I shouldn't start on this topic but anyway here is my 2c worth.
I'd steer clear of managed funds - all the advisor does is take a cut then hand it over to some umbrella fund like Norwich who takes more continual fees & also pays the advisor a retainer as well. They always tell you it costs nothing to alter your portfolio choices but it is hidden in the entry & exit prices in & out of the funds. You pax tax on the valuation at end of year & when it was in the bull market everyone would have paid tax on money they never actually end up getting?
You can probably do a much better job yourself by buying some down trodden cashed up stocks anyway.
I know everyone is avoiding property trusts but one that is closest to being recession proof is Aspen Parks Funds which own & lease many caravan parks (if we all lose our homes we'll probably be there too) They have quite a few in the mining areas & even though that has slowed down there was never enough accomodation for all the extra people so they are still thriving with people coming & going. It pays around 11.5% & still allow redemptions when i rang recently - not that we want our money out because where else can you get that return & not worry about tenants etc. They are still taking investments in as they are always on the prowl to buy another caravan park around the coastline or in working towns.
