20
Feb
2018
1

Six things all investors need to remember right now

Now that the dust is settling on the recent stock market volatility we can look back in a calmer and more reflective mood. Let’s start with a simple question… What can we learn after the events of last week, when the Dow Jones fell by 4.6% in a single day and the FTSE 100 dropped 9% from its peak of 7,778 in January? The answer? Nothing. That’s right, the volatility seen in the UK, US and around the world tells us precisely nothing new about investing. Stock markets rise and fall and after a lengthy bull run a correction was bound to happen sooner or later. Ironically, it was positive economic data, which caused the volatility, with markets worried that...
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9
Feb
2018
0

Stand back and observe the bigger picture: Putting the current stock market decline in context

There’s no doubt hyperbolic headlines depicting the recent falls on the world’s financial markets are potentially anxiety-inducing. With the FTSE 100 Index falling to its lowest levels since May 2017, the effect of the headlines has been to generate a sense of uneasiness; we’re here to remind you that this shouldn’t be the case. Instead of reacting to the volatile nature of the markets (or the sensationalist headlines) with panic or knee jerk decisions, we think that it is wise to stand back, observe the bigger picture and take a calm and considered approach. Rarely, if ever, should short-term stock market volatility cause you to change your long-term financial plan. Especially if your goals and aspirations remain unchanged. I believe...
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25
Jan
2018
0

Five reasons not to rely on your home as retirement income

Just under half (47%) of homeowners over the age of 55 plan to downsize to smaller homes later in life, according to research from Prudential. With almost four million people looking to trade their current home for a more manageable space, it is perhaps surprising that less than one third (28%) are motivated by financial gain. In fact, the main reason, given by 74% of people is the convenience of running a smaller home. (Source: Prudential) Let’s focus on the 28% though, who believe that their house is the key to a financially secure retirement, as well as anybody in their 30s, 40s and 50s right now, who look forward to cashing in on their property in later life. Unfortunately,...
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14
Dec
2017
0

What’s your number?

Think carefully. How you answer will say a lot about you. Of course, some of you reading this won’t know. Others will be too embarrassed to say… But, it’s time for some transparency and openness. Otherwise, how will you know when you will achieve financial independence? Yes, that’s right, financial independence. What did you think I was talking about? Let me explain more The number we are referring to is the amount of money you need to be financially independent and free. Free from the 9-5 (if only it was that, when was the last time you only worked a 40-hour week and took your allocated hour each lunchtime?) Free from debt Free from financial anxiety Free to do what...
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20
Nov
2017
0

The six things Warren Buffett can teach us about investing

What can a man born nearly 90 years ago in Omaha teach us about investing in 2017? Well, if his name happens to be Warren Buffett and he’s worth nearly $80 billion, quite a lot! Buffett is variously a business owner, investor and philanthropist; having given over $30 billion to charitable causes. He’s a famously successful investor; here’s six things we could learn from him 1. Invest for the long-term (part one): “If you aren’t thinking about owning a stock for 10 years, don’t even think about owning it for 10 minutes.” You are probably as likely to make a loss as you are a gain in the short-term. Investing should be seen as a long-term pursuit, of at least...
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7
Nov
2017
0

16 questions to ask when choosing a new financial planner

Finding the right financial planner means asking lots of questions. The more information you can gather before making your decision, the more confident you will feel in creating a life-long relationship with that planner and their firm. This week, I will be focusing on the top questions you should ask a financial planner, to make sure that they are qualified, experienced and capable of dealing with your own situation. 1. “Are you authorised and regulated by the Financial Conduct Authority (FCA), with suitable PI insurance in place?” If the answer to both questions isn’t: “Yes and yes” you should simply walk away. Never take financial advice from anyone who isn’t FCA regulated and PI insurance is vitally important if something...
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