... I chose to buy Foreign & Colonial which is one of the largest investment trusts in the UK and has shown steady growth without large peaks and troughs. It holds shares in hundreds of companies round the world - a veritable world tracker fund!
I still think I made a wise choice and now ... Read review
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...I chose to buy Foreign & Colonial which is one of the largest investment trusts in the UK and has shown steady growth without large peaks and troughs. It holds shares in hundreds of companies round the world - a veritable world tracker fund!
I still think I made a wise choice and now have a large lump sum for my £50 a month which nine years later I still pay in every month. ...
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Advantages: Affordable payments/ oldest Investment trust in the world. Disadvantages: Minimum payment increased to £50
I started saving with Foreign and Colonial when I started university, as I didn't wan't to graduate with just debt. Luckily, I set up my direct debit into the plan at £25 a month, just before they raised the minimum payment to £50 - totally unnafordable for a student. When I graduate, my share holding will hopefully be enough to pay off my overdraft.
It takes about ten days to release money from your fund - but that is probably a good thing because ... ...money. The company has very low charges, which you don't really notice, as the share growth is good.
Recently, an American firm that holds shares in F&C has put forward a motion to the board, calling for the company to be wound up and the assets shared between shareholders. It is unlikey that this will be approved at the AGM, but if it is, I could get a tidy profit. Now might be the time to take an interest in F&C! ...
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