📈 Turning investments into income | 30 years in the City | Investment Trusts • SIPPs • Pensions • Property | Opinions, not advice! 🐯
South East, England
Joined July 2009
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📈 How do I actually structure my SIPP ? This is a question I am often asked.
Most investors build their portfolios by accumulating names they like, names they believe in. I build mine with pillars, each with a specific job in mind.
💎Pillar 1 - Growth & Income - Core holdings
(#JGGI, #IGET, #MYI, #JEGI, #JAGI #JCGI- the first three don't overlap too much - this is important)
This is the engine room. Four global/regional trusts doing double duty: capital growth AND a rising income stream, without me having to pick individual winners.
JGGI/IGET/MYI gives me global growth exposure with a quarterly payout funded partly from capital, a structure I'm comfortable with because the total return has been consistently strong.
JEGI and JAGI extend that same growth-and-income discipline into Europe and Asia, so I'm not just US/UK concentrated. This layer is the ballast: diversified, professionally managed, income-generating, and it lets me sleep at night even when markets are choppy.
💎Pillar 2 - Private credit, infrastructure & real estate
This is where the reliable cash comes from. Private credit trusts (#MGCI, #TFIF, #NCYF, #GCP, #BIPS #RECI and #CVCG) capture the illiquidity premium banks used to earn, steady coupon-like income, less correlated to equity markets.
Infrastructure trusts (regulated assets, long-dated contracted cash flows) #FGEN, #INPP, #HICL and #UKW add inflation-linked, defensive income.
Real estate names think healthcare property, supported living, logistics-adjacent, bring rental-style income with asset backing. None of this is exciting. That's the point. It's the layer that keeps paying whether or not the market is having a good year. #PHP #SUPR #DLN #GRI #BBOX
💎Pillar 3 - Recovery & growth stocks (30-40%)
Only once the income base is doing its job do I let myself add the higher-conviction, higher-volatility sleeve, undervalued recoveries and growth names with real upside optionality. This is where I take swings, but it's sized deliberately small relative to the base, because if it goes wrong it shouldn't dent the income machine underneath.
Why layer it this way?
Because for me, with ten year away from retiring early, income investing isn't about chasing the highest yield, it's about sequencing risk. Core income first, diversifying income second, speculative growth last, and always sized so the top layer can't sink the foundation.
Of course the weighting of each of these pillars moves in line with cycles ... when market dips I tend to sell some of my safer assets in order to grab the opportunities out there.
Everyone has a different investment philosophy and there is no right or wrong - enjoy the ride 🤩
🤖 Made with AI
Sold #DLN at around 15% gain including dividends and redeployed into Brazil too! 🫣
🏢 I’ve put some recent sale gains to work today by adding Derwent to my SIPP. #DLN Its dividend yield is just below 5% and it is covered by a ratio of 1.2X.
"Derwent's valuation is, in a word, surprising. Best-in-class London office property is highly sought after and the market is incredibly tight. This is clear from the company's recent leasing activity."
moneyweek.com/investments/in…
And finally followed @Ronmarkets and stepped into #IGG at £9.50 share!
🇬🇧 Next set of job cuts is coming from #IGG!
"The company refused to comment on the details of its plans, but sources said that its 2,300-strong headcount at the end of June would be cut by a significant number."
#AMC £1.87 🤔
hl.co.uk/news/airtel-money-s…
🇧🇷 I've pounced on Brazil - Wish me luck! #IBZL
Quick snapshot on some of its holdings which I like:
💳 NU Holding:
This is the genuine growth engine in the portfolio. I wouldn't buy it for income, but for long-term growth. That's quite different from most of the other top holdings.
🏦 Itaú Unibanco:
Probably my favourite all-rounder here: profitable banking franchise, growth plus dividends, rather than being dependent on iron ore or oil.
⛏️ Vale:
Very cash-generative and capable of excellent dividends, but profits depend heavily on iron-ore prices and China. Vale distributed R$32.5bn in H1 2026.
🛢️ Petrobras:
Exceptionally profitable and potentially huge income. First-half 2026 net profit was around R$85.1bn. The reason I wouldn't give it 5 stars is the political/government-control risk and exposure to oil prices.
🍻 Ambev:
Less exciting, but financially very sound. I see this more as a quality + dividend company than a high-growth company. It announced roughly R$11.5bn of dividends in the late-2025 distribution wave.
Who else bought it this morning ?
JW 🇬🇧 retweeted
Elon Musk Just Warned About an AI Financing Crunch. Here's Which Neocloud Stocks Have the Most Debt.
$SPCX: 0.22x - 🟢 Healthy
$WYFI: 0.95x - 🟢 Healthy
$NBIS: 0.97x - 🟢 Healthy
$MARA: 1.47x - 🟡 Moderate Risk
$IREN: 1.87x - 🟡 Moderate Risk
$APLD: 4.03x - 🔴 High Risk
$HUT: 4.58x - 🔴 High Risk
$CIFR: 9.43x - 🔴 Very High Risk
$CRWV: 10.27x - 🔴 Very High Risk
$WULF: 35.84x - 🔴 Extreme Risk
With credit markets tightening, balance sheets matter more than ever.
High debt doesn’t automatically mean bankruptcy, but companies relying heavily on borrowing could struggle to finance future growth.
SK Hynix plans to return about 80% of the gains from selling down its stake in Japan’s Kioxia to shareholders through a special dividend of about $12 billion, according to a report bloomberg.com/news/articles/…
JW 🇬🇧 retweeted
#BLND British Land, overview of the news that came out Friday that they have halted the next phase of Canada Water.
Second major London development setback in a week as construction costs and weak sales hit viability constructionenquirer.com/202…
Now this explains a lot! $NFLX 📉 We've moved over to @paramountplus
Netflix users are watching the streaming service less than they once did, the latest sign of engagement woes for the world’s most valuable entertainment company, according to people familiar with the matter. Read more: bloom.bg/48eqk1N
📷: Mario Tama/Getty Images
JW 🇬🇧 retweeted
🚨 "Indians don't engage in vandalism, or go to the streets to create disturbance to the society like we are seeing in other parts of Europe.”
- Minister Piyush Goyal.
👵👴 If Miriam had actually spoken to retirees, she might have understood just how important it is for pensioners to have enough money not merely to survive, but to live!
Having a little disposable income allows people to get out, stay active, socialise and remain connected to their communities. That helps keep them mentally and physically healthier for longer, potentially reducing the burden on health and social care.
Allowing pensioners on a basic income of around £13,000 to keep a little more of their money isn't a handout. It's an investment that can benefit us all!
Why should a pensioner on a £13K income be exempt from income tax when a person of working age is not? Those of working age do not receive free travel or all sorts of other discounts to which pensioners are entitled. We do not exempt people from tax based on how many dependents they have, or how much housing in their area costs, so why exempt individuals based on age?
JW 🇬🇧 retweeted
JUST IN: Korean retail investors poured $3.5 billion into the 3x chip ETF $SOXL in just three weeks
$PLTR is undoubtedly one of the best companies out there in the AI tech space!
I think people underestimate how rare $PLTR growth and profitability are with its Rule of 40 score projected to stay above 100 through 2030.
The beauty is that as customers expand AIP across more of their operations that allows Palantir to grow revenue faster than costs while continuing to expand margins.
And while ~75x EBITDA looks expensive today that same valuation falls to ~15x by 2030 which is exactly why I kept saying during Palantir's pullback earlier this year that looking at today's multiple alone misses the bigger picture.
