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Terry Smith, Nick Train and other fund managers share their investing tips

When it comes to investing, there is almost too much choice. So who better to help than those who have made money-making opportunities their full-time job? We speak to six of the City's most successful investors about their top tips on smart investing - and the pitfalls to avoid.

Until recently, when the latest smartphone hit the shelves fans would queue around the block to be the first to get their hands on it. But now sky-high prices mean people are hanging on to their mobiles.

Earning a degree now lumbers students with an average debt of £50,000, and high interest rates mean most won't pay it back before it is automatically wiped after three decades.

ASK TONY: We paid Thomas Cook £40 to pick our seats but ended up by the loos 

We pre-booked seats and meals with Thomas Cook for our flight home from Skiathos, Greece, at a cost of £40 each. At check-in, we were told the seats had been overbooked, so were allocated 38E and 38F instead of 5A and 5B. However, these were the rearmost seats, adjacent to the toilets, making them probably the worst on the plane.

Vauxhall invited Ray Massey, as part of a select group, to put its new sixth-generation Corsa hatchback through its paces before it hits the showrooms. Here's what he found out.

Aston Martin is producing a special edition of its 211mph DBS Superleggera to celebrate the 50th anniversary of the James Bond movie 'On Her Majesty's Secret Service'.

Natwest refused to refund university lecturer Rebecca Scott for five months after fraudsters, claiming to be from Natwest's fraud team, stole almost £8,000 from her bank account

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For current account rewards and interest conditions may apply eg. using provider's full switching service, min deposits and direct debits. For savings, access maybe limited, min/max deposits may apply. See T&Cs. Representative example: If you spend £1,200 at a purchase interest rate of 18.95% p.a. (variable) your representative rate will be 18.9% APR (variable).

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Marks and Spencer announces 10% fall in profits 

The UK High Street giant will close 85 more clothing stores and 25 food outlets as it continues its 'difficult turnaround'. It also announced a 9.9 per cent dip in profits to £523.2million for the year ending March 31 with chief executive Steve Rowe (inset) admitting the business will not see much progress until next year. M&S; (file picture main) announced its plans to close more than 100 stores by 2022 in 2016', but now says the closures will continue until 2024. It is the latest blow to High Street shops after Debenhams went into administration earlier this, while big brand restaurants also continue to suffer with Jamie Oliver announcing his Italian chain went into administration yesterday.

Royal Mail has warned it will cut its dividend from next year to help support transformation plans, as the postal service reported a dip in profits

Despite ministers pledging to do everything they can to save Britain's second-largest steel producer, it is now in liquidation after the government failed to hand it a £30million bailout.

Craig Donaldson, 47, issued an extraordinary apology to shareholders for the problems which have sent Metro stock plummeting 83 per cent from its peak in March last year.

Pret a Manger has bought rival food and drink retailer, Eat, which will help accelerate growth of its vegetarian brand, the firm has revealed.

Sterling slipped below $1.27 for the first time in almost five months, following growing speculation that Theresa May's Brexit deal will be junked by her replacement as Tory Leader.

Six features that are ultimate garden status symbols

With Chelsea Flower Show running this week, we ask what are some of the most en vogue features that will truly set your garden apart. We pick six luxury features, including bespoke sculptures and elaborate children's playgrounds to complete outdoor kitchens and helipads. There is also a property with a Japanese garden, with a vernacular style bridge spanning a fish pond and a Japanese garden room.

With a tiny number of residential loans and a total book of £3.7billion Tesco is finding it difficult to compete, especially as it needs to pay depositors more to fund its lending. So it is pulling out.

In the past two months, the so-called 'offset mortgage' sector has seen a resurgence after both Yorkshire and Vernon building societies launched new deals.

How to invest your way to be an Isa millionaire

Retired entrepreneurs Chris and Brenda Gandy have grown their nest-egg to nearly £1 million. And the 67-year-olds are in good company, with an estimated 1,000 UK savers now part of the so-called Isa millionaire club. So how can you give yourself the best chance of one day joining it, too? The first step is to open a stocks and shares Isa to ensure all your investment gains are protected from the taxman.

Investing in companies poised to make it big might bring rewards over time, but if you back the wrong ones, you could lose a fortune. That's why successful fund managers are paid huge salaries.

Doctors turning down overtime and taking early retirement because of insane pension rules have grabbed attention in recent days. But as investors, we are all enmeshed in this tangled web.

TV presenter Julia Bradbury sleeps in a caravan on a floating campsite on the Thames for a

To mark the centenary year of the caravan and the start of National Camping and Caravanning Week 2019, former Countryfile host Julia Bradbury spent a night in the middle of the Thames near Tower Bridge on the first ever floating campsite. We went to visit the TV presenter ahead of her evening's stay on the river.

Tax peril of mix-and-match Isas: Savers can easily fall foul of the rules

They run the risk of forfeiting a chunk of their Isa allowance unless they pick the right bank or building society. It's all down to the way each organisation has set up its Isas. Some let you mix fixed rate and easy-access accounts, and add to them whenever you want during the year. All are wrapped up together to count as just one cash Isa.

Solo traveller Sue Murgatroyd (pictured) feels penalised by single supplements after her husband Peter died from a suspected blood clot six years ago.

Analysis by insurer Royal London found borrowers aged 51 to 55 were taking out mortgages worth, on average, up to 30 per cent of the value of their homes in 2007, leaving them with at least 70 per cent equity.

Best current account deals: HSBC brings back £175 cash reward for switchers

The banking giant has brought back its £175 golden hello for those switching to its Advance Account, and has also introduced sweeteners for its Basic and Premier bank accounts. In order to get the £175 upfront cash bonus, customers must switch to HSBC's Advance Account using the Current Account Switch Service, and pay in £1,750 a month.

Goldman Sachs Marcus account comes with a 0.15 percentage point bonus payable for 12 months, while the Virgin one lets you make only two withdrawals each year.

For years, blameless bank customers have been tricked into parting with their hard-earned cash by increasingly sophisticated fraudsters. Lives have been devastated, and yet criminals are still at it.

Driverless cars improve traffic flow by more than a third, says Cambridge study

Researchers from the university programmed a small fleet of miniature robotic cars to drive on a multi-lane track and measured traffic flow when one stopped, with fully autonomous and simulated 'driven' cars. They found that the advantage of vehicles working together using artificial intelligence is that they will keep moving smoothly instead of bunching up - as a result improving traffic flow by 'at least 35 per cent'.

Britain's largest carmaker - owned by Indian firm Tata - slumped from a £400million profit in the previous financial year as it was hit by the economic slowdown in China.

Why Tesco Bank's mortgage pain means you could save money

Fierce competition in the mortgage market has forced six lenders to shut up shop since the start of the year - but all the vying for business means that customers can get some great deals.

Emily Evans bought her first doer-upper in Bridgwater, Somerset, aged 19, with her then boyfriend. They put down a £16,000 deposit and snapped up the Victorian semi for £160,000.

Tesco blamed challenging market conditions as closed a major chapter of its push into banking, once seen as a highly profitable area ripe for the supermarket to disrupt.

How to make a pension last a lifetime: The essential guide to financial success in

Four years ago, the Government brought in a rule change that had dramatic consequences for retirees. The reforms, known as 'pension freedoms', gave savers unprecedented flexibility around how they spend their hard-earned cash in retirement. But with that freedom comes a huge responsibility to ensure you do not run out of money and end up living on the poverty line in old age.

Phil Spencer, who hosts popular TV shows such as Location, Location, Location, reveals some of his simple value-adding tips, such as naming your house and hanging mirrors.

What are the 26 Great British A-Z 10p coins worth?

Last year we revealed coin collectors would be handed the challenge of hunting down 26 new 10p coins, featuring an A-Z of what makes Britain great.2.6million of the coins were initially minted in 2018, starting from the Angel of the North and running to the Zebra Crossing, via James Bond, cricket, fish and chips and a teapot. So, what are they worth now?

High street giant NatWest denied it was reneging on a five year old pledge to no longer offer 0 per cent balance transfer credit cards to customers, as it announced today it was re-entering the market

Deborah Meaden's tips on how to be a successful entrepreneur

Dragons' Den star Deborah Meaden offers her advice on becoming a successful entrepreneur at any age. Despite turning 60 this year, Deborah has no intention of putting her feet up any time soon. We caught up with her after a long day of filming for the 17th series of the popular BBC show, which airs this summer. 'Retirement has never, ever crossed my mind,' she says. 'And I honestly can't imagine when or why it would. If you're doing the thing you love, why on earth would you want to stop doing it?'

Fraudsters promise high returns to those who invest in cryptocurrencies and forex, according to Action Fraud and the Financial Conduct Authority. Victims lost an average of £14,600 in 2018-19.

The 59-year-old's giant Equity Income fund has had its rating cut by Morningstar from 'bronze' to 'neutral' - the second-lowest level, above only 'negative'.

Customers are cancelling insurance they can no longer afford

Research has found that 38 per cent of people had cancelled one or more insurance policies over the past three years because they could no longer afford them. In in 56 per cent of these cases, cancellations occurred in the past 12 months. Respondents cited both a rise in the cost of insurance and a drop in income as their reason for cancelling.

Personal finance site MoneySavingExpert discovered a Thomas Sabo silver bracelet cost £119 at Littlewoods, while the same item was on sale for £89 at Very — a £30 or 25 per cent difference.

The numbers changing their supplier in April were up 34 per cent since April 2018 and the highest number ever recorded, according to data from Energy UK, a trade body.

Jamie Oliver's restaurant empire lost £29m in one year - £5m more than it made in a DECADE

EXCLUSIVE: Jamie's Italian lost more money in 2017 than it made in all its years in profit, MailOnline can reveal. The firm lost a net total of £15m in its lifetime to 2017, despite turning over in excess of three-quarters of a billion pounds. It emerged the chef (pictured left with wife Jools) could personally be pursued by banks and suppliers for millions of pounds following the collapse of his restaurant empire, after he announced yesterday his struggling eateries would close with around 1,300 workers set to lose their jobs across 22 restaurants. The firm was said to have debts in excess of £70m.

The wine firm’s chief executive Rowan Gormley (pictured) is looking to sell all of its shops in Britain to focus on online sales. Majestic’s stores are on the market for £100m, Sky News reported.

De Beers made £326m from its latest auction of diamonds, down from £437m a year earlier. Part of mining giant Anglo American, it sells its rough diamonds in ten auctions a year in Botswana.

KPMG, which is led in the UK by chairman and senior partner Bill Michae,  was accused of 'truly exceptional' misconduct by the Financial Reporting Council

The Provvy was hit by the revolt at its annual meeting after it was slammed for paying Le May a £573,000 bonus. Investors controlling 20.4 per cent of shares opposed the pay report.

Hong Kong billionaire Samuel Tak Lee, who owns 26 per cent of Shaftesbury, is refusing to drop allegations that the company acted improperly when it raised £265m of cash from shareholders.

Timon Drakesmith, in the position for eight years, departs later this year after a successor has been appointed. Shopping centre owner Hammerson has been hit as rental income dips.

Readers still bewitched by Harry Potter's allure

Profits were 9 per cent higher than the previous year, while revenues edged up 0.7 per cent to nearly £163m. The biggest UK hit in the year to February 28 was young adult title A Court of Frost and Starlight, by American writer Sarah J Maas. The next two top performers were both Potter novels by JK Rowling, more than two decades after she launched her teenage wizard tales.

Severn Trent, which is run by chief executive Liv Garfield (pictured) and provides water to 8m people in England and Wales, said it is in discussions with MPs about the industry's future.

WH Smith has announced its boss Stephen Clarke will step down at the end of October after 15 years at the company and six years at the helm.

How to make your property pay without moving out

After decades of rising house prices, many homeowners have found themselves property rich but cash poor. Well, the good news is that you don't have to move out to turn your house into a cash machine, as these four entrepreneurial property owners show.

In Wales, the average asking price of newly-listed homes breached the £200,000 mark for the first time on record last month, rising by 2.1 per cent, Rightmove's latest figures show.

I feel that buying a home in my mid-20s was the best investment I ever made. I took advice to stretch myself as far as I could on the mortgage.

Quiz to guess the price of these log cabins

The humble log cabin has come a long way, and today offers a range of home comforts. These can range from gas central heating and fully integrated kitchens with central islands to spacious bedrooms with en suite shower rooms. How many of the half a dozen in our quiz can you get right, with values ranging from £25,000 to an impressive £1million. Some of the chalets can only be used as a holiday home part of the year, while others can be used as a permanent home that be used all of the time.

Do you still get the state pension if you go into a care home?

This is Money pensions columnist Steve Webb explains the rules, which depend on whether you pay fees yourself or if your place in a home is publicly funded. He also explains how whether you simply need help with basic needs, or nursing care as well, affects the financial situation.

Best dividend funds and trusts for investors paying more than 4%

When a company cuts its dividend payments, it can send many a chill through the wallets of shareholders, especially when that income is apart of their financial armoury. Vodafone cut its payout this week and there are fears that other big payers could follow suit. So where should investors look now for reliable, well-covered income.

It's an investment strategy, overseen by Alasdair Mundy, that can take a while to generate results. Over the past five years, the fund's performance has failed to match the FTSE All Share Index.

At 60p and with the prospect of more dividend growth in the pipeline (provided the economy does not nosedive), the shares represent good value for money.

20 of the best money-saving deals to put an extra £10,000 in your bank account

Follow our definitive list of the 20 best deals right now and that cause the least trouble to achieve. No need to turn off the lights or live on bread and water. It is simply a case of searching for value for money in everything from your bank account to what you wear and how you keep fit. Read our list to check what we think are among the best deals out there, use our helpful money-saving tools and tell us if you know of a better deal.

Some insurers - such as VitalityLife - are doing their bit by now allowing customers to extend their financial protection cover beyond its normal end date.

Amazon's offer will target homes with a smart speaker - enabling people to ask a remote assistant such as Alexa to play their favourite music from an online library containing millions of tunes.

Jay Aston went from Eurovision glory with Bucks Fizz to skint and back

Jay Aston, pictured right, was one of the four members of the Eurovision winning British band Bucks Fizz, main picture, but after years with them she left in 1993. She says the fallout saw her lose her London home and end up on unemployment benefits. Since then she has picked things back up and once earned £1,000 for singing one song. Now Jay is back out touring with former bandmates Cheryl Baker and Mike Nolan.

TONY HETHERINGTON: Amazon took £1,000 for mystery gift cards

Amazon emailed to say it was putting my account on hold because my card issuer disputed an order for a large number of Amazon gift cards costing £1,000. I told Amazon I did not order the cards, nor had I received them. Amazon confirmed the order was cancelled, but then it collected the £1,000 from my account anyway.

How much money do I need to save for my pension?

The amount you can save into a pension ultimately depends on what you can afford - but the longer you leave it the more you will need to save. We tend to put ambitious targets on our hoped-for income in retirement and then underestimate how much we will need to set aside to achieve that. So how much should you save?

Each week we pick out our favourite financial deals to slash your outgoings and make your money stretch further. This week it's savings accounts, a top travel credit card and best-buy mortgages.

Best stocks & shares Isas: Pick the best DIY investment platform

Choosing the right DIY platform is crucial but a wealth of choice and changes to charges have left many investors scratching their heads. We pick some of the best. We also highlight why investing in an Isa makes sense, as it should protect your hopefully growing investments from tax forever.

We asked trusted experts to recommend the best funds that cover different investment sectors - and included This is Money's selection of active and passive options too.

Rightly or wrongly, some people simply want a quick, straightforward route map to investing in an Isa. To that end, this is our distilled guide to getting started.

When will UK interest rates rise?

Lower than expected inflation figures have added weight to expectations that interest rate rises will remain on hold throughout most of 2019. This combined with the Brexit extension is forecast to keep monetary policy steady, with rates held at 0.75 per cent. While unemployment is low and wages are rising, there are still concerns over Britain's consumer economy and business investment being stalled by continuing Brexit uncertainty.

Best mortgage rates: Compare fixed rate and tracker rate mortgage deals

The average two-year fixed rate mortgage rate has crept up by 0.13 per cent in the past month, possibly showing the first signs that the ongoing price war between lenders is drawing to a close.

Ten tips for buy-to-let: Essential advice for property investment

Buy-to-let is much tougher than it once was. But for many Britons the idea of investing in property still appeals, as they trust bricks and mortar and may feel that they can add value to a property. Read our top ten buy-to-let tips

Premium Bonds Winners

Prize Area Value of bond
£1,000,000 Kent £3,000
£1,000,000 York £5,000
£100,000 Central Scotland £20,000
£100,000 Kent £2,500
£100,000 Cornwall £5,000
£100,000 Kent £5,000
£100,000 West Scotland £5,000
£50,000 Kent £37,000
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