I was asked the other day whether my job was essentially to be a paid gambler of another person’s money! It’s an uncomfortable question but one that deserved some thought.
In this interview, we talk to Lynz Crichton, who is a contemporary folk musician recently releasing an EP “Acquittal”. Lynz manages her music after leaving her job as Head of Modern Foreign Languages at a Secondary School. We caught up with Lynz to talk about, money, music and careers to understand how she has approached this.
Just two years’ ago the Conservatives secured a surprise election majority. At the time, the UK was broadly on the same path as the US with an expectation of interest rates rising, economic growth and political stability. But all of that has coming crashing down; we are leaving the EU, Cameron is gone and the Conservatives are on life support hounded by Robin Hood (the hero of the people)!
These are notes from an investment conference held by Invesco in June 2017. The conference focused on four investment strategies. These notes are a reflection of what the managers said, and do not necessarily reflect our views or a recommendation to use these strategies. If you are considering investing in these strategies then separate research would need to be carried out.
We recently attended an investment conference hosted by BlackRock. The conference covered an overview of the markets and then specific views from managers and their regions/sectors. The views contained in this note are the views of BlackRock and do not necessarily reflect our own views.
We recently attended an investment conference hosted by Schroders. The conference covered an overview of the markets and specific views from regional managers. The views contained in this note are those of Schroders and do not necessarily reflect our own views.
Despite what some might want to tell us, it is fair to say in this election there were no winners. The two biggest parties saw their share of votes increase significantly; the last time we saw this level of dominance was in the seventies.
There is something comforting about cash; we know if we have £100 in the bank and we don’t spend it, we will still have £100. Whereas, if we put £100 into the stock market we must accept that it could go down as well as up; although a loss is only a loss if we “cash” the investment in, it stills feels uncomfortable when we see money go down in value.
When markets are rising, there is a danger that we think (or secretly hope) that they will keep going up. The reality is that at some point stock markets will go down; we just don’t know when, by how much and how quickly they will recover (because what goes down will usually come back up).
There is no doubt that over the last 20 years, buy-to-let property has been a good investment. Landlords have not only benefited from an increase in house prices but rising rents; the average house price in the 1990s was around £45,000, today that figure is close to £250,000. At the same time however, rental yields have moved from 12% of the property value to about 4.5%. It is clear to see how people investing 20 years ago did well.
Recently I have been writing about what is important to us, and how we can create achievable goals. There are many risks in life; when we get into the car and drive this could be risky; when we own a house there are risks that things can go wrong. Of course, if we have a mortgage we are expected to have buildings and contents insurance, and if we have a car we must have insurance.
It would be unusual not to have some market uncertainty; recent research in the US showed that 37.9% of investors and 63.1% of market professionals were bullish about stock market prices. This is comforting because there is such a divergence of opinion; we would be more concerned if everyone thought the same.
In February, we attended an Investment Conference hosted by Liontrust Investment Managers. The speakers covered a variety of topics; in this brief, we want to highlight some of the key discussion points.....
When I started working my godfather offered some advice; “save as much money as you can”. I took his advice and over a few years invested in several ten-year investment plans. As time moved on the amount of money I had grew, and it became central to everything I did. By the time the dot.com frenzy took hold I was looking at ways of making more money....
Having spent some time with European Fund Managers there is the inevitable discussion about European politics and the risks for investors. There are four key events facing Europe this year:
2015 saw radical changes to the way pension benefits could be paid in retirement; suddenly it seemed everything was much simpler. I still remember the headlines the next day about using the pension fund to buy that yacht or sports car you had always dreamed about.
It’s easy to be focused on the present – BREXIT, Trump, China et al – and yet by doing so we can miss things that directly impact our future well-being. Perhaps we don’t want to consider the future but in doing so we seem to be missing one of the biggest financial crises to hit us for decades; BREXIT, Trump and others will pass but this has implications for us for many years to come.
2016 was a year of surprises with events in the UK, US and Italy likely to shape our lives for many years to come. At the same time, we could easily have added Austria; the significance of which shouldn’t be underestimated. In the end the electorate overwhelmingly decided not to appoint its first fascist president since World War II; this may provide some indication as to how elections in France, Germany and Holland might eventually play out.
Writing a year-end review of 2016 could focus entirely on the story of Brexit, or the unbelievable Trump victory; seek to understand the epic collapse of oil or consider the cultural influence of the many icons who have passed. Or most confounding of all, how the heck did Leicester City win the Premiership and did Gary Lineker’s football shorts constitute underwear on MOTD.
Every day we take risk without considering the consequences. Interestingly almost every action we take carries risk; the list below from besthealthdegrees.com considers the chances of fatality from some normal activities (as well as some less so). 1 in 300 million of death from a shark attack 1 in 250 million of death from a falling coconut