RE: Live off dividend income?1 Feb 2025 15:01
Hi Dixon1! I have been using my ISA to supplement my pension income for the last 19 years.
But I have been on the market as a very amateur investor for 60 years! Unless you already have sizeable funds in ISA, and some investing (punting) experience, I would just use Vanguard.
If you do have some experience and actually want to manage a portfolio, then you should aim for a spread of at least ten investments, with the top three 'safe and boring bought for yield and safety(c30%) and two or three at the bottom highly speculative (c15%)
If your disposition is such that you will beat yourself up if your investments lose money for a while, use Vanguard, although you will still find that even Vanguard funds sometimes have a losing run - just not too extreme.
Hope this is helpful.