Investment Trusts: how did you buy yours?

[Mapara]

Just wonder what is the best way to buy an IT.
Does it make sense going through a broker or buying direct online,also is it possible to make suggestions of particular trusts that could be researched for 7 to 10 year investment plan.

 

[dublin67]

Degiro works for me. Most investment trusts seem to be quoted on the London Stock Exchange.

 

[Ravima]

For research, buy Financial Times and google the Trusts you are interested in.

 

[galway_blow_in]

Just wonder what is the best way to buy an IT.
Does it make sense going through a broker or buying direct online,also is it possible to make suggestions of particular trusts that could be researched for 7 to 10 year investment plan.

Assumed you could only buy through a broker?

 

[jpd]

Investment Trusts are traded on the LSE just like shares - so any brokerage account will do - online, telephone or whatever

 

[RedOnion]

Assumed you could only buy through a broker?

In limited cases, you can purchase directly from the provider also. Historically this was a common feature with UK listed companies, but is being phased out by many.

 

[Ravima]

Sometimes the Company Registrar will buy/sell for you.

 

[Sarenco]

Some investment trusts have savings plans.

Here are the terms and conditions for the BMO (manager of F&C Investment Trust) plans -

https://www.bmogam.com/gb-en/retail/wp-content/uploads/2018/09/l40-gia_isa-kfd.pdf

The T&Cs provide that they may accept applications from non-UK residents at their sole discretion.

 

[Mishima]

Interesting @Sarenco, would there be advantages to using a saving plan in BMO over buying shares in F&C via a broker and the related ability to offset against losses etc. How would revenue treat a UK savings ac?