alternative income streams

[Deleted User]

A lot of people are struggling to find any form of income stream which will give a yield above that of inflation

This is what I have done during the past week. I have to add that I am responsible for my dh`s sipp and that he will be 65 in 2012

I took on the sipp three years ago after `sacking` our financial advisor and to date the sipp is doing well

Last week I sold all his gilts after they made a big profit, they were all about 2 years old and have put a good stream of cash into the sipp. Together with the profit they made about 25% over the time he had them.

I have been buying a variety of pibs. You need to google if you don`t know anything about them and collins stewart has a complete list. As always the eggs are in several different baskets. I also bought cooperative bank preference shares and invested in an etf with the epic IUKD. This does not attract stamp duty and will give a dividend 4 times a year, current yield is approx 11%

These pibs, etf and prefs are in addition to the 22 quality stocks in there, all providing a good stream of cash over time and most importantly, a good diversified portfolio

Reaper

That all sounds very sensible. You can't speculate too much as presumably you will be drawing on the pension fairly soon.

In particular well done on selling the gilts. Anybody buying gilts now must be crazy, I think everybody must be buying them for the short term but quite who they think is going to buy them off them in the medium/long term I can't imagine.

I was about to set up a SIPP and to some extent I'll do similar athough I'll be going for shares (or more likely funds) too as I'm not close to retirement age.