Jake is 59 and aims to retire at 60. He describes himself as an "adventurous investor" and over 20 years has built up an individual savings account (Isa) portfolio worth £236,000. He aims to use the income from this portfolio to supplement his secure pension. So he is seeking yield from the portfolio, plus some growth to keep pace with inflation.
"My holdings are too numerous and not diversified enough," he says. "I want to reduce the number of funds held and the management charges.
"I also aim to diversify the portfolio by adding a commercial property trust and other trusts, hopefully bought at a discount to their underlying net asset values. I do not see value in bonds or in adding gilts."
Jake's watchlist includes: TR Property Investment Trust (TRY), City of London Investment Trust (CTY), Scottish Mortgage Investment Trust (SMT), Edinburgh Investment Trust (EDIN), Finsbury Growth & Income (FGT), Troy Income & Growth Trust (TIGT) and Merchants Trust (MRCH).
To continue reading, register today
to enjoy limited access to the following:
- Daily trading news
- Funds coverage
- Features on big investment themes
- Comprehensive companies coverage
- Economic analysis