This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
AU
Pocketmags Digital Magazines
   You are currently viewing the Australia version of the site.
Would you like to switch to your local site?
Digital Subscriptions > Prospect Magazine > Mar-18 > Giving money to computers

Giving money to computers

Sounds like sci-fi—but it’s surprisingly boring

You’ve earned your money and you don’t want to put it in the bank— so how do you invest it? One answer has always been to get on the phone to a fund manager who, for a fee, would start putting your cash into new, hot investments. The returns from this can be substantial and over the years it has been a system that made people a lot of money.

But it brought with it a whole host of problems and compromises. For one thing, to get into an “active” fund—that is, a fund managed by an individual or team picking stocks based on their own expertise—you needed to be ultra-wealthy. Second, the fees charged by those fund managers could be pretty steep. And third, there was no guarantee your returns would be any better than simply buying stocks in the top 20 companies listed on the FTSE 100.

READ MORE
Purchase options below
Find the complete article and many more in this issue of Prospect Magazine - Mar-18
If you own the issue, Login to read the full article now.
Single Issue - Mar-18
$7.99
Or 799 points
Annual Digital Subscription
Only $ 6.90 per issue
SAVE
28%
$68.99
Or 6899 points
Monthly Digital Subscription
Only $ 7.19 per issue
SAVE
25%
$5.99
Or 599 points

View Issues

About Prospect Magazine

In Prospect’s March issue: A series of writers turn their thoughts to the developing war over words in the UK and the US. Lionel Shriver, Afua Hirsch, Simon Lancaster, Hugh Tomlinson, Tom Clark and two students ask if free expression is truly compromised? What’s really going on in our universities? And what do voters think? Elsewhere in the issue: Michael Ignatieff questions why today’s left-wing leaders can’t live up to the high mark set by FDR, Sameer Rahim shows how western powers have been trying to dictate what Islam should be, and Mary Beard asks “How do we look?” as our perceptions of what is beautiful have changes over the centuries.