- Our reader wants to cut costs by buying investment trusts
- His Isa currently has 20 funds and a handful of stocks
- His Lifetime Isa is also entirely invested in shares but requires a change in strategy
Reader Portfolio
Bruce
26
Description
Isa and Lifetime Isa
Objectives
- Change funds into cheaper investment trusts
- Grow Isa as much as possible
- Make sure the Lifetime Isa is ready to buy a home in five years
Portfolio type
Investing for growth
Investment trusts versus funds. A debate as old as time, or at least since 1931 when M&G launched the first unit trust. It’s often thought that trusts are the preferred vehicle of the experienced investor and funds are for those new to the habit of investing. That isn’t the case for Bruce, who is 26 and has a conundrum on his hands.