Earn 5%-plus on your savings with the September issue of Moneywise out now
Savers can find out how to earn 5% or more with the September issue of Moneywise magazine, which goes on sale in WHSmith stores today.
For just £3.95, we explain the risks and rewards of using peer-to-peer lending to beat low interest rates on cash savings, plus we detail the providers you can trust.
September’s magazine also includes tips for students heading to university, details on how to claim compensation for pesky flight delays and cancellations, and the lowdown on running a business in the evening.
If it’s investing you’re interested in, the latest issue looks at buying and selling gold, takes a closer inspection of the City of London Investment Trust – one of our First 50 funds for beginners – and shows you how to invest in your kids’ financial future.
We also reveal the best pensions for every stage of life in our Pension Awards 2016, and explain everything you need to know about teachers’ pensions.
Meanwhile, Moneywise columnist Jasmine Birtles, gives her top five tips on haggling a discount.
Plus, you could be in with a chance to win a two-night stay in a coastal village.
Moneywise has spent the past 26 years helping your finances. To ensure you never miss out on a copy of our magazine, you could 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.