The important thing here is to split your investments up to be diversified. It's no use buying 2 funds only to find that they both invest in the same stocks.JNC3 wrote:Would it be safer to use a basket of investment trusts such as Gadge Global income portfolio, Luni's B7 or B8 or John Barons income portfolio to produce the income instead of City of London IT on its own?BreakoutBoy wrote:
City of London IT CTY.
JNC
Gadge's was deliberately set up so the ITs in it invested in different areas, and some were bond trusts which I think is more important when you're looking for a steadier income.
All that said, I would also be putting more into vanguard funds, particularly the lifestrategy ones that progressively split equity/bond percentages.