Leslie Hughes is 78 and has been investing for 16 years. His investment objectives are retirement provision including long-term care for himself and his wife who is 71 years old. Their home already paid for.
Reader Portfolio
Leslie
78
Description
Funds and investment trusts
Objectives
Retirement provision
"There is no need for income," says Leslie. "My pension and my wife's earnings from property rental are sufficient to cover our total expenditure. Hence I've been slowly switching from income to accumulation units whenever those are available. My choice of income funds is based on the assumption that they will produce growth as well, so with deposit accounts yielding 0.5 per cent to 1 per cent that should give us capital protection.