MY SMARTEST INVESTMENT

THE LATEST NEWS FROM THE MOTLEY FOOL

I think my smartest investment was to cancel an endowment policy I had been investing in for a couple of years and divert my regular payments into an index-tracking fund within an ISA.

DE, London

The Fool responds: we think you could be right. Endowments can be very expensive investments that take years just to break even. If this change in your investment is tied to a mortgage, you stand a good chance of having your home paid for a fair bit sooner.

n Send us your smartest or dumbest investment story. If we publish it, you'll get a free copy of our investment guide. E-mail to UKColumn @fool.com or post to Motley Fool, 79 Baker Street, London W1M 1AJ.