- A junior doctor wants to upgrade to a bigger property – and buy a second home in future
- He has a good risk tolerance, but wants to simplify his existing portfolio
- He also wonders about adding smaller companies and private equity into his investment mix
Reader Portfolio
James
28
Description
Mortgage-free £425,000 property, NHS pension, £96,000 Isa and £10,000 trading account
Objectives
Optimise investment portfolio and upsize a property
Portfolio type
Investing for growth
James is a 28-year-old junior doctor earning £55,000 a year. He has a two-bedroom flat in London worth £425,000 with no mortgage, the prospect of a defined-benefit pension in future, £96,000 in an individual savings account (Isa) and £10,000 in a general investment account, as well as £2,000 in cash. He may also inherit a portfolio worth around £400,000 in the next decade, although this is not guaranteed. James has no plans to increase his retirement savings beyond his NHS pension.