Long-term investment is about ‘free money’ – something outside of day-to-day living, and the stuff that can be lost without family destruction. However tempting it may be to use other monies, only free money has the patience to wait for time and income to prove themselves. And the new investment trust sectors enable all of us to allow our imaginations to soar, while recognising that the DNA of investment companies will give our money the discipline that Mr Woodford so sadly lacked.
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