50th episode special: tips and lessons from one of our listeners

To mark our 50th episode, Kyle is joined by one of our listeners, David Caney. He reflects on the lessons he has learnt over the years as a DIY Investor, explains how he is positioning his portfolio ahead of retirement, and runs through why he prefers investment trusts over funds.Among the investment trusts David mentioned he invests in are: Scottish American, Henderson International, Gore Street Energy, abrdn Diversified Income and Growth, Henderson Diversified Income, JPMorgan Global Growth & Income, Mercantile, Murray International, Schroders Oriental, International Public Partnership and Hipgnosis Songs Fund.On The Money is an interactive investor (ii) podcast. For more investment news and ideas, visit www.ii.co.uk/stock-market-news.Kyle Caldwell is Collectives Editor at interactive investor.Important information:This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. Past performance is not a guide to future performance. The investments referred to may not be suitable for all investors, and if in doubt, you should seek advice from a qualified investment adviser. SIPPs are aimed at people happy to make their own investment decisions. Investment value can go up or down and you could get back less than you invest. You can normally only access the money from age 55 (57 from 2028). We recommend seeking advice from a suitably qualified financial adviser before making any decisions. Pension and tax rules depend on your circumstances and may change in future. If you are in any doubt about the suitability of a Stocks & Shares ISA, you should seek independent financial advice. The tax treatment of this product depends on your individual circumstances and may change in future. If you are uncertain about the tax treatment of these products, you should contact HMRC or seek independent tax advice. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.