Investment Trust Saving Plan

fraserkerr

I have recently set up a regular monthly sharebuilder Investment Plan through Halifax Share dealing. I am investing £250 each month in Edinburgh Investment Trust (EDIN) and £250 each month in Murray International Inverstment Trust (MYI). I am looking for growth and income so have exposure to UK in EDIN Trust and Overseas in MYI Trust and these trusts have a strong performance over the last 10 years.

Can anyone advise if these amounts are too small per month or if I should be looking at a more diversified portfolio with smaller amounts. £500 per month is the limit to what I can invest. I am 29 so still relatively young so not overly concerned about high risk equities.

Many Thanks,
Fraser

Thrugelmir

Personally I would restrict the number of different funds that are invested in. Until the value of an individual fund reaches a tangible level. Let the fund managers do the work. Owning different funds results in replication of individual share holdings too.

Past 10 years performance means little.

dunstonh

Until you get to around £10,000 there is going to be little difference in returns due to performance. So, no point trying to diversify beyond a decent multi-asset investment.

A_Flock_Of_Sheep

This is true. If you plot the performance of EDIN with IPHI, IPI, CTY, Artemis Equity Income, Troy Trojan Equity Income they all follow broadly the same pattern of performance.

EDIN is part of my portfolio and invests in about 50 shares.

blinko

I think there are investment trusts of investment trusts that will help you to gain exposure to a variety of trusts without having to invest in each on individually

Glen_Clark

blinko wrote: »

I think there are investment trusts of investment trusts that will help you to gain exposure to a variety of trusts without having to invest in each on individually

Lots of trusts/funds invest in other funds, which presumably bumps up the fees and makes them even more difficult to estimate.