Next weekend will mark the first anniversary of the free Money Makers weekly investment trust podcast which I started a year ago. Every week Simon Elliott, head of investment trust research at Winterflood Securities, and I join forces to discuss the latest news and data from the investment trust world. We now have more than
Since the start of 2021, as a new venture, I have been producing a wide range of premium content for the Money Makers website I set up with the financial publishers Harriman House a few years ago. This includes periodic market reviews, a weekly notebook of my current thoughts, links to interesting research, interviews with
The fourth edition of my annual publication The Investment Trusts Handbook is out in December 2021. The 300-page book includes a series of new articles about the investment trust sector – reviews of the year, interviews with leading fund managers, a Q and A forum with a number of trust experts, the outlook for 2021,
Publication of the latest edition of the Investment Trusts Handbook has given me an excuse to update the model investment trust portfolio I started when the first edition was being planned three years ago. The seed capital of £100,000 has grown since January 2017 to £152,500 on 25 November this year, including retained dividend income. The portfolio now consists of 12 investment trusts, up from 10 at the outset, mainly run by longstanding fund managers and widely considered to be among the best in their class. In keeping with the philosophy of my favourite investment mentors, the portfolio is designed to be managed with minimal turnover and this year, apart from recycling the dividend income, I have made only a couple of changes. That follows a move to de-risk the portfolio somewhat in the middle of 2018, which proved to be timely when the stock market fell sharply in the final quarter of 2018. I will be giving regular updates on this and two other portfolios I monitor in 2020. More details shortly on the Money Makers website.
The current sell-off in the US stock market has been both dramatic and exceptional by historical standards, with the pre-Christmas declines making this the worst December for equity investors since 1931. 2018 in turn looks like going down as one of the worst years for investors for many years, with 90% of asset classes suffering
I am a fan of Terry Smith but I wonder how many others in the fund management business are, given his knack of puncturing some of the carefully-developed myths that help to keep the rest of the industry going. His latest offering. a “sustainable” global equity fund, is a clever and well-judged attempt to highlight the flaws in the way that many other funds in this fashionable sector are in practice put together.
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