Inherited portfolio-too much duplication?

ColdIron

dutchism1958 wrote: »

income generation is my main priority

Earlier you said

dutchism1958 wrote: »

looking to make our investments work for us through the reinvesting of income generated from our investments.
Thanks G.

Are you looking for actual income (to pay the bills) or just total return regardless of how it's generated?

dutchism1958

Thanks Coldiron,
Sorry for confusion.

We don't need income to pay the bills. It is the total return regardless of how it is generated.
thanks.

ColdIron

I'd scratch most of the thinking behind my earlier post then (the one that began with 'If this were my income portfolio ...') as the assumptions are unsound

dutchism1958

It is an income portfolio so the same still stands(sorry Coldiron,i am sorting out so many things at the moment)I have used bad wording,it is an income portfolio we want to develop,as before,but we don't need the income to pay bills.
hope this clarifies

Eco_Miser

dutchism1958 wrote: »

It is an income portfolio so the same still stands(sorry Coldiron,i am sorting out so many things at the moment)I have used bad wording,it is an income portfolio we want to develop,as before,but we don't need the income to pay bills.
hope this clarifies

So you are wanting to take an income to pay for luxuries, or at least boost discretionary spending?

dutchism1958

A bit of both Eco Miser,but more on the luxuries in life.
Thank You

Eco_Miser

Some people prefer to take the natural income from a high yielding portfolio, everything's automatic and no action required (except perhaps re-balancing occasionally); others prefer to have a growth portfolio and sell as required to provide the income; or a blend of the two may provide a higher total return.
It's your choice.

dutchism1958

thanks Eco Miser,I think I fall in between both....mainly a higher yielding portfolio with some growth

bigadaj

Selling some capital every year means that you can utilise the cgt allowance which is a useful tax free bonus for many.

Eco_Miser

bigadaj wrote: »

Selling some capital every year means that you can utilise the cgt allowance which is a useful tax free bonus for many.

Yes, but only if you have unwrapped investments.
Which applies to the OP of course, but in their position I'd be using the CGT allowance to bed and ISA part of the unwrapped portion.