Investor Views: "Don't Pay for a Manager Who Hugs the Index"

Professional investor Charles MacKinnon likes managed funds that are highly actively - taking big stock bets for investment growth

Emma Simon 15 February, 2017 | 2:56PM

As an investment director at Tilney, Charles MacKinnon is used to building bespoke portfolios for clients, and managing their money for them.

When it comes to investing his own money he tries to follow the advice he gives to others. He says there are three key things all investors should bear in mind: invest for the long-term, save regularly and keep an eye on costs.

He says: “I’m investing for the long-term. I’m 61 now, but I’m looking still looking to invest over a 40-year time horizon. The days are long gone when people moved into cash when they reached their 70s. People now need to ensure they have enough savings to fund retirement well into their 90s. The only way to do this is to invest in equities and accept a degree of volatility.”

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About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk

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