Member Info for thefrogster

I'm currently sitting at 21.1% which is probably a bit on the high side. I diverted my monthlies elsewhere but bought another chunk when the price was in the 640s.

Yes, clickbait fishing I think as I doubt very much that anyone could actually believe there would be criminal options.

I think this quote from LLL's link sums up the trust pretty well:

"We want to back companies that drive radical change in the world. Change generates the opportunity for a company to grow and develop regardless of the levels of inflation and interest rates. We are confident and optimistic about the future and believe the Scottish Mortgage portfolio is home to some truly exceptional companies.

History has shown we only need to hold a few of these outliers to deliver strong returns for our shareholders."

Interesting to read there is no pecking order in the management structure. TS always comes across as the main man.

Thanks Walp, I thought it was you who had mentioned them both before but couldn't find the posts. I'm also looking to move my Rathbone's Global Opportunites OEIC into an IT and was looking at ATST. Seems to have comparable performance with similar diversification.

I suppose the other option is simply EQQQ :)

Sorry to go off topic but I’m just looking for your thoughts please. I’m in the process of trying to move as much as possible from OEICs over to ITs. My main pure tech holding is currently held between the Blackrock World Technology fund and their New Generation tech fund. Both have high OCF’s of over 1% and I’m looking to move these. I remember past discussions regarding PCT vs ATT but can’t seem to find them. From what I have read, PCT tends to follow the benchmark more than ATT but performance in both has been fairly similar. I also see that the charges on ATT are slightly less. Does anyone have a preference between the two?

Agreed - I have the misfortune of having to deal with them on a regular basis through work and try and avoid them at all costs.

Hi Walp, it's the Fundsmith I Acc I hold as this is the only Accumulation one offered by HL (or it was at the time I first invested). I think this one offers the lowest OCF of 0.94%. This is the one I'd go for, unless of course there are any others with a lower OCF.

Sorry, re the OCF of 0.94%, this is just deducted from the investment. As LLL mentioned, different classes charge different OCFs. With my HL holding in the accumulation units. it's 0.94%.

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 :)