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Back the field rather than individual horses over the very long term

Our reader should diversify his daughter's portfolio by reducing the large holding in National Grid
Back the field rather than individual horses over the very long term

Rory has built up a portfolio comprising an individual savings account (Isa), Lifetime Isa (Lisa) and self-invested personal pension (Sipp) for his 18-year-old daughter.

Reader Portfolio
Rory Anderson's daughter 18
Description

Isa, Lisa and Sipp

Objectives

Fund retirement from the age of about 55 to 65

Portfolio type
Investing for growth

"The purpose of the portfolio is to fund my daughter's retirement from the age of about 55 to 65," explains Rory. "I intend to invest the maximum amount possible in Isas until she is 25, split between a stocks-and-shares Isa and a Lisa, and continue to contribute £2,880 a year to her Sipp.

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