Fundsmith

[mark seeker]

Latest Fundsmith Shareholder's meeting video now available - https://www.fundsmith.co.uk/tv/

[James6112]

Thankfully I bombed out of Woodford & put it into Fundsmith before the 2019 crash.
More luck than judgement ..

[mark seeker]

No real movement on Fundsmith this year, up 6% YTD but it seems to hover around 600-630p and bounce around in the range. S&P 500 is currently holding up 11% YTD by comparison.

I guess the fact there are no replies on this thread since Q1 suggests most are waiting for something to happen...

[okgo]

mark seeker said:

No real movement on Fundsmith this year, up 6% YTD but it seems to hover around 600-630p and bounce around in the range. S&P 500 is currently holding up 11% YTD by comparison.

I guess the fact there are no replies on this thread since Q1 suggests most are waiting for something to happen...

That’s surely just the difference of diversity, 500 companies vs 30 odd. Sometimes those 30 will beat the 500, but for that to be true this year FS would have needed to at least own a handful of volatile stocks (nvidia etc) to be on par.

[croyde]

I pulled out of all my ISA funds and most of Fundsmith and stuck it all in my offset mortgage account where, thanks to the BoE and the 1% above base rate IO tracker, it's effectively earning 6.25% and covering half the monthly cost.

I left a little in Fundsmith and knowing my luck I thought the fund would soar after my big withdrawal, but it seems to have just sat around the same value.

In fact after sterling performance up until Covid, all my other ex holdings have either stayed the same or dropped in value.

Maybe I did the right thing for once

[xeny]

Sounds like a reasonable choice for your circumstances. Only real downside is the loss of the accumulated ISA allowance.

[croyde]

xeny said:

Sounds like a reasonable choice for your circumstances. Only real downside is the loss of the accumulated ISA allowance.

Yes, I try not to think about it, but I do..

[mark seeker]

croyde said:

I pulled out of all my ISA funds and most of Fundsmith and stuck it all in my offset mortgage account where, thanks to the BoE and the 1% above base rate IO tracker, it's effectively earning 6.25% and covering half the monthly cost.

I left a little in Fundsmith and knowing my luck I thought the fund would soar after my big withdrawal, but it seems to have just sat around the same value.

In fact after sterling performance up until Covid, all my other ex holdings have either stayed the same or dropped in value.

Maybe I did the right thing for once

Sounds like a decent enough strategy, I did toy with taking some out and buying a short dated gilt but haven't pulled the trigger in any meaningful way yet.

[okgo]

There are providers that will offset against a cash ISA.

[Sheepshanks]

croyde said:

xeny said:

Sounds like a reasonable choice for your circumstances. Only real downside is the loss of the accumulated ISA allowance.

Yes, I try not to think about it, but I do..

I don't think you can do anything about it with Fundsmith, can you?

From my looking, the only way to get money out is to sell and take the money - then it's out of ISA cover.

[xeny]

Sheepshanks said:

I don't think you can do anything about it with Fundsmith, can you?

From my looking, the only way to get money out is to sell and take the money - then it's out of ISA cover.

This is presuming you're holding them directly with FS? You'd have to do an ISA transfer to another platform and sell there. I hold some FS, but through iWeb rather than direct.

[Sheepshanks]

xeny said:

This is presuming you're holding them directly with FS? You'd have to do an ISA transfer to another platform and sell there. I hold some FS, but through iWeb rather than direct.

Yes, I’m directly with Fundsmith.

[Aletank]

I used to be with Fundsmith direct, I only wanted to do a part transfer but it wasn't allowed, I had to transfer the lot to another platform, I'm currently with Interactive Investor.

[Stedman]

Another year of underperformance?

[thekingisdead]

I haven’t regretted selling up this year and rolling into a global tracker.

I still rate Smith and have no doubt the fund could start performing again, but I trust the data that says over 10+ years a tracker is my best best.

Set and forget.

[mark seeker]

Likely a good call, given Meta and Microsoft have had a stella year, there must be some huge detractors from gains....

[mark seeker]

Stedman said:

Another year of underperformance?

Still the month of December to go but it'll make the annual meeting interesting with another year of poor results and underperforming the index. The price seems to continue to stay within the 600-630 range, obviously delightful for those that loaded up at 100p.

[Stedman]

mark seeker said:

Likely a good call, given Meta and Microsoft have had a stella year, there must be some huge detractors from gains....

I wonder what the deal was with Estée Lauder

[2Btoo]

Looks like they ended last year on around 578.

They've just given today's figure of 627, so up by 49 points or 8.4%.

What the index they are trying to beat?

[thekingisdead]

The two indexes he often benches against are the FTSE100 (totally wrong, imo, but I understand why as a British fund) and the S&P500.

Personally I’m only interested in a comparison against the 500 and a global equity index.