18
Apr
2024

7 reasons why it is easy to be pessimistic

I recently read an excellent online piece from the Australian website Quillette, which provides long-form journalistic analysis on a variety of subjects. This particular article was about pessimism, and asked the very pertinent question that if life is said to be better than ever, why does the world feel so depressing? It resonated with me, as I’ve written previously about the importance of optimism and the fact that the life we enjoy today is significantly better than that experienced by previous generations. But despite so much empirical evidence to the contrary, it still seems to be far too easy to be prone to a pessimistic outlook than one of positivity. The Quillette piece, set out some compelling  reasons why we’re...
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9
Apr
2024

Are you always asking the right questions to make the right financial decisions?

Your journey to financial success can often appear to be fraught with anxiety and uncertainty as you struggle to identify the most effective path towards your desired lifestyle. With countless investment options, complex economic conditions, and unique personal financial situations, selecting the best course of action can feel overwhelming. As an investor, you may also have to contend with contradictory advice, misinformation, and your own behavioural biases, while all the time knowing that decisions you make today can profoundly affect your future financial security and aspirations. In these moments of confusion, it’s understandable for you to seek financial advice for guidance and clarity. However, in my own experience, the key to overcoming such struggles often lies not in new and...
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25
Mar
2024

20 simple lifestyle tips that could help you live a better life

While financial planning is the theme of most of the newsletter articles you’ll read here, I think it’s also important to reflect on what’s important to you in your wider life. So, in a change from the usual articles relating to managing your money, I’ve set out 20 different lifestyle tips and suggestions that I hope you’ll find useful. There’s no overarching theme to the first 15, as I have deliberately tried to make them as random and varied as possible. So, they cover a range of diverse subjects such as eating, sleeping, and watching sport. However, as your finances are so integral to the rest of your life and wellbeing, the final five are all about aspects of financial...
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14
Mar
2024

Why longevity is the underappreciated retirement risk

To my mind, there are two distinct stages in your financial planning lifetime. The first requires you to squirrel away money for your future, hoping to benefit from the magic of compounding returns. I often call this the “savings stage”. At retirement, you then transition to the “spending stage” of your life. From this point, you will likely withdraw from, rather than continue to add to, your investment portfolio. While any habit of frugality you developed during your life will continue to be beneficial, this major change in direction can be a difficult adjustment for you. In this phase of life, I always flag two risks you’ll face. One is a risk I often think my clients fear a little...
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6
Mar
2024

Your Spring Budget update – the key news from the chancellor’s statement

The 2024/25 tax year is just a month away, and chancellor Jeremy Hunt has delivered his 2024 Spring Budget, outlining the government’s plans for the next fiscal year and beyond. With a general election looming – prime minister Rishi Sunak has said he will call it before the end of the year – the chancellor claimed that the government had met the prime minister’s three economic priorities laid out at the start of 2023, having: Halved inflation, down from highs of 11% last year to 4% in January 2024 Kept debt falling in line with fiscal rules Grown the economy, fully 1.5 percentage points higher than expected. Amid this backdrop, the chancellor called this a “Budget for long-term growth”, with...
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6
Mar
2024

All the winners and losers from the 2024 Spring Budget

With one eye on a forthcoming general election, the chancellor has announced a Budget aimed at generating long-term growth, with “more investment, more jobs, better public services and lower taxes”. While the headlines will inevitably focus on Jeremy Hunt’s cut in National Insurance contributions (NICs), many less headline-grabbing messages will affect millions of families and businesses. Read on to find out who were the winners and losers from the 2024 Spring Budget. Winners Working people The chancellor said that his Budget gave “much-needed help in challenging times”, adding “if we want to encourage hard work, we should let people keep as much of their own money as possible”. Calling NICs a “penalty on work”, Hunt announced a cut in Class...
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