Investor Views: "I Swapped Stock Picks for Closed-end Funds"

Retired investor Robert Long tells Morningstar why investment trusts form a core part of his portfolio

Emma Simon 7 June, 2017 | 2:19PM
Facebook Twitter LinkedIn

Robert Long, 74, describes himself as a keen investor: “It’s become a bit of a hobby in recent years, although I don’t buy and sell shares as often as I used too. I more interested in decent long-term returns, rather than a quick gain.”

Long started investing early. His first investments were insurance-based savings bonds he says. “I saved monthly, into a type of endowment plan,” he explained. “It wasn’t a huge amount each month, nothing I really missed, but after 10 years I had a decent sum of money. It taught me the benefits of saving on a regular basis. It soon adds up.”

He started investing more seriously in the 1980s, when he bought a number of the shares in companies that were being privatised. This included BT (BT.A), British Airways and British Gas, which subsequently split into Centrica (CNA) and BG Group, recently acquired by Royal Dutch Shell (RDSB).

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Bankers Ord118.40 GBX0.85Rating
BT Group PLC174.85 GBX0.72Rating
Centrica PLC46.66 GBX2.62Rating
City of London Ord397.50 GBX0.51Rating
Finsbury Growth & Income Ord908.70 GBX0.19Rating
Royal Dutch Shell PLC B1,448.40 GBX2.01Rating

About Author

Emma Simon

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

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites
© Copyright 2021 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies       Modern Slavery Statement