- Our reader has a 'gamble' and a 'wealth preservation' portfolio
- He wants to know if it's time to change given his age
- Also, is it time to focus on something other than investment trusts?
Reader Portfolio
Derek
91
Description
Isa, pension and general investment account
Objectives
Growth balanced with wealth preservation and income
Portfolio type
Investing for growth
It’s never too late to change. That’s the mantra of Derek, a 91-year-old lifelong investor now considering swapping around his portfolio. The strategy, a barbell approach built mainly of investment trusts and some exchange traded funds (ETFs), has served him well so far and he still has nearly £1.3mn invested despite living off his savings for some time. But as he looks to the future, he thinks it might be time to try something new.