Don't bother with unit trusts - try these instead

Putting your money into a unit trust is simply suicidal investment - they're expensive and offer measly returns. Bengt Saelensminde suggests an alternative that's cheaper and can offer good returns.

I've never been a big fan of unit trusts. They cost a small fortune in fees. And once you strip out all the expenses that they leach from investors, there is often very little to show for your investment.

As far as I'm concerned, you end up paying a first class price for a distinctly second rate service. And there is no reason to accept this state of affairs.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.