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Ready Made Income Portoflio

Investment discussion for beginners. Why you should invest your money, get help getting started
fca2019
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Ready Made Income Portoflio

#262967

Postby fca2019 » November 8th, 2019, 10:37 am

My current ISA/SIPP investments are mainly in accumulation growth tracker funds and blended funds (eg lifestrategy).

I have been thinking in future I could retire early or drop hours and possibly go to a income portfolio. I'd like a monthly income ideally.

I stumbled across Fidelity Multi Asset Income fund, OEIC, which has a 5 star Morningstar rating, aims to produce a yield 4-6%, ongoing charge 0.91%, bonds 53%, stocks 21%, other 26%. In this scenario I'd want to drawdown the dividends rather than reinvesting them.

Is this a good feasible alternative to constructing 15-20 investment trusts, or shares to get income. Any downsides to the off the shelf idea? Any alternatives to this or an IT portfolio? Thanks

Wuffle
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Re: Ready Made Income Portoflio

#263002

Postby Wuffle » November 8th, 2019, 1:12 pm

Kames' 'diversified monthly income' performs a similar task.
I read about it on here somewhere but can't credit the source.
Better or worse, dunno.

Itsallaguess
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Re: Ready Made Income Portoflio

#263005

Postby Itsallaguess » November 8th, 2019, 1:17 pm

Wuffle wrote:
Kames' 'diversified monthly income' performs a similar task.

I read about it on here somewhere but can't credit the source.

Better or worse, dunno.


Was it this post from EssDeeAitch that you remember?

I have similar needs to those you express here and I have some allocation to Kames Diversified Monthly Income

Geo spread: Europe 40% (UK 20%) | Asia 35% | Americas 25%

Asset type: Equities 54% |Bonds 20% |Other (specialist like infrastructure & property) 20% | Cash 6%

Yield: 5%


https://www.lemonfool.co.uk/viewtopic.php?t=16480#p204264

Cheers,

Itsallaguess

fca2019
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Re: Ready Made Income Portoflio

#263014

Postby fca2019 » November 8th, 2019, 2:19 pm

@itsallaguess, @wuffle Kames Diversified looks good as well - thanks

Backache
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Re: Ready Made Income Portoflio

#263061

Postby Backache » November 8th, 2019, 5:45 pm

fca2019 wrote:I stumbled across Fidelity Multi Asset Income fund, OEIC, which has a 5 star Morningstar rating, aims to produce a yield 4-6%, ongoing charge 0.91%, bonds 53%, stocks 21%, other 26%. In this scenario I'd want to drawdown the dividends rather than reinvesting them.

Must admit 'Aims to produce a yield of 4-6%' and having ongoing charges of 0.91% would have me a bit worried that I was either eating a lot of capital or had a lot of junk in my portfolio.

Backache
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Re: Ready Made Income Portoflio

#263070

Postby Backache » November 8th, 2019, 6:43 pm

Having had a quick look at the prospectus it looks like it aims to be very bond heavy, if you are taking early retirement and are looking for income for a long retirement you might well find that the income lags inflation over time.

TUK020
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Re: Ready Made Income Portoflio

#263111

Postby TUK020 » November 8th, 2019, 9:33 pm

fca2019 wrote:My current ISA/SIPP investments are mainly in accumulation growth tracker funds and blended funds (eg lifestrategy).

I have been thinking in future I could retire early or drop hours and possibly go to a income portfolio. I'd like a monthly income ideally.

I stumbled across Fidelity Multi Asset Income fund, OEIC, which has a 5 star Morningstar rating, aims to produce a yield 4-6%, ongoing charge 0.91%, bonds 53%, stocks 21%, other 26%. In this scenario I'd want to drawdown the dividends rather than reinvesting them.

Is this a good feasible alternative to constructing 15-20 investment trusts, or shares to get income. Any downsides to the off the shelf idea? Any alternatives to this or an IT portfolio? Thanks


Other key factor to consider is track record in increasing dividend yr to yr.
Worth comparing to CTY IT


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