Dividend of the week - Caledonia Investments
Sometimes it is easier to sit back and watch others manage your money, whilst you focus on perhaps a few favoured stocks that you get to know very well. This approach is expensive because whichever way you look at it, you are paying an overpaid fund manager to underperform the market is many cases. However, this is not always the case and sometimes you can gain exposure to sectors or situations that you do not understand. For that reason, it may be worth paying the price. Up until recently I refused to cover the Investment Trust Sector in DividendMax on the grounds that I believe you are better off managing your own money. After some pressure from our clients, we initiated coverage of those in the FTSE 350.
