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  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    edited 18 April 2013 at 3:42PM
    Glen_Clark wrote: »
    Hidden Charges mostly - The managers are working in their own interest instead of yours. You only need a cursory glance at Investment Trusts to see that - with many trading about 20% below the value of their assets. If the managers were working in their investors interest they would liquidate the fund, giving their investors a guaranteed gain, (and doing themselves out of a well paid job)

    An investment trust trading at a 20% discount can present a very good proposition for some of us. I rue the day that discount control mechanisms began being used to the extent that they are now. And one of the joys of investment trusts is that the board of directors can - and do - replace underperforming management with their competitors.

    If individuals don't like the discount/premium issue then they are free to stick with open-ended funds.

    [edit]

    And in answer to the OP: loads. But less so in the spring and summer, when the lawn needs more care and attention than does the portfolio. Mainly the web-sites of quality news press, e.g. FT and Reuters - rarely, if ever, do I go tabloid. Also check around some financial sites just to get a feel of what is popular (with a view to trying to do the opposite...!).
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



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