The Pre-Retiree
David Thompson
59 · Semi-retired small-business owner · Brisbane · investing 22 years
Fictional demonstration investor — example data, read-only.
David is five or six years from full retirement. Over the past decade he's deliberately tilted toward income and 'defensive' holdings — the big banks for their dividends, a high-yield fund, some bonds, infrastructure, property and a couple of steady names. Twelve holdings, all Australian, built for a comfortable, lower-risk income.
What David Thompson thought
“I've shifted into income and defensive holdings, so my portfolio should be well spread and lower-risk now.”
What David Thompson owns
12 holdings
Portfolio value $868,879| Holding | Weight |
|---|---|
| CBA | 14.9% |
| VHY | 10.4% |
| NAB | 10.1% |
| VAF | 9.8% |
| VAS | 8.8% |
| WBC | 8.7% |
| TCL | 8.3% |
| ANZ | 6.7% |
| VAP | 6.4% |
| MQG | 5.8% |
| WOW | 5.1% |
| TLS | 5.1% |
What David is really exposed to
50% of your portfolio moves with Interest rates.
You hold 12 investments, but you're really making about 2 big bets.
Your top 3 holdings are 35% of the portfolio.
The economic bets underneath
via CBA, VAF, NAB
via CBA, NAB, WBC
via VHY, VAS
via CBA, NAB, WBC
via VAS, VHY, CBA
0% of the portfolio is offshore.
On the surface, David's plan looks sensible: an income-oriented, all-Australian portfolio spread across twelve holdings, with no single position dominating.
But PortLens looks at what has to keep working for those holdings to hold their value. Income assets tend to share the same dependencies — the banks, the high-yield fund, the bonds, the property trust, the infrastructure name and the telco all tend to move with interest rates and with the health of the Australian banks.
So an apparently diversified income portfolio can lean on a narrower set of economic forces than the number of holdings suggests. That isn't automatically good or bad — it's simply worth seeing clearly, especially close to retirement when the order in which returns arrive matters more.
Explore the full app as David Thompson.
Step inside PortLens with David Thompson's portfolio loaded — the same dashboard, risk radar, valuation and macro tools a member uses. It's read-only, so you can look around freely.
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