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@startupchristian I'm just pointing out how ridiculous that statement is.

@startupchristian Ok, so are you saying I should *not* invest in FCIT because past performance is no guarantee of future performance?

@startupchristian People keep repeating that line over and over. Past stock performance is no guarantee of future blah blah blah If everybody followed that mantra, nobody would invest in anything. Would you recommend investing in a stock that has gone down 99% over the past decade? Because...

@goingon4him Why FCIT as a matter of interest? Returns seem pretty low compared to JAM https://www.google.com/finance/quote/JAM:LON?hl=en&comparison=LON%3AFCIT&window=MAX

@step_by_step I'd say the stock will still drop due to investor fear and panic. And perhaps never recover because people were really investing in Buffet/Munger in a way rather than the fund. But I can't predict the future. It might even shoot up 500%, who knows. But it's a risk I'm not willing...

@johanmichel Have a look at JPmorgan American investment trust. Ticker is JAM. It mirrors the sp500 pretty closely and is taxed as a stock in Ireland. I thought about Berkshire but when warren Buffett dies it might go to shit.

@gen00 Would you not try JPmorgan American investment trust? Ticker is JAM. It mirrors the sp500 pretty closely and is taxed as a stock.