Edward Sheldon, CFA | Friday, 31st January, 2020 Image source: Getty Images Lindsell Train Global Equity: another top-performing global equity fund with a similar style to that of Fundsmith Murray Income Trust: an income-focused trust that predominantly invests in UK equities but also has the flexibility to invest a little bit internationally Edward Sheldon owns shares in Hargreaves Lansdown, Murray Income Trust, and Scottish Mortgage Investment Trust and has positions in Fundsmith, Lindsell Train Global Equity and Franklin UK Rising Dividends. The Motley Fool UK has recommended Hargreaves Lansdown. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Scottish Mortgage Investment Trust: a global equity trust that invests in exciting growth companies (this one is higher risk) Our 6 ‘Best Buys Now’ Shares Neil Woodford investors: here’s where I’d invest my money now TB Evenlode Income: a UK-focused income fund with a great track record Just remember that it’s important to diversify your money over a few different funds, in case one underperforms. Investment trustsInvestment trusts could be another option to consider. The advantage of these is that, because they’re ‘closed ended’, you don’t need to worry about redemptions impacting the fund manager’s performance. In addition, they can also be cheaper than open-ended funds.Some investment trusts I like include: Simply click below to discover how you can take advantage of this. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Index fundsIf you’ve had enough of portfolio managers, or you simply want to go for a low-cost option, index funds or exchange-traded funds (ETFs) could be worth a look. These enable you to track an index such as the FTSE 100 or the S&P 500, or invest in a particular style of stock, at a low cost.However, I would caution against opting for a vanilla FTSE 100 index fund as I believe the Footsie has a number of major flaws as an index (too much exposure to low-growth industries, not enough tech exposure, etc).Instead, I’d go for something like the iShares Edge MSCI World Quality Factor UCITS ETF, which invests in high-quality companies listed around the world.Individual sharesFinally, another option is to cut out the middleman completely and build a solid stock portfolio yourself. These days, it’s very easy to do your own research and put together a portfolio of high-quality companies as there’s a wealth of investing information available online for free. Over the long run, this approach could save you quite a bit in fees.If you’re looking for information on stocks to buy, the free resources here at The Motley Fool could be a good place to start. See all posts by Edward Sheldon, CFA “This Stock Could Be Like Buying Amazon in 1997” Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! If you were invested in Neil Woodford’s Equity Income fund, which was suspended in early June, you should now have received some of your money back. Yesterday, the fund’s corporate administrator made the first payment from the sale of the fund’s assets to investors.Looking for somewhere to park that cash? Here are some ideas.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…FundsIn my view, open-ended, actively-managed funds remain a solid choice for those looking to build their wealth over the long run, despite what happened with the Woodford Equity Income fund. That was a very unusual situation you’re unlikely to see again. Having said that, it’s important to do your research when investing in funds. Some have much better track records than others.Funds that I hold in high regard include: Franklin UK Rising Dividends: an under-the-radar dividend-focused fund that’s available with a low annual fee on the Hargreaves Lansdown platform Fundsmith: a global equity fund that focuses on high-quality businesses and has delivered stunning returns for investors since its launch in 2010 Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address City of London Investment Trust: a conservatively-managed UK trust with an excellent long-term dividend growth track record I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement.