ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Oct 2, 2018 16:12:07 GMT
Back in the day, every time Terry Smith came on the media, ISTM that he spoke eminent common sense, so when he started Fundsmith I was in at the beginning, much to my delight.  For some reason FEET just didn't grab me and I avoided it, and seemingly, so far, it was a good decision, although not exactly an informed one. Now we have Smithson coming up, which I like the look & feel of and will probably go in for four figures. Any comment/s oh Learned & Experienced Ones out there? ( I have checked Lemon Fool and Motley Fool and the consensus on both boards seems to be to invest. ) |
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Post by eascogo on Oct 10, 2018 0:03:46 GMT
Back in the day, every time Terry Smith came on the media, ISTM that he spoke eminent common sense, so when he started Fundsmith I was in at the beginning, much to my delight. For some reason FEET just didn't grab me and I avoided it, and seemingly, so far, it was a good decision, although not exactly an informed one. Now we have Smithson coming up, which I like the look & feel of and will probably go in for four figures. Any comment/s oh Learned & Experienced Ones out there? ( I have checked Lemon Fool and Motley Fool and the consensus on both boards seems to be to invest. ) ozboy. Been with Fundsmith Equity for a couple of years. It's easy to hope Smithson may bring similar or even better returns. The IPO closing date is this Friday 12 October. I also had in mind Vanguard Global Small Caps Index. There are others but I came across this piece titled "Lindsell Train, Fundsmith or Vanguard Value?" dated 6 July 2018. Maybe worth a read.
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macq
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Post by macq on Oct 10, 2018 16:04:44 GMT
Back in the day, every time Terry Smith came on the media, ISTM that he spoke eminent common sense, so when he started Fundsmith I was in at the beginning, much to my delight. For some reason FEET just didn't grab me and I avoided it, and seemingly, so far, it was a good decision, although not exactly an informed one. Now we have Smithson coming up, which I like the look & feel of and will probably go in for four figures. Any comment/s oh Learned & Experienced Ones out there? ( I have checked Lemon Fool and Motley Fool and the consensus on both boards seems to be to invest. ) ozboy . Been with Fundsmith Equity for a couple of years. It's easy to hope Smithson may bring similar or even better returns. The IPO closing date is this Friday 12 October. I also had in mind Vanguard Global Small Caps Index. There are others but I came across this piece titled "Lindsell Train, Fundsmith or Vanguard Value?" dated 6 July 2018. Maybe worth a read. The link was an interesting read(and on the right of that page is a review of the new fund) but i guessed he would come down on the side of passive investing and i am in Vanguard small cap so no axe to grind and was in Fundsmith for a few years before moving to Lindsdell .But would think long term there will not be a problem with Smithson but i don't like buying at the IPO stage personally.
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Post by eascogo on Oct 10, 2018 17:19:31 GMT
ozboy . Been with Fundsmith Equity for a couple of years. It's easy to hope Smithson may bring similar or even better returns. The IPO closing date is this Friday 12 October. I also had in mind Vanguard Global Small Caps Index. There are others but I came across this piece titled "Lindsell Train, Fundsmith or Vanguard Value?" dated 6 July 2018. Maybe worth a read. The link was an interesting read(and on the right of that page is a review of the new fund) but i guessed he would come down on the side of passive investing and i am in Vanguard small cap so no axe to grind and was in Fundsmith for a few years before moving to Lindsdell .But would think long term there will not be a problem with Smithson but i don't like buying at the IPO stage personally. I am undecided about going ahead with Smithson in part because I have a good 5 digits defaulted at MT and would need sufficient P2P returns over the next 3 years to absorb losses via tax relief. Investing more in S&S wouldn't help with this. I might invest a fair chunk with BC instead.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Oct 10, 2018 17:30:47 GMT
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Oct 10, 2018 20:54:30 GMT
I'm not now investing in Son of Fundsmith, thanks to eascogo and the article referred to. Yes, I'm easily swayed, but the piece made me realise that I can't keep shovelling it in Terry's general direction so will now bung a few shovel loads into a Vanguard or three. Absolutely love this site, so many informed and experienced peeps on here willing to impart, which is wot it's all about. I often feel guilty about not contributing and being unable to post sage words and pearls of wisdom but I do honestly try now and then to post something viable, besides my clockwork regular rants about Over-Valuations and Ridiculous LTVs, may the dishonest perpetrators of same rot in hell. Thank you all. |
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macq
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Post by macq on Oct 10, 2018 21:36:15 GMT
I'm not now investing in Son of Fundsmith, thanks to eascogo and the article referred to. Yes, I'm easily swayed, but the piece made me realise that I can't keep shovelling it in Terry's general direction so will now bung a few shovel loads into a Vanguard or three. Absolutely love this site, so many informed and experienced peeps on here willing to impart, which is wot it's all about. I often feel guilty about not contributing and being unable to post sage words and pearls of wisdom but I do honestly try now and then to post something viable, besides my clockwork regular rants about Over-Valuations and Ridiculous LTVs, may the dishonest perpetrators of same rot in hell. Thank you all. if only Vanguard try a look at their own platform for cheaper fee's
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Post by Deleted on Jan 16, 2019 18:21:28 GMT
I was one of Terry's first investors in fundsmith. I also heard Terry talk on my MBA course. Still very happy with him as core to financial growth.
I went with Feet, buying soon after it first had a negative premium and sold out 20% up as I read Terry's comments about his target countries. All sounded pretty dumb.
Smithson has stayed premium positive and I bought in early as a movement into trusts. Doing well so far
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foolsgold
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Post by foolsgold on Dec 10, 2019 0:27:41 GMT
Smithson Investment trust is an excellent Investment trust which I bought into at the IPO. I dont think from memory that Terry is hands on in Fund management but has 2 young managers who have a substantial skin in the game...think Im up 27 percent when it launched not long ago.A good long term hold on a global small to medium sector
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sd2
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Post by sd2 on Dec 16, 2019 12:29:57 GMT
Looks to me like the bloke is investing in areas he is knowledgeable about. Unlike Woodford and Bolton (his foray into China)
Smaller do better in the long run but get a kicking in a recession. Even this investment Trust will go to a significant discount in the upcoming recession. Which will definitely happen in???
I may wait but I have missed out on a big jump in my Henderson Smaller companies investment Trust which gone from a 13% discount to a 3.2% discount. I meant to buy more before the election, what a div! Up 10% in two days, silly me!
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sd2
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Post by sd2 on Dec 16, 2019 12:38:36 GMT
Just noticed my small investment in Artemis Alpha is also up about 5% in two days but still on big discount 16%. May have a touch more of them
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foolsgold
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Post by foolsgold on Dec 18, 2019 21:37:26 GMT
Small is good for long term growth but volitility is larger but it doesnt mean its more risky.Have a look at Finsbury growth uk investment trust...good manager who invests in UK .
Due to Brexit the UK is one of the worlds most undervalued areas.
One to watch is IIT Independent Investment trust managed by Maxwell Ward....it was the best performing trust but fell back last year ...think it was trading on a 20 percent premium but its now about 5 percent discount.It is solely UK and with the end of Brexit and the UK market seemingly improving Ive got a fair whack invested in it for the long term
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sd2
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Post by sd2 on Mar 27, 2020 16:16:41 GMT
Fell to 890p. Went from a premium to a discount and is still trading at a discount (4.25%).
I bought at 898p. Today's sell price is 1092p. Happy.
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corto
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one-syllabistic
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Post by corto on Mar 28, 2020 10:55:04 GMT
Looks cheap now, yes, but was the deepest falling investment during the last weeks for me (except some experimental stuff that was disposed off early). It also fluctuates quite widely during"normal" times; certainly more than the common global tracker. Most of the time for unknown reasons.
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sd2
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Post by sd2 on Mar 31, 2020 10:08:31 GMT
Smithson still on a discount 3%
Sell:
1,128.00p
Buy:
1,138.00p
Me now up 25%. Very lucky I set limit order so low.
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