Investment trust plan

[coolaboola12]

Hi all

I have 60k to invest and am mortgage free and already maxing out my pension so have decided on investment trusts. I was going to split it between fcit , jam and mwy. I know these trusts would be buying some of the same companies but I want to diversify amongst the trusts in case one goes into trouble. Is this a good idea or should I just split it between fcit and jam for example

Thanks for any opinions

 

[RedOnion]

but I want to diversify amongst the trusts in case one goes into trouble.

In what way exactly do you see a trust getting into trouble?

 

[coolaboola12]

In what way exactly do you see a trust getting into trouble?

If they had a dodgy fund manager who gambled it all away on crypto ? Is it not possible for them to get into trouble ?

 

[RedOnion]

If they had a dodgy fund manager who gambled it all away on crypto ?

They all have rules around what they can & can't invest in, what % must be listed, etc.
Some are allowed to have borrowings, but it's limited to a small percentage of their assets.

Is it not possible for them to get into trouble ?

It's theoretically possible, but extremely remote.

 

[coolaboola12]

They all have rules around what they can & can't invest in, what % must be listed, etc.
Some are allowed to have borrowings, but it's limited to a small percentage of their assets.


It's theoretically possible, but extremely remote.

So to help protect against this remote possibility, isn't it a good idea to have two ?

 

[AJAM]

The 3 trusts you have chosen are all good choices. Feel free to allocate between them as you see fit.

 

[coolaboola12]

The 3 trusts you have chosen are all good choices. Feel free to allocate between them as you see fit.

Thanks for the reply