Interesting to see (http://tinyurl.com/38dwax7) that The Charities Property Fund, the first common investment fund for charities in England and Wales, is celebrating its tenth year with a return of 19.1 per cent for the past 12 months. Obviously this should be part of a balanced portfolio, as property is a volatile investment – and a large holding is not for the brave hearted
Also if your income in demominated in, say, euros, and you spend in sterling again your gtrants may now be worth rather more than they were towo years ago.
However, if you are spending in euros or dollars or paid from sterling, or invested at the bottom of price swings of the property market, then woe is you.
All goes to show you need professional advice if you do not have good comon sense and knowledge – and bear in mind only if you are properly in contract with payment of fees can you sue for wrong advice
