Bouleversee wrote:XFool wrote:Bouleversee wrote:I'm still losing a large percentage of the money I put into Woodford's Patient Capital Trust and I haven't forgotten I lost all of my investment in the Slater Walker Investment Trust run by Tom's father when it went bust.
Are you sure that was an investment trust?
With my declining memory, I am not sure of much these days. I think it was Slater Walker Growth (which could have been a fund though I thought it was an IT) that we were invested in. Does it matter?
"Does it matter?" I suspect it does. If you are risk averse then it would likely be best to stick with a collective investment instrument - such as an investment trust. ITs are regarded as pretty safe in the UK, generally they do not have that much of a record of going bust. If failing they are usually, merged, taken over or rolled over into another IT. Or gradually closed down and funds returned to investors. (Unfortunately that can even happen if they are successful)
There are exceptions: The most obvious example in the UK was the debacle over income shares of split capital ITs in the early part of the century, due to leverage and mutually investing in each other's shares. A pretty similar thing happened in America in the 1920s with ordinary ITs, which is why to this day ITs are not really a thing in the USA.
Many older TLF investors invest in ITs. You still choose your own investments, but you aren't taking a risk with a single company share!
Bouleversee wrote:I think we lost our stakes in Surinvest Performance and Invan as well.
I don't know anything about Surinvest Performance and Invan.