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'My father's mistakes made me cautious – but now my portfolio doesn't beat inflation'

Portfolio Clinic: Our reader's father lost everything in the dotcom crash, making him prone to safety. But now he needs a £570,000 portfolio to provide £20,000 a year
January 12, 2024
  • Our reader's caution means he has ended up holding a lot of cash
  • He has to file US taxes, which reduces his investment options
  • How can his assets generate enough income and maintain their real value?
Reader Portfolio
George and Edna 68 and 62
Description

Pension, Isa, general investment account

Objectives

Retirement income, helping children on the housing ladder

Portfolio type
Investing for income

Some investing lessons are learned at a high price. After a difficult family experience, George, 68, invested his retirement savings with caution, but is now struggling to make sure his pot grows ahead of inflation, and needs some help.

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