Investor Views: "Why I’m Keeping my Money with Woodford"

Retired investor Michael Abbotts has seen decent returns from his portfolio of equity income funds

Emma Simon 27 September, 2017 | 3:54PM
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Retired investor Michael Abbotts says his portfolio of equity income funds has provided a vital lifeline for him and his wife.

Abbots retired from the ship-building and ship maintenance sector in 1996 when he was in his early 50s. At this age, he was still 10 years off receiving his company pension, and fifteen years away from being eligible for the State Pension.

“Investing for income became quite important,” he explained. “The investment landscape was very different then; it was possible to get a decent income from high-interest savings accounts. But we started taking investment more seriously, we could see this was the most effective way of providing an income.”

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Invesco UK Eq High Inc UK Z Acc275.67 GBP-1.83Rating
Jupiter Distribution and Growth L Inc106.34 GBP-1.65Rating
Jupiter European L Inc3,212.43 GBP-0.83Rating
Jupiter Income Trust I Acc744.85 GBP-2.76Rating
LF Equity Income C Sterling Acc3.43 GBP0.00

About Author

Emma Simon

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