ADDING PROPERTY TO THE PORTFOLIO

TR Property invests in property and property companies across Europe and gives a solid dividend of 3.7%. A long time favourite of Investment Trust followers, it is less volatile than property companies that invest directly in bricks and mortar. The TER is a respectable 0.79% but performance fees last year pushed it up to 1.65%. It is on a discount of around 8%.

Moneybox Man bought TR Property in 1999, when the shares were 44.5p each. They stagnated for a year or two, then crept up to 52p a share. They are now 157p a share, which is low compared to the recent past.