Sinbad19 Nov 2010 18:24
Such a shame that you sold out of GKN so early, commiserations.
In one of your earlier posts you said that you wanted to buy shares in every sector, thinking about your words I wondered why you do not consider getting into two or three Investment Trusts some of which sell at a healthy discount to their assets. You could pick a good general overseas trust, another that specialises in Europe and a third that just does Britain. If you look you will discover internet sites that list the past performance and lots of other information, there is in fact one site that is the Investment Trust trade association, sorry I can't remember its exact name but you should be able to find it. In addition to this there are all sorts of magazines that publish this information on a monthly basis, time for a visit to W.H. Smith perhaps.
In your shoes however I might steer clear of Unit Trusts. The annual management costs which are deducted from the Trust, i.e. your Trust in which you are invested, plus the usual 3%- 5% that you have to pay upfront just for the privilege of buying in, makes them, imho, totally uneconomic, others may disagree of course - particularly unit trust fund managers!
All the best,
storm.