Trump has helped to deepen America's economic and social woes, but the ever-rising “deaths of despair” among working-class white men reveals divisions had been growing for years.
My father used to ‘play the stock market’.
He folded the profits from his small business in the 1970s into company shares, some of which came as recommendations from his stockbroker, over the bakelite telephone with a twisted brown cord.
He added to this substantially with the big privatisations of the 1980s, and left a decent sum to my mum when he died in 1997. She fortunately sold the portfolio before the stock market went down the pan at the turn of the millennium.
What was left of that money came to me and my brother early in 2020 - a modest sum, nowhere near life-changing. So what better to do with it, than invest?
Confessions of an Impulsive Investor: I put my inheritance into a magpie Isa of specialist investment trusts and snazzy ETFs, and it s up 20% - so far. Adrian Lowery for Thisismoney.co.uk
My father used to ‘play the stock market’.
He folded the profits from his small business in the 1970s into company shares, some of which came as recommendations from his stockbroker, over the bakelite telephone with a twisted brown cord.
He added to this substantially with the big privatisations of the 1980s, and left a decent sum to my mum when he died in 1997. She fortunately sold the portfolio before the stock market went down the pan at the turn of the millennium.
Six investment trusts to tuck away now – and six to sell
Max King presents his round-up of the “lame ducks” of 2020 and highlights six “Cinderella” trusts: strong performers that have not received the recognition they deserve.
29 Dec 2020
This year has been an excellent one for investment trusts. They have, on average, significantly out-performed both the overall market and their benchmark indices, but the dispersion between the best and the worst has been huge. The share price of the £16bn Scottish Mortgage trust has risen by 92%, making it the best performer; that of Riverstone Energy has fallen by 32%, following a 17% and 62% decline in 2018 and 2019 respectively.
US$12.3 TRILLION out of thin air…
And if you click here we’ll show you something that could be key to unlocking 5G’s full potential.
As such, I think it’s better to own at least five individual funds or a similar amount of stocks in different sectors and industries. I reckon this approach offers the best trade-off between risk and diversification.
There are a couple of trusts I’d invest in for a portfolio. These include
RIT Capital Partners, the
Scottish American Investment Company.
Each of these investment trusts provides something different. RIT is focused on delivering positive returns for investors in all market environments. To this end, the investment trust owns a portfolio of alternative assets such as hedge funds, private equity funds, private businesses and real estate.