16
Dec
2021

10 new year financial resolutions to get your finances on track in 2022

As we head towards the end of 2021, it’s natural for you to start looking ahead to what 2022 may bring. To my mind, the start of a new year is the perfect time to think about what’s important to you, and the impact this has on your personal finances. I therefore thought it might be an ideal time to suggest 10 new year financial resolutions that will help you get you on the right financial track in 2022. 1. Take some time to understand what’s important to you With all the TV channels showing repeats, and films you’ve seen a dozen times before, the Christmas break gives you the ideal opportunity to take a step back. Spend some quiet...
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9
Dec
2021

12 important and timely financial lessons 2021 has taught us

As we approach the end of the year, I’ve gone back through the newsletters you’ve received from me this year and pulled out some of the key lessons I’ve shared. These might not give you all the answers you need to plan your financial future. Your situation is unique to you, and your financial planning process should be equally unique. But following these lessons should stand you in good stead, and put you in a strong position to enjoy the retirement you deserve and have worked hard for. So, in the spirit of the 12 days of Christmas, here are your 12 key financial lessons from 2021. 1. Inflation is one of the biggest threats to your financial wellbeing In...
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25
Nov
2021

8 key facts to consider when it comes to understanding investment risk

The value of your investments, particularly your pension fund, is crucial to the success of your financial planning. A key factor when it comes to growth on your investments is the amount of risk you’re prepared to accept to meet your financial goals. Here are eight key facts about investment risk that you should consider when you’re investing your money. 1. It’s important you understand what “risk” is From crossing the road to buying a new car, there is an element of risk involved in almost everything you do. Each time you do something that could be risky, you’ll take steps to reduce that risk. So, when you’re crossing the road, you’ll check for oncoming traffic. If you’re buying a...
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1
Nov
2021

The 10 commandments of really successful and confident investing

How you invest your financial assets is key to your financial future. So, it should be at the heart of your financial planning process. Effective and successful investing doesn’t happen by accident. As with most things, you should always have a plan in place, and follow that when you’re building – and managing – your portfolio. I strongly believe that you should have some guiding principles that create a framework within which you can make decisions about your investment strategy. Here are 10 investment “commandments” for you to adopt. These very much reflect my investment ethos and the way I look to advise all my clients when it comes to investing your money. 1. You must have a plan, and...
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27
Oct
2021

What does “wealthy” mean, and how does it impact on your retirement planning?

When it comes to defining “wealth” and, by extension, “wealthy”, the obvious place to start is through measuring the value of assets. These will include your money, savings, property, and pension fund. On the face of it, these will give a decent approximation of your overall monetary wealth, and therefore define if you are “wealthy”. But, from a financial planning point of view, wealth is far less straightforward than that. I often think it’s more about your state of mind than your tangible assets. So, how do you define wealth, and how it can impact on your financial planning? Wealth can be more about your lifestyle than your assets If you want to boil it down to a simple statement:...
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25
Oct
2021

Everything you need to know about the 2021 Autumn Budget

“Employment is up, investment is growing, public services are improving, the public finances are stabilising, and wages are rising.” This is the backdrop against which Rishi Sunak presented the 2021 Autumn Budget. Promising “a stronger economy for the British people”, the chancellor outlined his taxation and spending proposals. Here’s a summary of the key points and what they mean for you. Firstly, though, a reminder of two important tax changes that have already been unveiled. 2 important announcements already made Back in September, the prime minister made two headline-grabbing tax announcements. From April 2022, National Insurance rates for both employees and the self-employed will rise by 1.25 percentage points across earnings bands. Millions of employees and many employers will see...
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