Cover; Contents; About the author; Acknowledgements; Foreword; Introduction: The changing landscape of investing; Chapter 1: What are investment trusts?; Structure and differences; Net asset value (NAV); Discounts and premiums; Price and size; Range and reach; Chapter 2: Better performance and cheaper fees; Better performance; Beware unit trust tables; The strange case of â#x80;#x98;mirror fundsâ#x80;#x99;; The effect of cheaper fees on performance; Lesson from America; The TER and more; Performance fees and Warren Buffett; Chapter 3: The opportunities and risks of discounts; Opportunities and risks.
Factors affecting discountsHow to judge value; The risks of investment trusts; Discount control mechanisms; Chapter 4: Other pros and cons of investment trusts; Investment trusts are better understood; Gearing; Directors and shareholders; The long term and alternative assets; Size and marketability; Dividends; Capital changes; Enhanced flexibility; Chapter 5: Useful investing miscellany; Directorsâ#x80;#x99; and managersâ#x80;#x99; shareholdings; The report and accounts; Doing the splits; ETFs and trackers; Portfolio turnover; Different investment styles; Chapter 6: Deciding investment objectives.
Saving and investingRisk tolerances: time and volatility; Currency considerations; Income requirements; Choosing a benchmark; The route to market; Chapter 7: Successful investing; Getting started; Why it is important to stay invested; Diversification; Reinvesting dividends; Regular rebalancing; Reaching investment goals; Chapter 8: Other investment secrets; Sentiment versus fundamentals; Keep it simple and cheap; Multi-manager funds; Hedge funds; Structured products; Ignore forecasts; The magic of compound interest; Chapter 9: The Investors Chronicle portfolios; The rationale.
Investment philosophyInvestment strategy; Balancing competing factors; A recent column; References.