Investor Views: "Finding Low Risk Assets is Difficult"

Retired investor Bill Davidson tells Morningstar he is keeping his ISA portfolio invested in higher risk assets partly because safe havens have become expensive

Emma Simon 11 January, 2017 | 2:01PM
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Bill Davidson may be in his early 80s but he has no intention of moving his ISA portfolio into defensive asset such as bonds and cash. Davidson, who previously worked as an engineer, says that since his 50s he’s managed his own money.

 “I suspect a financial adviser might not agree, but I prefer to make my own decisions,” he explained. “I have had financial advice in the past, but I have not found it particularly useful. They usually seemed to be more keen on selling some product or other.”

Davidson spent most of his working life working for a large oil company. This provided a decent company pension, which enabled him to retire at 60. He also has a smaller company pension from another employment, which was used to buy an annuity when he retired.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Finsbury Growth & Income Ord863.63 GBP-2.63Rating
Henderson Far East Income Ord283.27 GBP-2.99Rating
Lindsell Train Ord1,265.92 GBP-2.62Rating
Scottish Mortgage Ord1,475.10 GBP-0.83Rating

About Author

Emma Simon

Emma Simon  is a financial journalist, specialising in investment and consumer issues, writing for Morningstar.co.uk