moorfield wrote:...Firstly, have a clear view of overall (forecast) income and extrapolate it forward using a guesstimated growth rate (I have written plenty of posts about this here) - very few people attempt this, but that is the best guage of what your portfolio is doing and what your retirement may look like as far as 5-10+ years away.
This might be difficult as we don't know how these ITs will increase dividend payouts, and JGGI's for example is based on 4% of NAV. AIC have a "5 year dividend growth (%pa)" which I did use to select my ITs, for example it was one of the reasons I chose JPMorgan Claverhouse. But then past performance is no guarantee...etc
moorfield wrote:Secondly, use the AIC sectors and sector types to give yourself a diversification view, but remember you have a portfolio of ITs which are themselves diversified, ie. you don't need to get too precious about this.
Yes that's one of the reasons I shifted from individual shares to ITs. The exception is my infrastructure and renewables because they're much more like "real" operating companies as opposed to just holding shares in other companies. So once they've recovered I might switch those into plodder ITs which are more diversified and lower risk.
Also on diversification, why should I hold Schroeder Oriental Income when I have JGGI which is global? Shouldn't I just put it all into JGGI and let them decide when/when not to invest in Asia?
moorfield wrote:By the way, you have TRIG and JLEN listed twice ?
Oops, that's one of the problems of having too may ITs!
moorfield wrote:And how close to retirement may I ask ?
Well I'm 60 and am considering retiring in a month or two, or maybe going part time for 3 years until my wife also retires.