11
Dec
2024

The permanent challenge of temporary declines, and a healthy dose of vitamin C!

Investment markets are currently being very kind to investors. Despite continued geopolitical uncertainty in Ukraine and the Middle East, markets worldwide have continued to give you above-average returns in a bull market that has lasted since the pandemic. More significantly, since March 2020, there have been no periods of significant decline. While this has been a very welcome respite from the normal market rhythm, there’s a danger that you will forget the important lessons learned from past falls, because triggers for market volatility still exist. To prepare you for the potential of decline during the coming year, here are some points you should keep in mind when others are losing theirs. Market corrections happen frequently A market correction is defined...
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27
Nov
2024

How “memory dividends” can really enhance your retirement years

If you are saving hard for your retirement, you may be reluctant to make a big financial outlay on a once in a lifetime experience. Instead, you might be entirely focused on setting money aside for your future needs. However, I’ve long thought that sometimes spending money on an experience to create lasting memories can often be just as important as saving for your retirement itself, once you’ve set enough aside to ensure your financial needs in retirement are covered. This is often referred to as creating “memory dividends”, and in this article you can read why that’s the case, and why it’s so important to ensure that you’ve accumulated your share of this type of dividend. Living comfortably in...
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19
Nov
2024

Why you need to know these 6 key financial numbers

Your road to financial freedom is a journey of a thousand steps. Fortunately, the path is well-trodden by millions of investors who have already reached financial independence. Drawing upon their experience, I can help you to extract the key learnings and metrics you’ll need as you continue your financial journey. This journey is a marathon, not a sprint. It will require patience, discipline, optimism, and regular reflection on the progress you’ve already achieved. It is this practice of measuring your progress that I want to reflect on in this article so that you can avoid the fate of too many unsuccessful investors: discovering an unpleasant truth when it’s too late to correct your course. So, here’s how to avoid common...
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30
Oct
2024

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

Almost four months after Labour won the general election, chancellor Rachel Reeves has delivered her 2024 Autumn Budget, outlining the government’s plans for this tax year and beyond. Arguing that the July general election had given Labour a “mandate to restore stability and start a decade of renewal”, Reeves described it as “a Budget to fix the foundations and deliver change”. Against a backdrop of a manifesto pledge not to increase Income Tax, employee National Insurance, or VAT, Reeves also announced that her Budget would raise taxes by £40 billion, stating that any other chancellor would “face the same reality”. Read on for a summary of some of the key measures and announcements from this year’s Autumn Budget – the...
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23
Oct
2024

Are you feeling squeezed? The financial challenges of being a member of the sandwich generation

A combination of demographic and lifestyle changes has resulted in many people facing the type of financial challenges they may not have encountered a generation ago. One of these is increasing longevity. According to the Office for National Statistics, life expectancy has increased by 8 years for women and 11 years for men over the last half a century. There have also been remarkable advances in medical technology over the same period. These have not only helped drive increases in longevity, but also mean that people are living comfortable lives with illnesses that they may previously not have survived. While positive news, this can mean an increased potential for care provision, especially when it comes to your elderly relatives. Additionally,...
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14
Oct
2024

Your 3-step prescription to financial success

The parallels between medicine and personal finance are noteworthy, as both require discipline, prudence, and timely action. In the same way that your physical health depends on preventative care and informed decisions, your monetary wellbeing also relies on ensuring you’re following sound financial habits. While you will have unique circumstances and challenges, some generic guidelines can help you to go on a successful journey. As you navigate your financial journey, having a clear and precise plan is paramount. Today, I’m looking to provide just that with a well-crafted, three-step financial prescription. By mirroring a medical prescription, I’m aiming to curb any financial “bleeding” you may be suffering, stabilise your finances, and guide you towards sustained financial health. 1. Stop the...
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