- Terry is considering whether to re-jig his portfolio to add diversification and resilience
- He seeks returns of 5 per cent, and will look for a gross income of £70,000 in the future
Reader Portfolio
Terry
57
Description
£300,000 in an Isa and £40,000 in a general investment account, plus pensions, residential and buy-to-let properties, cash and Premium Bonds
Objectives
A 5 per cent investment return and a gross income of £70,000 a year
Portfolio type
Investing for growth
Terry is 57 and left the workforce last year. He has a £615,000 defined contribution pension pot and two small defined-benefit pensions that should pay him around £8,000 a year from the age of 60. He has a home worth £1.5mn with a £525,000 mortgage on a base-rate tracker, a buy-to-let property worth £315,000 with a £105,000 mortgage that generates a gross income of £11,700 a year, £340,000 invested in Isas and general investment accounts and £50,000 in NS&I Premium Bonds. He has another £100,000 in easy-access cash.