On The Money
Shares, funds and investment trusts for £10,000 income in 2024
Feb 15, 2024
In this podcast, Kyle and Lee discuss three hypothetical portfolios to generate £10,000 income in 2024, including shares, funds, and investment trusts. They analyze the performance of various stocks and funds, discuss investment strategy and choices, and highlight the importance of diversification and risk management in income investing.
32:25
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Quick takeaways
- The fund portfolio in 2023 achieved the income target of £10,000 by investing in 12 funds, with a total return of 6.9%.
- The investment trust portfolio outperformed the fund portfolio in terms of income generated, achieving the income objective of £10,000 and yielding a total income of £11,178 in 2023.
Deep dives
Fund Portfolio in 2023
In 2023, the fund portfolio aimed to deliver £10,000 of annual income by investing in 12 funds. The portfolio yielded 4.55%, achieving the income target of £10,139. The overall total return of the portfolio was 6.9%. Some of the funds performed well, beating their sector averages, while others experienced losses due to rising interest rates impacting higher-risk income alternatives like infrastructure.
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