Fundsmith in ISA
Discussion
I can understand your thoughts, FS was my best performing fund by miles but done little over last four years or so.
If there is a market reset my feeling is they'll be slightly less affected than others, It did spike up to £7.80 earlier in the year and I'm holding on in the hope of a return to that level.
If there is a market reset my feeling is they'll be slightly less affected than others, It did spike up to £7.80 earlier in the year and I'm holding on in the hope of a return to that level.
I managed to buy back in at around 7.60 then it dropped, I bought again at 6.20 and finally got rid last week at 7.19. So evens this time.
It's done me well in the past but lately just seems to flat line.
Saying that, it did immediately head to 7.30 after I had sold
Bloody typical. I need to start a site where I tell everyone what I'm doing financially so that subscribers can just do the opposite
It's done me well in the past but lately just seems to flat line.
Saying that, it did immediately head to 7.30 after I had sold
Bloody typical. I need to start a site where I tell everyone what I'm doing financially so that subscribers can just do the opposite
croyde said:
I need to start a site where I tell everyone what I'm doing financially so that subscribers can just do the opposite
I have a lot in that HSBC tracker but like you I can't even choose the right line at the supermarket checkout. That said its done well and cost me a minimum in fees. I think if you want a world tracker its as good as anything else.gregs1959 said:
Thinking of transferring all out to HSBC all World Index C
Appreciate any thoughts
Appreciate any thoughts
There are various global funds that are all pretty much identical, some track FTSE some track MCSI world index.
If you want be absolute about the most economical choice, the fidelity index world index gives ever so slightly a better return.
On Hargreaves, HSBC is a 0.13% fee and Fidelity 0.12%. It all adds up!
gregs1959 said:
Thinking of transferring all out to HSBC all World Index C
Appreciate any thoughts
Makes quite a lot of sense to me, Fundsmith have stalled quite a lot of late, I do agree with others that if / when the turndown arrives they will probably not fall as far, although I could be completely wrong!Appreciate any thoughts
trickywoo said:
I have a lot in that HSBC tracker but like you I can't even choose the right line at the supermarket checkout. That said its done well and cost me a minimum in fees. I think if you want a world tracker its as good as anything else.
Agree with this - as good as any other, find somewhere to hold it with minimum fees (HSBC themselves are fairly cheap but there maybe others that are cheaper).Just transferred out of Fundsmith after about 4 years. My other holding (Xtrackers MSCI World) is massively outperforming and cheaper. I was holding Fundsmith via Fundsmith's platform so had to start a transfer with Interactive Investor - took Fundsmith a couple of days to give a value, then a few more days for the cash to transfer so keep your fingers crossed the market moves the right way for you. I got lucky over the 8 days it took to transfer with MSCI dropping 0.6% while I was in cash and has since gone up 3.4% whilst Fundsmith has only gone up 2.7%.
As per the others - transferred out in totality to VWRP in one transaction last month or so. Got a bit lucky with timing as it’s already returned more than FS has in the last year or two
Shame as I like the way TS talks but he’s just gone to prove that all active managers fail eventually. I then resented paying 5x the fees for a fraction of the performance. Terry still gets paid of course regardless, not from me anymore though.
Shame as I like the way TS talks but he’s just gone to prove that all active managers fail eventually. I then resented paying 5x the fees for a fraction of the performance. Terry still gets paid of course regardless, not from me anymore though.
okgo said:
As per the others - transferred out in totality to VWRP in one transaction last month or so. Got a bit lucky with timing as it s already returned more than FS has in the last year or two
VWRP is a train with a cheap one-way ticket. The problem with FS is it's an expensive bet which has currently run out of fuel. okgo said:
As per the others - transferred out in totality to VWRP in one transaction last month or so. Got a bit lucky with timing as it s already returned more than FS has in the last year or two
Shame as I like the way TS talks but he s just gone to prove that all active managers fail eventually. I then resented paying 5x the fees for a fraction of the performance. Terry still gets paid of course regardless, not from me anymore though.
Yes and I remember at some point quite a long time ago (few years) his fund had SUCH massive inflows that his fund alone was the reason for share price spikes and he warned it wasn’t sustainable. It was as if he felt the growth was too high and investors were at risk purely by piling in. This was around the era of the woodford thing where fund managers were under the spotlight for misleading investors!!Shame as I like the way TS talks but he s just gone to prove that all active managers fail eventually. I then resented paying 5x the fees for a fraction of the performance. Terry still gets paid of course regardless, not from me anymore though.
Same thing happened with funds I had with Lindsell Train, and the most notable recent ones with Baillie Gifford after Covid!
You are right - managed almost always pop eventually!!
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