“My Investments Will Allow Me to Retire at 50”

Investor Views: Private investor Michael Passco explains why he has switched to investment trusts, including those focused on Russia, China and Latin America

Emma Simon 24 July, 2019 | 10:15AM

Russia

Despite still being in his 40s, Michael Passco is planning to retire next year. One of the main invstment goals for the 49-year-old, who works in IT, has always been to retire early and gain financial independence — and his portfolio of investment trusts and ETFs is helping him do just this.

Michael has been investing for 23 years, although he started his pension even earlier. He says: “It’s hard to recall exactly what got me started, but I remember early on being persuaded by literature from Templeton Emerging Markets (TEMIT) about why emerging markets looked attractive." To this day, his portfolio is still heavily skewed towards emerging markets and Asia.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BlackRock Latin American Ord302.50 GBX-2.10
Capital Gearing Ord4,410.00 GBX-1.12
Fidelity China Special Ord368.50 GBX-0.81
JPMorgan Russian Securities Ord545.00 GBX-0.37

About Author

Emma Simon

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

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