Kate is 47, earns £42,500 a year and would like to retire when she turns 65. She owns a house which is worth around £400,000 and mortgage-free, and pays into a workplace pension.
She has already built up a reasonably sized investment portfolio, having taken an interest 15 years ago. Now however, an inheritance of £100,000 has prompted a desire to ‘shake up and diversify’ the portfolio, with a goal of maximising its growth ahead of retirement. She also has an additional £20,000 in cash thanks to a bond that matured in 2022.
Wealth Management Consultant, Samuel Back, provides some guidance on what Kate should consider when adjusting her investment portfolio, in this latest article for Investor Chronicles, available here. (Subscription required).