My Woodford Investment Won't Stop Me Achieving Financial Independence

Private investor Andrew Vernon was hoping to retire within 10 years but an investment in the Woodford Patient Capital Trust has weighed on his portfolio

Emma Simon 23 October, 2019 | 10:05AM

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Andrew Vernon is backing investment trusts in his quest to achieve financial independence within 10 years, but the private investor has suffered a major setback.

As well as holding Fundsmith Emerging Equities Trust (FEET) and Odyssean Investment Trust (OIT), 43-year-old Andrew also has money in Woodford Patient Capital Trust (WPCT). The latter has recently seen its share price plunge after its manager Neil Woodford was sacked by the Board from running the trust.

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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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