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Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Jeremy Whitley, manager, Dunedin Income Growth Investment Trust (LSE: DIG).

Recently-founded internet companies are being floated at super-premium valuations. Mergers and acquisitions are back on the agenda. Smaller companies are beating their larger brethren. In short, the environment is a bit ‘frothy’, and investors are keen to take on risk.

In this atmosphere, it’s easy to forget that over the long term, it’s reinvested dividends that provide the largest proportion of total returns. Smart investors will keep this in mind, and focus on [...]

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