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Funding "more retirement fun" with investment trusts

Our experts agree that this retired investor can take on high risk via investment trusts. But he needs to introduce more income from overseas.

This investor, who wishes to remain anonymous, is 65 and has been investing for 30 years, accumulating a portfolio worth £415,000. He has an index-linked pension of £50,000 a year and his wife has a £25,000 index-linked teacher's pension. They have no mortgage on their house.

He wants to move his portfolio, mostly held in an individual savings account (Isa) and a self-invested personal pension (Sipp), to an income basis to "fund more holidays and fun". He describes his attitude to risk as "high" because he has a good pension and no mortgage. He is thinking of adding Diverse Income Trust (DIVI) to his portfolio.

Reader Portfolio
Anonymous 65
Description

Isa and Sipp

Objectives

Income and growth

 

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