a) FS's dividends are taxable,
b) I should really be comparing with FS T class not I, and
c) The FS money would be subject to wealth tax

Let me know if I've made any mistakes - I often do. In any case - I would marginally rather have my money with FS than with MSCI world quality ex-CH all things being equal, but not at the cost of the 3a tax shelter. For me the maths suggest that the 3a is worthwhile.

Last edited by HickvonFrick; 21.06.2021 at 00:33.
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  #714  
Old 21.06.2021, 09:35
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Re: Equity Portfolio Advice

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All told we are up 29% on FS and a measly 3.6% on SSON, all accounts combined.
Very happy with SSON's lower performance as it has given me an opportunity to substantially increase holdings, both from selling Fundsmith & a property sale that will complete in a couple of weeks, the last thing a purchaser wants is a higher price.
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  #715  
Old 21.06.2021, 09:38
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Re: Equity Portfolio Advice

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I see it basically as an insurance against me making bad investment decisions with my 3b.

Lets see how MSCI world quality ex-CH (CHF) compares with Fundsmith I class Acc: (CHF)

References: https://finpension.ch/app/uploads/fa...t-sheet_de.pdf and https://www.morningstar.co.uk/uk/fun...?id=F00000OHVW

2017: FS 22.2%, Quality ex-CH 21.3% (FS win by 0.9%)

2018: FS 2.2%, Quality ex=CH -4.2% (FS win by 6.4%)

2019: FS 25.1%, Quality ex-CH 33.6% (Quality win by 8.5%)

2020: FS 17.2%, Quality ex-CH 12.7% (FS win by 4.5%)

2021 (to end of May): FS 6.2%, Quality ex-CH 12.2% (Quality ex-CH win by 6%).

I think from 01.01.2017 to 31.05.2021 Quality ex-CH beat FS I Acc (both in CHF) by a sum of 2.7%. Take Finpension's annualised 0.4% fees (times c. 4.5 = 1.8%) off that, and Quality ex-CH wins by 0.9%. I think in practice by a little more as:

a) FS's dividends are taxable,
b) I should really be comparing with FS T class not I, and
c) The FS money would be subject to wealth tax

Let me know if I've made any mistakes - I often do. In any case - I would marginally rather have my money with FS than with MSCI world quality ex-CH all things being equal, but not at the cost of the 3a tax shelter. For me the maths suggest that the 3a is worthwhile.
I have not verified all of your calculations but based on the discussions we had earlier in the thread and from what Iíve read elsewhere, if I were to invest in a 3a product then it would most likely be this. However, the more appropriate comparison for an individual to make is against their total portfolio (which for me is mostly SSON). In addition, I have a strong aversion to locking up the funds.
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  #716  
Old 21.06.2021, 09:43
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Re: Equity Portfolio Advice

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Very happy with SSON's lower performance as it has given me an opportunity to substantially increase holdings, both from selling Fundsmith & a property sale that will complete in a couple of weeks, the last thing a purchaser wants is a higher price.
Likewise. So far Iíve been lucky and havenít been burnt by a DCA approach.
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  #717  
Old 21.06.2021, 12:08
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Re: Equity Portfolio Advice

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both from selling Fundsmith .........
Sacrilige!
What difference in weightings between SSON and Fundsmith ?

Last edited by fatmanfilms; 21.06.2021 at 12:55. Reason: Sorry hit edit instead of quote
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  #718  
Old 21.06.2021, 12:56
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Re: Equity Portfolio Advice

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Sacrilige!
What difference in weightings between SSON and Fundsmith ?
55% SSON
38% Fundsmith
7% Cash & Other legacy investments.

Once the cash from the property sale comes through I expect it will be as follows

52% SSON
41% Fundsmith
7% Cash & other legacy investments
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Old 21.06.2021, 13:26
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Re: Equity Portfolio Advice

Once I've finally done my calculations and got myself invested and then move to the monthly DCA, I'll have the same exercise to execute with my partner.

Do people invest in the same funds? I'm not sure I'd want all our eggs in the same baskets, but then it's like betting against my investment decisions by selecting different funds.
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Old 21.06.2021, 13:30
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Re: Equity Portfolio Advice

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Very happy with SSON's lower performance as it has given me an opportunity to substantially increase holdings, both from selling Fundsmith & a property sale that will complete in a couple of weeks, the last thing a purchaser wants is a higher price.
With all due respect I think Iíve seen that said on Redditís WallStreetBetsÖ
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