Take back control of your investments today

High fund management fees and low savings rates make it more important than ever that investors take control of their money. And DIY investing is both simple and rewarding, says Tom Bulford . Here, he explains how to go about it.

In recent articles I have explained that if you hand your savings over to a fund manager, you are asking for trouble. Because while he is certain to make a handsome profit, you may not. Low investment returns and high fees are a lethal combination, and this is not likely to change.

Similarly, interest rates on savings accounts are highly likely to remain miserably low. And property doesn't look much better: according to a report by Aviva, 62% of over 55's own their own home outright. Many of them are going to want to realise some of the value in their property to pay for their retirement, but the younger generations cannot afford to buy it from them.

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Tom worked as a fund manager in the City of London and in Hong Kong for over 20 years. As a director with Schroder Investment Management International he was responsible for £2 billion of foreign clients' money, and launched what became Argentina's largest mutual fund. Now working from his home in Oxfordshire, Tom Bulford helps private investors with his premium tipping newsletter, Red Hot Biotech Alert.