First active fund I reckon deseves my money: Fundsmith

[Somewhatfoolish]

Take a look at http://www.fundsmith.co.uk/

Looks great to me. First manager that doesn't speak bullst. This year's ISA opening is gonna be there, and I may start transferring everything to it...

[Du1point8]

talk me through it for someone of the hard of removing surgeically attached wallet from hand due to being a Northern...

Tell me why this is good other than he has put some of his own money there first?

[Du1point8]

Paddy_N_Murphy said:

Article / Interview on "him" on the back page os Sunday Crimes Money section this last week.

The man is worth a few bob...

Link without signing up to website or a breif overview of the interview/article?

[Somewhatfoolish]

Du1point8 said:

talk me through it for someone of the hard of removing surgeically attached wallet from hand due to being a Northern...

Tell me why this is good other than he has put some of his own money there first?

Cause the philosophy behind it is sensible (see https://www.fundsmith.co.uk/OwnersManual)

Edited by Somewhatfoolish on Wednesday 8th December 17:10

[Somewhatfoolish]

Looking excellent so far. Results to end of September:

Equities: -5.1%
Fundsmith: +7.0%

(Although I would think the fund founder would caution this is at least partly good luck, and such stellar outperformance should not be expected in the long run)

Edited by Somewhatfoolish on Saturday 29th October 23:16

[koolchris99]

not sure why he isn't hedging his currency exposure, sounds like a pretty stupid idea to me.

the "people's" hedge fund idea is sound, he's pretty transparent and has low ish fees.

where's the catch?

[Ayahuasca]

Plain vanilla.

[Pommygranite]

Somewhatfoolish said:

Looking excellent so far. Results to end of September:

Equities: -5.1%
Fundsmith: +7.0%

(Although I would think the fund founder would caution this is at least partly good luck, and such stellar outperformance should not be expected in the long run)

Edited by Somewhatfoolish on Saturday 29th October 23:16

Looks like Ponzi scheme return levels to me

[Ayahuasca]

Pommygranite said:

Somewhatfoolish said:

Looking excellent so far. Results to end of September:

Equities: -5.1%
Fundsmith: +7.0%

(Although I would think the fund founder would caution this is at least partly good luck, and such stellar outperformance should not be expected in the long run)

Edited by Somewhatfoolish on Saturday 29th October 23:16

Looks like Ponzi scheme return levels to me

There's only 23 stocks in the fund - little old ladies with portfolios run by their bank managers are more diversified than this.

[jeff m2]

Ayahuasca said:

There's only 23 stocks in the fund - little old ladies with portfolios run by their bank managers are more diversified than this.

Less churning though

I glimpsed at this fund last year, they appear to have avoided some bad sectors enabling them to beat the average.
Did that site say if the manager has any of his own loot in it?

[koolchris99]

jeff m2 said:

Less churning though

I glimpsed at this fund last year, they appear to have avoided some bad sectors enabling them to beat the average.
Did that site say if the manager has any of his own loot in it?

no idea if he has his own cash in, he has enough of it, but not aquired by picking stocks..

divertification isnt the big issue if you are clever, as my uncle once said..

"There are only 25 companies in the fund, Some months I hardly trade. I hold some stocks for up to five years - buying businesses with two dynamics: single defined niche businesses and those with a strong discount to market who can execute business plans. When it works, the stocks go whoosh"

[Ayahuasca]

It's all in Europe, the UK and the USA - hardly markets set for growth. Like I said, plain vanilla.

[Beardy10]

Ayahuasca said:

There's only 23 stocks in the fund - little old ladies with portfolios run by their bank managers are more diversified than this.

You ever checked out W Buffet's investment style? He's the antithesis of diversity and done okay over the years

You ask most fund managers there are probably only 20 stocks they like or are genuinely enthusiastic about...the rest is padding because they are benchmarked to an index.

It's impossible for anyone to know more than 30 or 40 companies well....after that they have to rely on someone else to do the donkey work....which is where it goes wrong.