Compounding is one of the greatest gifts to investors who are able to sit tight and reinvest all their dividends. The new issue of Shares explains how it works.

Also this week: Are stocks in a bear market and does it matter? Shares also looks at ETFs getting active, investment trusts chasing unicorns and whether capital preservation funds are up to the job.

Find out about pension tax relief, why the dividend is so important at Vodafone and the select few small cap pharmaceutical stocks making a profit.

The digital magazine also features an article on how Blue Whale’s growth fund has become a top performer a year after launch.