Simon Ashley is 60 and has been investing for 25 years. He and his wife have recently retired with inflation-linked pensions that easily meet their day to day needs. He invests using their individual savings account (Isa) allowances to the maximum each year and uses his investment portfolio to pay for holidays and treats.
He says: "I am trying to protect our capital against the government debauching our hard-earned capital. I am willing to take some risk as I do not regard holding cash as risk-free. I have more faith in some big blue chips than I do in the UK government.
"I tend not to trade except that if a share gives me 20 per cent profit in a short period of time, for example, three months, then I seriously review the investment with a view to selling to capture profit. Similarly, with losses."
In addition to his main home, he has a small house which he rents out to a relative. He has an interest-only £60,000 fixed rate mortgage which has to be paid by 2019.
He and his wife have no children.
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