Portfolio Clinic 

Move cash into bonds and equities to get 5%

Reader Portfolio

Michael Stevens, 62

Description

Isa and pensions invested in funds and investment trust

Gold

NS&I bonds

Cash

Objectives

Grow portfolio to help supplement retirement income and allow one-off expenses.

<p>Isa and pensions invested in funds and investment trust</p><p>Gold</p><p>NS&amp;I bonds</p><p>Cash</p>

Michael Stevens is 62 and his wife 67. Both are retired and receive just over £3,000 a month in income from final-salary and state pensions and Michael’s part-time work. The couple own their own home, have one financially independent son and no grandchildren. The couple would like to spend around £7,000 a year on holidays and anticipate minimal large expenses in the medium term.

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