Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
Walp, Fundsmith would certainly give you a bit more diversification than ATT. I don't think Meta is in the top holdings anymore as Terry Smith sold down all or most of this holding. The biggest holdings are Microsoft, Novo Nordisk, L'Oreal, Phillip Morris and LVHM. My only gripe with OEICs is when it comes to buy/sell as you don't know the price. As you know, with an IT, you can push the button and enter/exit immediately.
Hi Walp, yes Fundsmith is an open ended OEIC which means that the value is purely driven by the underlying assets. This means that it won’t trade at a discount or a premium. One of the downsides is that OEICs are only traded once per day so when you put in an order to buy or sell you don’t know the price. Accumulation classes have dividends reinvested whereas the Income classes pay the dividends out each time. Maybe someone else wants to add more but I hope that helps.
Yeah, I'm going to give it some serious consideration. Thanks for all the info, much appreciated.
I know what you say makes perfect sense LLL but it's the hassle I can do without. I've got my ISAs, GIA and SIPP all with HL and I like the app and choice of funds etc. It's probably costing me far more than it should though and I really need to think if these positives really outweigh the potential savings of moving it all elsewhere. I think I already know the answer...
Yes, I agree with everything you say here LLL re Fundsmith. Just checked my HL ISA (yes, I know I'm probably paying too much) and my Fundsmith holding is Class I with an OCF of 0.94% as well.
Walp, Fundsmith has done me well over the years but as LLL says, maybe less so in recent times. As you will see, it's quite a concentrated portfolio with a definite US bias. As it's primarily made up of large-cap growth stocks, it has done very well in a low interest rate environment but this is also the reason it has struggled recently (a bit like SMT). I like Terry Smith though - he seems a very astute guy and here's hoping he has a good few years left before he hangs up his hat.
Latest podcast from Alan Green (from 24:30)
https://ukinvestormagazine.co.uk/uk-house-prices-cadence-minerals-and-tekcapital-with-alan-green/?mc_cid=f2c113458c
LLL, thanks - very interesting. I seem to be getting charged differently (in my ISA anyway):
https://www.hl.co.uk/investment-services/isa/savings-interest-rates-and-charges
If you have funds, shares, ETFs or ITs with Hargreaves, it's 0.45% per year, regardless of the structure I believe. You will have dealing costs for buying everything except funds on top of that as well.
LLL, yes that's one of my concerns too, especially with the overlaps and heavy US focus of Rathbones as well. I'm thinking of reducing Rathbones as I much prefer ITs to OEICS, easier/quicker to pull the trigger when necessary rather than wait for the next day's pricing.
gotout - some interesting ones there and some discount on HVPE - 42! I appreciate that it depends on your allocation but overall that also looks heavily US focused.
LLL, I've got large chunks in Fundsmith, Rathbone Global Opps, EWI and also like to dabble in some AIM stocks but I wouldn't recommend them as a good diversification as my AIM stock picking has left a lot to be desired over the last 15 years :)
Walp, I agree with your sentiment here but LLoL was merely saying he thinks there will be better opportunities to sell in 4/5 years time. This means that he has a positive outlook on the trust surely.
All depends on your timeframe fela - If for example, LLoL anticipates the price to rise over the next 4 to 5 years and this is when he plans to exit the market, then that would be a good strategy.
I don't understand your logic there fela, my interpretation is that LLoL anticipates the price to rise over the next 4 to 5 years and therefore getter a better price than today?
Degsie – I truly admire your enthusiasm for this share but struggle to be as upbeat. You remind me of the band conductor on the Titanic who kept directing the show until the bitter end, completely oblivious to the carnage going on around him. Having been underwater for around 10 years (my own fault I know), despite averaging down, this share feels like a dog that keep on biting, no matter how well you train it. The problem here is that it draws more blood each time and there is only so much a person can take. I know your usual reply to this is sell if you’re not happy but psychologically, I’m not prepared to crystallize my significant loss, feebly clinging to some hope that I might get enough back to buy a new dog.
MD - sorry I can't help further but between Bannor's excellent explanation along with the Investopedia info, there's not much left to say.
MD - I don't think Bannor could explain this any clearer to be fair, but here is a link with a video which might help. Some people understand things better through different media:
https://www.investopedia.com/terms/m/marketcapitalization.asp
That's right fela96 - at one point the court had ordered that Microsoft be broken up - one side operating systems and the other software. From memory, it got really messy with appeal after appeal and I think Gates eventually made an out of court settlement, effectively giving his competitors access to source code.
Maybe a bit harsh LLOL - I think fela96 deserves a bit of slack after his open and honest post on Saturday. I think it would be better if we all started on a fresh page.
Yes, of course. As I said, there is nothing wrong with healthy debate. You come across as a well read investor but sometimes the way you speak to people leaves a lot to be desired. For the record, I'm glad you are here as the more input to discussions the better. Let's all just try and be civil to each other and continue with healthy debate.