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You are diversifying needlessly across bond holdings

By Chris Dillow and Lee Robertson , 15 January 2013

James Hunt is 68 and has been investing for five years to safeguard his capital and provide an income for himself and his 62-year-old wife.

He sold his business in 2007 and had no previous investing experience. He has no need to take on risk to secure his future. "We live winters normally in the US where we own a home. We have been advised to invest offshore by an independent financial adviser (IFA) in the City. We draw between us £50,000 a year from bonds so secure a net income of around £85,000 a year."

He has a medium attitude to risk, while his wife's is low although he selects her shares. Their share portfolios are based mainly on a few inherited shares plus IC recommendations. "It is what we consider a mixture of steady companies and IC speculatives," he says.

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