Thanks all for your great advice and all the links to places to find out more, very helpful and what makes LF such a great resource for those of us who wish we knew as much as you wise sages
mc2fool wrote:It's normally best practice to find out about an investment before you buy it.
Yes, I agree, I did spend some time trying to understand it but in the end I decided just to go for it based on some recommendations assuming that what I needed to know would become clear as I went (Which is what has happened) to be fair each of these holdings make up about 1/4 of my usual holding (and about 1% of total assets) so if I lose the lot it isn't too tragic.
Dod101 wrote:There are or have been numerous threads re the differences between OEICs, Unit Trusts and ITs and it would be well worth while for the OP to find them and read them. In fact now that I think about it it is a shame that there is not a permanent, easily accessible record on this site, because it is one of these subjects that crops up regularly.
Dod
Yes, I have started a few of them with other queries before I brought them as there was lots I wasn't sure about when I started, the whole issue of OEIC, UNIT Trusts and ITs just didn't come up, I guess the thing is you don't know what you don't know until you know that you don't know it (Makes perfect sense, right?)
GrahamPlatt wrote:It may also be worth pointing out to the OP that there’s a board dedicated to Unit Trust and Investment Trusts - one might begin here:
viewtopic.php?f=54&t=17061
Thanks Graham, I will keep an eye on that board from now on, to be honest I did look at that board before I made the purchase back in 2019 but it is very much about specific funds and what is happening with them where as my queries have always been far more basic, hence coming to the How do I invest board.