James Crux, Shares Magazine, Thursday 18 August 2022:
If you want to build up a pot of money for the future, be it retirement or paying for some of life’s expenses including children’s university fees or a loft conversion, investment funds can be a great way to grow your savings.
They enable you to quickly build a portfolio which could save you a lot of time and money.
You don’t have to spend hours researching the market for which stocks to buy, and you won’t incur anywhere near the level of dealing fees that come with building a portfolio of 20 or more stocks from scratch.
Finding the right fund for you is easier than you might think. This article is a step-by-step guide to navigating the world of funds so you can go straight to the type of product that fits your needs.
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GOOD SOURCE OF INFORMATION ON FUNDS, INVESTMENT TRUSTS AND ETFS
There are fantastic online sources of information on funds and investment trusts to help with the selection process.
The Investment Association is a good place to find details on fund sectors and statistics, while the AIC does the same for investment trust data.
AJ Bell’s website enables you to filter funds, investment trusts and exchange-traded funds and examine their performance. The AJ Bell and Shares Money & Markets podcast regularly features interviews with fund managers.
Shares’ website is flush with fund-related articles and fund manager interviews and videos.
Trustnet is a good resource for factsheets, fund performance data and topical articles, while investment trust fans should visit Kepler Trust Intelligence and QuotedData websites for in-depth research notes.
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