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 Daily and weekly reading

If you intend to take an active interest in your money, whether it be on deposit or invested in a unit or investment trust or in shares or gilts, you will need to know what is happening to the British economy, in particular, and to the world in general.

A daily newspaper is a must. In purely financial terms, there is no substitute for the Financial Times. If you only want to keep in touch with your investments on a weekly basis, Saturday's Financial Times is particularly good value. There is an extensive weekend supplement, including coverage of events in world markets during the preceding week, detailed quotations of most unit trust and investment trust prices, interest rates obtainable on deposits and a range of different securities, and the prices of individual shares.

Most of the other quality dailies also have extensive and well-informed City pages, as well as providing a backcloth of general news. Whichever of these newspapers you take, make sure that you read the City pages thoroughly.

The Investors Chronicle is a weekly must for the serious private investor. There are extensive sections on business, investment and personal finance (including unit and investment trusts) and company results with detailed reviews. It also often has special supplements and features on a range of topics from personal financial planning to property.

The City columns of the Sunday papers are also well worth reading. They have extensive family finance supplements, which review unit and investment trusts. They also show leading share prices, cover major City news, and give share recommendations.