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Effective Investing: A simple way to build wealth by investing in funds by Mark Dampier

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Chapter 4. Narrowing the Field

So you have completed your financial plan and decided to begin your new investment programme. Let’s say you are planning on putting aside £1,000 a month for the next ten years. You have set up an ISA to allow you to do it without having to pay any tax on the income and capital gains. Having considered all the pros and cons, you have decided, like me, that you are going to use funds rather than invest directly in individual equities and bonds, or in more complex alternatives such as investment trusts. Great! Now it is time to turn your attention to which funds are going to best suit your purpose. This is where you will immediately run into the first of the major challenges that any self-directed investor faces. ...

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