Now that the investments from my wife’s estate have finally reached my account, I have done my annual review of investments. With the recent decline in equity values, accentuated by the Ukraine war, I’m feeling somewhat poorer than last year and had a good look at investment charges. As a person withdrawing through drawdown, charges are effectively a reduction in each year’s income – if I can save £1000 charges, I have £1000 to spend. I’ve noticed that my online investment platform charges drop dramatically if I use Investment Trusts rather than Funds, and also that the depressed market values have resulted in discounts on many Trusts. So although the range of Trusts seems less than the range of Funds, I’m going to move several Funds over to Trusts, and if I find I like it, I may move almost everything into Trusts over a few years.
Making Sense of My Personal Finance