Learn smart family money tips with April’s Moneywise out now
Find out how to grow your money using investment Isas, save £1,000s on mortgage costs, energy bills and rail fares, plus much more in the April edition of Moneywise.
The latest magazine, which goes on sale in WHSmith today for £3.95, also includes 10 ways to boost your retirement income, information on how to set up a family business, six ways to make money from collecting, and details the best budgeting apps.
Continuing with our ‘Get Financial Education Working’ campaign, we’ve rounded up the top money books for kids so you can help your children or grandchildren to start understanding how the world of money works.
This month’s edition also includes a free pullout guide on how investment trusts work, which reveals the results of the Moneywise Investment Trust Awards 2017. Plus, you could be in with a chance of winning £3,000 to invest.
We also have competitions to win a weekend getaway in Wales and a book for children called “How the world really works: Savings, investments and pensions”.
Moneywise has spent the past 26 years helping you with your finances. To ensure you never miss out on a copy of our magazine, why not consider getting a subscription?
Currently, we have an offer running where you can get the first three issues for £1, and then pay £7.50 every three months – saving you over 50% on the usual annual subscription price (£47.40). See our Subscriptions page for more information.
Investment trusts are companies that invest money in other companies and whose shares are listed on the London Stock Exchange. As with unit trusts, private investors buying shares in an investment trust are buying into a diversified portfolio of assets (to reduce risk), which is managed by a professional fund manager. Investment trusts differ from unit trusts in two important ways: they are listed on the stockmarket and so are owned by their shareholders and are closed-ended funds with a finite number of shares in issue. This means the share price of investment trusts might not reflect the true value of the assets in the company (known as the net asset value, or NAV) and if the NAV value of a share is £1 and the share price in the market is 90p, the trust is said to be running a discount of 10% to NAV. But this means the investor is paying 90p to gain exposure to £1 of assets. Investment trusts can also borrow money and use this money to buy investments. This is known as gearing and a geared trust is thought to be more of an investment risk than an ungeared one.