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Diversify effectively

Our reader should focus on improving his asset allocation rather than increasing the number of holdings in his portfolio
Diversify effectively

Dale, age 38, is self-employed and earns between £80,000 and £100,000 a year. His and his partner’s home is valued at £600,000 with a mortgage of £180,000. They also own a buy-to-let property valued at £85,000 with a mortgage of £50,000.

Reader Portfolio
Dale 38
Description

Sipp and Isa invested in funds and shares, gold, residential property, cryptocurrency, cash.

Objectives

Retire at 60 on income of £30,000 a year, build up retirement fund of £600,000, downsize home and be mortgage free.

Portfolio type
Investing for growth

“I would like to retire at age 60,” says Dale. “I hope to have built up retirement savings worth £600,000 by that time, from which I would draw £30,000 – 5 per cent – a year.

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