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Don't take big bets on individual shares

Our reader should try to reduce his concentration in individual stocks to improve his income and preserve capital
September 29, 2016, Paul Derrien and Richard Hunter

Henry is 61 and has been investing for 20 years. In addition to his portfolio, he has investments worth about £230,000 with St James's Place, a final-salary pension of about £30,000 a year, and income from writing and books which goes up and down.

Reader Portfolio
Henry 61
Description

Sipp, Isa and trading account

Objectives

Increase capital and improve income

"With my self-invested personal pension (Sipp) and individual savings account (Isa) I am aiming to increase capital and reinvest dividends for a pension later in life," says Henry. "I am also looking to increase the capital of my unwrapped investments, but with these I want to maximise dividends to use as income. I would like to increase the income from this portfolio, as well as preserve capital.

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