Thank you San_Francisco for your analysis and taking apart some very valid points of the AGM video 2022. I totally feel your concerns as they are my concerns too. I do not understand the investment into Meta as for me it still does not match their overall strategy. Furthermore I personally don’t like this company. Actually the same goes for Alphabet. In general I don’t want to own much of the GAFAM and my VT is already plenty of it. Now with Fundsmith I have again nearly the whole GAFAM, except Apple. But who knows maybe they are going to announce soon that their new investment is Apple… Then I will really have to re-consider owning Fundsmith Equity Fund. At least their Smithson fund is still following their original strategy. So an option for me to consider would be to ditch Fundsmith and re-invest the money into Smithson. Nevertheless I sticked to my IPS and invested again this month a small amount into FEF.
I guess it’s wait and see with this fund…