MONEY: MY DIMMEST INVESTMENT
Sunday 14 March 1999
In November 1994 I was seduced by a mailing from Johnson Fry urging me to invest pounds 1,000 (plus pounds 60 for administration) into the succession of French privatisations. It seemed worth a try as the UK privatisations had proved so lucrative. But French government policy turned against privatisation, the pound grew stronger, and the arrival of the euro proved a death knell. Just four years later I got back pounds 855.47. And I had decided against the Johnson Fry SlaterGrowth Unit Trust as it seemed too risky!
The Fool responds: You have learnt a very expensive and unfortunate lesson. About 90 per cent of actively managed unit trusts underperform the returns of the overall market. As for French privatisations, I doubt if you knew much about
them. Following the old adage "buy what you know" often helps. In future, you will know that YOU are the person best positioned to look after your own financial affairs, not some well paid so-called expert.
- 1 Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
- 2 Moscow voted the world's unfriendliest city
- 3 The excuses your boss is most likely to believe when you call in sick
- 4 I'm pansexual – here are the five biggest misconceptions about my sexuality
- 5 More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
The excuses your boss is most likely to believe when you call in sick
Bono's group has made more money from Facebook investment than from all his music
Three-year-old ultra-Orthodox Jewish children told 'the non-Jews' are 'evil' in worksheet produced by London school
Wikipedia rocked by 'rogue editors' blackmail scam targeting small businesses and celebrities
More than 11,000 Icelanders offer to house Syrian refugees to help European crisis
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
Jeremy Corbyn calls Osama bin Laden's killing a 'tragedy' - but was it taken out of context?
If these extraordinarily powerful images of a dead Syrian child washed up on a beach don’t change Europe’s attitude to refugees, what will?
Senior British politicians tell David Cameron: When dead children are being washed up on beaches, it's time to act
If you're not already angry about the refugee crisis, here's a history lesson to remind you why you really should be
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
iJobs Money & Business
£14000 - £16000 per annum: Recruitment Genius: This company was established in...
£20000 - £25000 per annum + OTE 40k: SThree: SThree are a global FTSE 250 busi...
£20000 - £25000 per annum + competitive: SThree: SThree are a global FTSE 250 ...
Voluntary and unpaid, reasonable expenses reimbursable: Reach Volunteering: St...