6

Deciding investment objectives

In earlier chapters we looked at investment trusts in some detail and compared them to their competition. The conclusion has been positive: they are a better investment vehicle for the long-term investor. We have also looked at other factors that should be considered, including the different investment styles of fund managers.

But, as an investor, how do you put this theory into practice? Whether monitoring how others run your portfolio, or doing it yourself, how should a portfolio be constructed and managed? These questions will be answered in the next three chapters. But first, the starting point in any investment journey is deciding your investment objectives.

Saving and investing

The very first question ...

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