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"A fair-sized proportion of my wealth is tied up in the most diversified UK-based investment you can get: a FTSE All-Share index tracker."

A tracker's very likely the best solution for people who don't have the time or the inclination to give their investment the attention it needs.

But isn't it blindingly obvious that any serious investor - let alone a professional - who can't do better than a tracker has got to be pretty bad?

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