Worth buying Fundsmith at this point?

JohnRo

I look at LTI and see a Train wreck in the making...

I'll get my coat...

schiff

I was alerted to Terry Smith and Fundsmith by a post on MSE a year or so back, read through his spiel and his modus operandi and became completely won over.

I've seen the dealings details of a couple of acquaintances and was particularly surprised by the amount of churning going on and the cost of these deals was huge in comparison with the profit made. 'Balancing' within one fund was absurd - selling 2% of something and buying 2% of something else, with all the costs involved and the expense of the turn.

Smith cuts all that out, along with a number of other costly tricky bits - hedging, currency changes protection.

Fundsmith has done really well for me, I can recommend it.

trooper147

thanks so much bowlhead99! really good explanation for me....