RE: To All The Retired People Out There15 Jun 2021 10:30
It depends if you are talking about an recommended portfolio service or you are managing your own pensions and investments.
The biggest mistake people make is overestimate their ability to make investment decisions. If you are an experienced investor with time to seriously manage an account then fair enough but if you are asking this question I’m not sure you would be in this category.
Diversification is key but this needs to be managed, a lot of managed funds will provide you with the diversification you need to provide a balanced portfolio. I would set aside what you need to give you a net return of 5% and invest in a ranged of managed funds. Or look at a managed portfolio service.
Then with what you can afford invest in direct equity. A few wrong investment decisions can have a serious effect on your financial position.
You may want to look at selecting a range of balanced and tracker funds, this is a good method to provide reasonable returns with security of tracking the markets.
A managed Cautious Portfolio service I believe it be reasonable to expect 5% per annum net of fees over a 5/10 year period. Anything less you need to look for a new adviser