(posted 7228 days ago)Telegraph : Money
Spoiled by choice
(Filed: 10/07/2004)You can have too much of a good thing and many people find the vast array of unit trusts makes it difficult to choose one.
Belinda Gordon wants her savings to do well but that was not her main criterion when she invested in the Virgin FTSE 100 tracker fund.
She said: "I would rather have something straightforward and easy to understand even if I do not make as much money as I might elsewhere. My mother invested in the Virgin tracker and also had her pension with Virgin and was very pleased.
"One of the problems for someone like me with limited knowledge of stocks and shares and investments generally is that there seems almost too much choice."
Ms Gordon, who is a civil servant, initially invested £1,600 of last year's Isa allowance in the fund and then topped it up with a further £500.
She said: "The literature from the company was very easy to understand and made it clear that this investment was not for the short term and would only perform in line with the FTSE 100.
"This was a little money that I found I had left at the end of each month. I am not looking to cash in the investment for at least five or 10 years. Then it might help with the deposit on a house."
At present, Ms Gordon owns her own flat in Kennington, south London, but sees herself as a country girl and would prefer to live outside London.
"To be honest I still act a bit as if I am a visitor to London: taking advantage of the theatre and tourist attractions. But my real enjoyment still comes from walks in the countryside."