TRUSTNET
magazine
EDITOR’S LETTER
Issue 9/ July 2015
HOW TO MAXIMISE
YOUR PENSION POT
Auto-topsy
Dissecting the
auto-enrolment
programme
Collecting
coins
How to make money
from your hobbies
Putting it all
on black
Should you put your entire
pension in one fund?
ISSUE 9
CREDITS
TRUSTNET MAGAZINE (FORMERLY
INVESTAZINE) IS PUBLISHED BY
THE TEAM BEHIND FE TRUSTNET IN
SOHO, LONDON.
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Anthony Luzio
Editor
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Editorial
Gary Jackson
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Alex Paget
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Photoshot
Cover Illustration: Javier Otero
T
here is said to be a fine line between genius and
stupidity, and nowhere is this more apparent
than in investing, where the most spectacular
rewards are available to those who take on the
biggest risks.
One person who is hovering dangerously close to
this line is “John”, a 28-year-old marketing manager
for a financial services firm. John has decided to put his entire pension
into JPM Natural Resources, a fund that has made double-digit losses
in every one of the past four calendar years and is down 62.65 per cent
since the start of 2011. His reasoning is that he isn’t saving enough for
his pension, so he needs to take on more risk in order to retire with a
reasonable standard of living. Turn to page 4 to read what side of the
line the experts think he falls on.
In the unlikely event you think John might be on to something, I
would strongly advise turning to page 6 to read Adam Lewis’s article
about how to put together a more conventional portfolio for the
growth stage of your pension.
Taking on too much risk is not the only thing that can go wrong
with your pension – taking on too little risk in the early stages can be
just as harmful, which is something many of the funds offered as part
of the government’s auto-enrolment scheme have been accused of.
Phil Scott takes a closer look at this problem on page 2.
Elsewhere in this issue, Pádraig Floyd looks at whether it is possible
to make money from hobbies, including pastimes such as collecting
coins, fine wine and – at the risk of jokes about watching your money
go up in smoke – cigars.
Trustnet Magazine will be taking a break for August, but we will be
back in September. Enjoy your summer.
Anthony Luzio
Editor
Trustnet Magazine
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