Holidays you can afford with different-sized pension pots

Many people look forward to taking more holidays when they retire. But what sort of trips could your pension buy you? We look at the holidays to match different retirement.

Geiranger Fjord, Norway: A large pension pot could give you the funds to do a two-week all-inclusive cruise every year

(Image credit: Getty Images)

By Ruth Emery

Many pension savers look forward to retiring and having plenty of time to take holidays.

When you stop working, you can – in theory – go travelling whenever you like, no longer constrained by requesting annual leave from your employer.

However, holidays cost money, and the type of break and destination choice will depend on the size of your pension pot and any other income sources.

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So, what sort of holiday will your pension stretch to in retirement?

Pensions UK has attempted to answer this question by looking at the holidays that three different retirement lifestyles could afford, from UK city breaks and European week-long trips to cruises and all-inclusive holidays.

The industry body regularly calculates the annual income a pensioner needs to have to achieve a “minimum”, “moderate” or “comfortable” retirement.

Known as the Retirement Living Standards, they take into account food, clothing and leisure costs – including theatre trips and TV streaming packages – as well as transport and DIY expenses. They are designed to help prepare people for life after work.

Pensions UK has now detailed the kinds of holidays pensioners can enjoy each year, according to these three lifestyles.

Cali Sullivan at Pensions UK comments: “When people picture retirement, they often imagine relaxing in the sun, exploring new places, or simply taking a well-earned break from the everyday. But many worry about whether they can actually afford to get away.

“The good news? Retirement doesn’t have to mean giving up on travel. Whether you’re aiming for the minimum, moderate or comfortable level, there’s a budget for all retirement levels, meaning getting away is still very much on the cards.”

Minimum retirement

Single retiree: £13,400 annual income (£20,000 to £35,000 pension pot required)

Couple: £21,600 combined annual income (no pension pot required)

The figures above assume the retirees receive the full new state pension. This is worth £11,975 a year. So, if a couple both received this amount, they would get £23,950 in total.

This is more than enough to deliver the minimum standard of retirement, which costs £21,600 for a couple, according to Pensions UK.

In contrast, a single pensioner would need to find some extra income to deliver a minimum retirement lifestyle. The industry body estimates that a pension pot worth between £20,000 and £35,000 could buy an annuity to top up their income to £13,400.

Sullivan points out that about three-quarters of households are expected to achieve a minimum standard in retirement, and two-person households, who can share living and travel costs, are even more likely to do so. This is due to the generous state pension, and the fact many people are auto-enrolled into workplace pensions.

While it wouldn’t be possible to holiday abroad every year on a “minimum” budget, Sullivan says retirees can look forward to a welcome break each year – “a change of scenery is possible”.

She comments: “A week away in the UK is within the budgeted costs, with plenty of inviting destinations to choose from – whether it’s the coast of Devon, the hills of Yorkshire, the lochs and glens of Scotland, or the charm of Norfolk or Wales.”

Pensions UK says retirees could afford seven nights in a Norfolk caravan park with access to a swimming pool, entertainment and a range of paid activities. A generous £720 budget would be available during the trip for food, meals out and visiting attractions like a Sea Life Aquarium and National Trust properties.

Moderate retirement

Single retiree: £31,700 annual income (£330,000 to £490,000 pension pot required)

Couple: £43,900 combined annual income (£165,000 to £250,000 pension pot per person required)

There are more travel options open to retirees with a bit more flexibility in their budget. To achieve a “moderate” lifestyle, single retirees will need to save at least £330,000 in workplace or personal pensions (on top of the full state pension).

Couples will need pension pots worth at least £165,000 per person.

“Picture two weeks soaking up the sun in Tenerife, Mallorca, Turkey, Rhodes or Spain, all-inclusive. You can also look forward to a three-night city break in a UK gem like Bath, York, Glasgow, Manchester or Cambridge,” comments Sullivan.

“There’s no one-size-fits-all approach either. Some people prefer a couple of shorter trips. Others go for one big splash. Think of it as a ‘pick and mix’ retirement and tailor your holidays to suit your style, mood and budget.”

For example, you could spend a fortnight in an all-inclusive three-star Mallorca resort, costing £1,073 per person plus £200 spending money per person, as well as a three-night city break in Bath, costing £346 with £350 spending money.

Comfortable retirement

Single retiree: £43,900 annual income (£540,000 to £800,000 pension pot required)

Couple: £60,600 combined annual income (£300,000 to £460,000 pension pot per person required)

To achieve a comfortable standard of retirement, you’ll need big pension pots worth at least £540,000 for a single retiree, and £300,000 each if you’re in a couple.

“With a comfortable retirement income, you can expect more freedom to travel further afield and have a longer trip. You could set sail on a two-week cruise to the Mediterranean, or a 12-night all-inclusive cruise around the Norwegian Fjords,” suggests Sullivan.

For example, a 12-night all-inclusive P&O Norway and Iceland cruise costs £2,239 per person (cabin with sea view; including classic drinks package), and your budget could stretch to £900 per person in spending money on top.

Sullivan adds: “Prefer dry land? Lake Garda or a suite in Mallorca might be more your speed. Or if you are looking for variety, you could even split your time on the sea and land.”

As well as two weeks abroad, this level also includes some sightseeing weekends, with three long weekends in the UK included, such as to Bath, York or Cambridge.

How holidays can motivate you to save more for retirement

Most people are not saving enough for their retirement. Last month, the government revived the Pensions Commission to tackle the retirement savings crisis.

It warned that people retiring in 2050 are on track to be poorer than pensioners today, and said that 45% of working-age adults do not save into a pension.

According to Lisa Picardo, chief business officer at PensionBee, “framing retirement planning around lifestyle goals can be a powerful motivator to save”.

She tells MoneyWeek: “For many savers, retirement offers more time to tick new experiences off their bucket lists, and domestic breaks or trips overseas may be a key part of that.

“Thinking about the types of trips you want to take and the activities you want to pursue in later life can help make the idea of saving feel more tangible and rewarding. The earlier you start planning, the more flexibility and choice you will have when the time comes to enjoy the retirement you have worked hard for.”

According to Pensions UK, a couple looking to have enough financial flexibility to afford an annual two-week trip abroad in retirement would need a combined annual income of £43,900.

But, Sullivan says it’s important to note that retirees on smaller incomes can still relax and enjoy a holiday, even if it’s not overseas. And there are holidays to suit every budget.

“We know many people face tough choices due to rising costs, both before and during retirement,” she comments.

“By taking time now to understand your savings, making the most of employer contributions, and planning for the lifestyle you want, you can give yourself the best chance of enjoying the kind of retirement that suits you, complete with the trips, treats and freedom you have worked hard for.”

Here’s how investors can target a £15,882 yearly passive income from just £5 a day invested in this top FTSE dividend star!

Small but regular investments in this leading FTSE 100 financial stock can generate potentially life-changing passive dividend income over time!

Posted by Simon Watkins

Published 13 August

MNG

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

FTSE 100 insurance and asset management giant M&G (LSE: MNG) is one of my core passive income stocks. This is money made with minimal effort from me, most notably in my view from dividends paid by shares.

Many people wrongly believe they need a large capital sum to start making such returns.

In fact, they can generate life-changing passive income for as little as the price of a fancy cup of coffee.

The power of £5 invested daily over time

Specifically, £5 saved and invested each day (£150 a month) in M&G shares will make £9,178 in dividends after 10 years.

This calculation uses the stock’s current average 7.6% dividend yield, with dividends reinvested back into it. This is a standard investment practice called ‘dividend compounding’.

On the same twin basis, the dividends will increase to £154,822 after 30 years.I see this period as a standard investment cycle beginning at 20 and ending perhaps in early retirement at 50.

At that point, this £5 daily investment will have created an M&G holding worth £208,972 (with the monthly deposits included).

And on the same 7.6% dividend yield, this would generate an annual passive dividend income of £15,882! None of this is guaranteed of course and investors could get back much less.

What’s the dividend yield outlook?

A stock’s dividend yield moves in the opposite direction to its price. This is provided that the annual dividend does not change.

In M&G’s case, a recent surge in the share price has seen its dividend yield drop from around 10% to where it is now. This largely resulted from Japanese financial powerhouse Dai-ichi Life taking a 15% shareholding in M&G. It expects the partnership to deliver at least $6bn of new business flows over the next five years

A risk to the business is that the tie-up does not deliver the anticipated benefits.

However, consensus analysts’ forecasts are that M&G’s earnings will increase by a whopping 41% a year to end-2027. And it is ultimately growth here that powers any firm’s dividends and share price higher over time.

Indeed, analysts project that the firm’s dividends will increase to 20.6p this year, 21.3p next year, and 22p in 2027.

These would generate respective yields on the current £2.63 share price of 7.8%, 8.1%, and 8.4%.

Are further share price gains expected?

Price and value are not the same thing in stock market investment. The former is whatever the market will pay for a share at any given time. The latter is the true worth of the stock based on fundamentals for the underlying business.

Identifying mismatches between the two is the key to generating big, sustained profits over time, in my experience. And this comprises several years as a senior investment bank trader and decades as a private investor.

By far the best way of achieving this is through discounted cash flow modelling. This pinpoints where any firm’s share price should be, based on cash flow forecasts for the underlying business.

The DCF shows M&G shares are undervalued by 49% at their present price of £2.63.

Therefore, their fair value is £5.16.

Given this and its very high passive income potential, I will buy more of the stock as soon as possible.

The Snowball will only invest in IT’s/ETF’s.

GCP Infrastructure – Substantive progress

• 06 August 2025
• James Carthew

Substantive progress

Since interest rates began to rise to tackle inflation, GCP Infrastructure (GCP) has, like many similar investment companies, been afflicted by a wide share price discount to net asset value (NAV). The board and the investment adviser have been working to tackle this through a policy of capital recycling. This aims to free up £150m to materially reduce the drawn balance on the revolving credit facility (RCF), return at least £50m to shareholders, and rebalance the portfolio to improve its risk adjusted returns.

As we discuss in this report, share buybacks have stepped up a gear, the discount is narrowing, the RCF has been reduced to just £10m, and the portfolio’s sensitivity to electricity prices has been cut significantly.

There is more to do, but – perhaps attracted by the high dividend yield and improving outlook – investors appear to be waking up to GCP’s attractions once again.

Public-sector-backed, long-term cashflows

GCP aims to provide shareholders with sustained, long-term distributions and to preserve capital by generating exposure primarily to UK infrastructure debt or similar assets with predictable long-term cashflows.

Domicile	Jersey
Inception date	22 July 2010
Manager	Philip Kent
Market cap	657.4m
Shares outstanding (exc. treasury shares)	842.783m
Daily vol. (1-yr. avg.)	1.343m shares
Net gearing	1.2%

At a glance

Share price and discount

GCP’s discount has narrowed somewhat since helped by share buybacks and a capital recycling programme aimed at providing solid evidence of the validity of the NAV; improving the overall quality of the portfolio (in particular, reducing the sensitivity to power price fluctuations); and providing cash to both fund returns to investors and to reduce its floating rate debt. We believe that the discount ought to narrow further from here.

Performance over five years

Despite the many headwinds facing the company in recent years, GCP’s NAV total return has remained positive and has held up fairly well, relative to the return from sterling corporate bonds.

It is encouraging to see the impact of a narrower discount on GCP’s share price returns, but there is hopefully even more to come.

12 months ended	Share price total return (%)	NAV total return (%)	Earnings1 per share (pence)	Adjusted2 EPS (pence)	Dividend per share (pence)
30/09/2020	(2.0)	(0.2)	(0.08)	7.65	7.6
30/09/2021	(7.9)	7.2	7.08	7.90	7.0
30/09/2022	3.8	15.7	15.88	8.30	7.0
30/09/2023	(25.2)	3.6	3.50	8.58	7.0
30/09/2024	28.2	4.6	2.25	7.09	7.0

Source: Morningstar, Marten & Co. Note 1) EPS figures taken from 30 September each year. Note 2) Adjusted earnings per share removes the impact of unrealised movements in fair value through profit and loss

Company profile

Regular, sustainable, long-term income

GCP Infrastructure Investments Limited (GCP) is a Jersey-incorporated, closed-ended investment company whose shares are traded on the main market of the London Stock Exchange. GCP aims to generate a regular, sustainable, long-term income while preserving investors’ capital. The company’s income is derived from loaning money, predominantly at fixed rates, to entities which derive their revenue – or a substantial portion of it – from UK public-sector-backed cashflows. Wherever it can, it tries to secure an element of inflation protection.

In practice, GCP is diversified across a range of different infrastructure subsectors, although its focus has shifted more towards renewable energy infrastructure over the last few years. It has exposure to renewable energy projects (where revenue is partly subsidy and partly linked to sales of power), PFI/PPP-type assets (whose revenue is predominantly based on the availability of the asset), and specialist supported social housing (where local authorities are renting specially-adapted residential accommodation for tenants with special needs).

The board is targeting a full-year dividend of 7.0p per share for the financial year ended 30 September 2025. At the half-year mark, the trust was on track to achieve this, having declared dividends totalling 3.5p per share.

GCP had driven down the RCF balance to £41m by the end of March…

As we highlighted on the front page, GCP is working on a £150m capital cycling programme as part of its efforts to tackle its discount. Money freed up is being used to reduce GCP’s leverage. Drawings on the revolving credit facility (RCF) totalled £43m at end June 2025, down from £57m at end September 2024.

In its latest NAV announcement, GCP revealed that it had reached a settlement agreement in respect of the contractual claim relating to the accreditation of a portfolio of solar projects under the Renewables Obligation scheme (there was a question mark over whether some solar projects were eligible to receive government subsidies). This has been rumbling on for some time – we flagged it in our January 2021 note, for example.

…but with an influx of money from the settlement of a claim, GCP’s net debt is now just £10m

GCP had accrued an amount in the NAV for the anticipated settlement, and so this did not have much impact on the NAV. However, following receipt of the money, GCP’s net debt has fallen to about £10m, equivalent to gearing of just 1.2%.

GCP also intends to return at least £50m of capital to shareholders. We show its recent share buyback activity on page 12.

Market backdrop

Markets are predicting a cut in UK base rates in August, but persistent inflation and low/negative growth numbers are weighing on sentiment

UK economic growth numbers have been weak, with a fall in GDP reported for May, following on from another monthly contraction in April. In such an environment, the predictable income provided by GCP might seem all the more attractive.

The Bank of England cut its base rate to 4.25% in May 2025, but inflation figures have been coming in higher than expected, with UK CPI running at 3.6% and RPI (which is still used to inflate renewable energy subsidies) coming in at 4.4% in June. We could still see another interest rate cut in August, but until inflation is looking better-controlled, more aggressive rate-cutting seems unlikely.

10-year gilt yields, which arguably have a bigger influence on the rating of funds such as GCP than short-term rates, have been fairly flat this year. A number of commentators are concerned about levels of UK government debt, which may be influencing long-term bond yields.

Figure 1: UK 10-year gilt yield

Source: Bloomberg

Figure 2: Median premium/(discount) on AIC infrastructure sector

Source: Morningstar, Marten & Co

BBGI bid underscored the attractive valuations on offer in the infrastructure sector

As illustrated in Figure 2, discounts on infrastructure trusts have narrowed from lows. One catalyst for this was the bid for BBGI Global Infrastructure (a portfolio of equity stakes in PFI/PPP-type infrastructure projects) at a premium to its NAV. GCP still has about 27% of its portfolio exposed to debt funding for PPP/PFI projects.

Plenty for GCP to do if it returns to making investments, but the discount will be fixed first

Talk is growing that a cash-constrained UK government will take a fresh look at PFI-type structures to fund much-needed infrastructure investment in areas such as schools, hospitals, and prisons. This could open up new opportunities for GCP, were it to return to making new investments. The GCP board has been quite clear that it will not consider doing do so until the discount has narrowed to a point where returns on new investments are higher than the return on investing in the existing portfolio through buybacks.

While we wait for decisions on the way forward for PFI, GCP has highlighted the considerable opportunity in financing the transition to a world of net zero greenhouse gas emissions. The UK government’s latest auction round for CfD finance for renewables projects – AR7 – is underway. In this auction round, more capital has been allocated, and fixed-price energy deals are available at higher prices and for longer periods.

The government’s review into electricity markets decided against adopting zonal pricing for electricity. The decision has been welcomed by most investors in generation assets, but it does mean that additional investment will be needed in energy storage and in grid infrastructure, as much of the UK’s energy generation is not in the same parts of the country as energy demand.

Portfolio

As of 30 June 2025, there were 48 investments in GCP’s portfolio (down from 50 when we last published). The average annualised portfolio yield was 7.9% (up from 7.8%), and the portfolio had a weighted average life of 11 years.

If you were trading TR this year, despite having to sit thru a retrace, you still haven’t added a bean to your retirement pot.

FACT

You have added to your retirement pot in only one of the last 4 years, even though this has been a bull market.

Not Naval gazing, that’s a totally different topic for boys and girls.

At 207%, the Warren Buffett indicator says the stock market could crash!

Zaven Boyrazian, CFA

Sun, 10 Aug 2025

Billionaire investor Warren Buffett has shared a lot of wisdom throughout his successful career. However, one gem to come off his desk is the Buffett Indicator – a simple comparison of the US stock market’s total value divided by US GDP.

As Buffett puts it, the indicator is “probably the best single measure of where valuations stand at any given moment”. And for value investors, knowing when the stock market is overpriced is a powerful advantage, even when relying only on index funds.

However, looking at the Buffett Indicator today might cause some concern.

US stocks are expensive

Historically, his Indicator has sat between 90% and 135%. This healthy range generally indicates that US stocks are fairly-to-slightly overvalued and presents an ideal window of opportunity to top up on investments. But following the tremendous artificial intelligence (AI)-driven returns of 2023 and 2024, the indicator’s been rising. So much so that it now sits at a whopping 207%!

That’s the highest it’s ever been since records began in the 1970s. And it’s even higher than the 194% peak seen in late 2021, right before US stocks experienced one of the most severe market corrections seen in over a decade.

That would certainly explain why Buffett and his team at investment vehicle Berkshire Hathaway have been busy selling stocks lately. In fact, the firm just marked its 11th consecutive quarter of being a net seller, with positions such as Bank of America, Citigroup, and Capital One all getting trimmed, or outright sold off.

So could another stock market downturn be just around the corner?

Panic isn’t a strategy

The stretched valuation of US stocks definitely creates cause for concern. However, there’s no guarantee a crash or correction will actually materialise. Therefore, panic selling everything today likely isn’t a sensible strategy, and it’s why Buffett, despite higher selling activity, still has plenty of capital invested in the US stock market.

Dividends can be more reliable than share prices as they’re driven by
the companies performance itself and not by the whim of investors.

As part of a total return / reinvestment strategy, this income could be
reinvested into income assets or back into the equity market
depending on the relative valuations.

The emotional benefits of dividend re-investment, in fact, with this investment strategy you can actually welcome falling share prices.

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Howdy are using WordPress for your site platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any coding expertise to make your own blog? Any help would be really appreciated!

Yes and No.

By Emmy Hawker

Senior reporter, Trustnet

Some 88 investment trusts are paying interest-rate busting dividends, according to research by Trustnet, potentially offering a haven for income-needy savers who are unsure where to put their cash.

Last week the Bank of England cut rates from 4.25% to 4%, a move unlikely to be well received by savers, as it should bring bank and building society savings rates down with it.

This may encourage more people to look to invest their cash, with some investment trusts offering significantly higher yields than the current base rate.

These could be ideal for more adventurous savers during this period of lower rates and higher inflation, and can offer more consistent income than funds thanks to their ability to retain up to 15% of income generated each year in reserve.

Investment trusts in the IT Renewable Energy Infrastructure sector have the highest average yield at 6.7%, closely followed by IT Asia Pacific Equity Income and IT Debt – Structured Finance.

Source: FE Analytics

But which investment trusts across these sectors offer the highest yield? Below we look at the top-yielding trusts from the highest-paying sectors.

Coming in top of the table is Aquila Energy Efficiency Trust, which offers an 18.4% yield.

The £26.6m trust was launched in 2021 and aims to generate returns – principally in the form of income distributions – by investing in a diversified portfolio of energy efficiency investments.  

While the dividend may be enticing, investors should note that a higher yield can signify higher risk. For example, this trust has disappointed against its sector from a total return basis, languishing in the fourth quartile across three months, six months, one year and three years.

The trust’s shares trade at a 37.6% discount to the net asset value (NAV).

In second place is another renewable energy specialist, NextEnergy Solar Fund Limited Trust, with the £435m trust’s dividends representing an 11.2% yield.

Also trading at a discount (28.8% to NAV), the growth-focused trust was launched in 2014 and has an over 80% weighting in the UK, 12.4% in Europe ex UK and 3.5% in international.

It has managed a top-quartile performance over three-, five- and 10-years, delivering a 46.5% total return over a decade. However, it has struggled in the past year, managing a 1.4% return compared to its sector average of 5.9%.

Turning to equities, Henderson Far East Income in the IT Asia Pacific Equity Income sector has the highest payout, with a 10.9% yield.

Managed by Sat Duhra since 2019, the £417m trust is heavily weighted to financials but has some 15% in technology names – unusual for an income portfolio.

While there are concerns hanging over the region, such as global trade relations souring between the US and China, there are bright spots, according to the manager.

“The outlook for dividends in the region remains robust as positive free cashflow generation alongside the strength of balance sheets – with record cash being held by corporates – provides a strong backdrop across a number of sectors and markets across the region,” he said in the trust’s latest factsheet.

Despite the manager’s optimism, the trust has failed to perform in recent years, languishing as the worst trust in the sector over one-, three-, five- and 10-years.

By contrast, the £772.4m Invesco Asia Dragon Trust has outperformed its sector across one-, three-, five- and 10-years – delivering 188.2% total return over the decade. It offers a slightly lower yield of 5.3% but still beats the Bank’s base rate.

Managed by Ian Hargreaves since 2011 and Fiona Yang since 2022, it aims to grow its NAV in excess of its benchmark index, the MSCI AC Asia ex Japan index. The trust is at a 6.1% discount to NAV.

There were three UK trusts on the list, with Merchants Trust the pick of the trio, sitting in the top quartile of the IA UK Equity Income sector over five and 10 years. It has struggled more recently, however, sat in the bottom quartile over more recent timeframes.

It offers investors a 5.3% dividend yield.

By contrast, the £176.8m Aberdeen Equity Income Trust, which is offering a 6.3% yield, has been on a strong run over the past one-, three- and five-years, but struggled over the decade.

Managed by Thomas Moore, it aims to provide shareholders with an above average income from their equity investment while providing real growth in capital and income. Top holdings include British American Tobacco, HSBC and BP.

Chelverton UK Dividend Trust is the highest-yielding of the trio at 9% but has failed to beat its average peer over one, three, five and 10 years, as well as over shorter time periods.

Your Snowball should be different to the blogs, generally the longer you have to retirement, you can take a higher risk as you have longer to correct any clunkers.

Thursday 14 August

Alternative Income REIT PLC ex-dividend date
Aquila European Renewables PLC ex-dividend date
Assura PLC ex-dividend date
Baillie Gifford UK Growth Trust PLC ex-dividend date
Bellevue Healthcare Trust PLC ex-dividend date
BlackRock American Income Trust PLC ex-dividend date
BlackRock Throgmorton Trust PLC ex-dividend date
EJF Investments Ltd ex-dividend date
Fair Oaks Income Ltd ex-dividend date
Greencoat Renewables PLC ex-dividend date
Greencoat UK Wind PLC ex-dividend date
ICG Enterprise Trust PLC ex-dividend date
Impax Environmental Markets PLC ex-dividend date
International Public Partnerships Ltd ex-dividend date
Invesco Global Equity Income Trust PLC dividend payment date
Majedie Investments PLC ex-dividend date
Murray Income Trust PLC ex-dividend date
NextEnergy Solar Fund Ltd ex-dividend date
Octopus Renewables Infrastructure Trust PLC ex-dividend date
Pershing Square Holdings Ltd ex-dividend date
PRS REIT PLC ex-dividend date
Schroder Real Estate Investment Trust Ltd ex-dividend date
Scottish American Investment Co PLC ex-dividend date
Starwood European Real Estate Finance Ltd ex-dividend date
Target Healthcare REIT PLC ex-dividend date
The Renewables Infrastructure Group Ltd ex-dividend date
Tritax Big Box REIT PLC ex-dividend date

“Bull Or Bear,

I Don’t Care”

These 5 “recession-resistant” dividends are set

to deliver 15%+ total returns for years to come

no matter what the market does next.

---

Hi, I’m Brett Owens.

I’m the Chief Investment Strategist at Contrarian Outlook.

Today I’m going to reveal a simple strategy that could triple many investors’ dividend income in just a few years—without making any high-risk, highly speculative investments you can’t tell your spouse about.

I call it the “Recession-Resistant Retirement Plan.”

Now you might believe that to double or triple your dividend income, you would need to find the next Amazon, Facebook or Google and get in at ground zero.

However, this just isn’t true.

In fact, as you’re about to see, investors who endlessly chase these unicorns tend to lose a lot of money—and lose it fast.

The truth is, these breakthrough companies are one in a million, and trying to fund your retirement with them is the fast track to the poor house.

The same goes with the latest cryptocurrencies (which, although they’ve soared recently, have a long history of cratering overnight), penny stocks, profitless tech startups and every other overhyped stock you hear the so-called gurus telling you to “buy, buy, buy!”

Personally, I don’t see why you would want to gamble on your future.

Especially when there are safe, secure stocks that are nicely positioned to return 15% per year on an annualized basis in the long run, no matter what direction the market goes.

It’s stocks like these that I specialize in finding.

And today I’m going to share my exact process with you. Then I’m going to give you …

5 Recession-Resistant Stocks Set to

Deliver 12% to 20% Returns Per Year

In Both Bull and Bear Markets

But first, let’s get one thing straight.

Do you agree, if you were looking for the perfect retirement portfolio it would:

• Pay real, spendable income – not just paper gains.
• Be built on safe, secure stocks that are much less volatile than the typical stock.
• Continue paying—even if the market crashes.
• Be cash-flow rich, free from major debt and profitable.
• Pay a generous—and ever-growing—dividend.
• Keep growing revenues year after year after year.
• Be safe from new competitors.

And most important of all …

Do you agree that your recession-resistant retirement portfolio would be built on the undervalued, overlooked and often-ignored stocks other investors miss? The stocks you can buy for pennies on the dollar and watch soar over time?

As I said, I specialize in uncovering these contrarian stocks …

• The plays an intelligent, income-focused investor could use to double or triple their wealth every few years.
• The investments that are designed to protect against wild market swings so you can enjoy a stress-free, secure retirement.
• The stocks that can be held for years without the “can’t-sleep-at-night” worries.

So, if you’re retired or you’re looking to retire soon, this may be the most important investment advice you ever read.

Bold claim, I know.

But please bear with me for just a couple minutes …

Because I’m going to show you, step-by-step, how to find the stocks best positioned to deliver double-digit annualized returns—through boom, bust, inflation, deflation, you name it

Better yet, I’m going to show you how to do this without making any highly speculative, high-risk bets. Everything you’ll discover is focused on buying reliable stocks with rock-solid fundamentals, strong cash flow and terrific long-term prospects.

So while other investors lose their shirts chasing the latest unicorn …

You could be quietly doubling—even tripling—your retirement income by investing in what I call the “Hidden Yields.”

In just a moment, I’ll tell you how to build a recession-resistant retirement plan with these Hidden Yield stocks, and I’ll tell you about 5 specific names to buy now.

But first, let me tell you a little bit more about myself …

Today I’m writing to you from sunny Sacramento, where the tech industry is still growing, thanks to massive investments in AI. But tech execs are also growing more worried about the trade war, and what it might mean for the vast amounts of revenue they pull in from outside the US.

You may have seen me on CNBC, Yahoo Finance or NASDAQ, where I’ve been called on to share my methodology for collecting consistent, predictable and reliable retirement income without making any wild, speculative bets that keep you up at night.

You see, I take a strategically contrarian approach to the markets.

And for the past several years, I’ve helped thousands of readers fund their retirement thanks to what I call “Hidden Yield stocks.”

For example:

82% on Progressive Corp. in Just Under 3 years

22% on Microsoft in just 3 months

83% on Synnex Corp. in 24 Months

148% on Texas Instruments in just over 4 years

Now, I know these aren’t the huge 500% … 1,000% … or 5,000% overnight gains you hear other gurus CLAIMING they can get you.

But—as you’ll see in just a moment—outrageous claims like these are nothing more than overhyped promises designed to separate YOU from your money.

And to be clear, not all recommendations play out as well as the four examples above. Investing in the stock market is inherently risky, and some recommendations have lost money.

So we level-headed contrarians don’t chase unicorns.

We don’t listen to smiling swindlers.

We don’t put our family’s futures in jeopardy.

Instead, my readers and I focus on …

Doubling Our Money Every 5 Years with

15% Total Returns Per Year on Little-Known

“Hidden Yield Stocks”

However, this is just one small part of what I do.