People talk a lot about compounding in this sector. In fact, I do. Many of us nod wisely, suck through our teeth and intone gravely “.. and don’t forget – that will compound over time too, you know”. But what does compounding mean? Simply put, compounding is what happens when your money gets larger simply through […]
What do Steve Webb, Mo Farah and Andy Murray all have in common?
Nearly anyone so inclined can build or buy a half decent portfolio these days. For sure, that’s not the same as buying the most suitable one, or in the most suitable way. Let’s be honest about it – putting together a few cheap tracker funds is not rocket engineering and it’s becoming even cheaper (just […]
Brass in pocket?
The Regulator, the FCA, has today delivered an interim report on the quality and added value of active funds, asset managers and financial adviser fees. It’s a damning indictment of a number of investment business practices. Further, mentioning St James’s Place, Hargreaves Lansdown and others by name, the FCA has found that a number of asset […]
Property funds, are you affected?
Another Property fund (Threadneedle) was suspended yesterday – what does this mean? If you’re invested with Fiver a Day, or for that matter, practically any managed investment fund at the moment, you’ll have exposure to property funds. So, yes, you are affected. Firstly, do not worry. There’s no point in me trying to tell you […]
Fighter pilots and footballers, bad investors in times of crisis?
As I tap away at this, on Wednesday evening, I look back contented on three days of strong recovery in for my Fiver a Day clients. I think back to those market traders in the run up to the referendum last week, clever people who made the decisions they did and who got them all […]
2016 referendum report.
Last night, I sat down to watch the referendum coverage. I expected to watch the first two or three hours, have the general (Remain) view validated and then go to bed. There would be a win for Remain, I’d wake up this morning, turn on my computer and see the global financial markets continue their […]
Bedrooms, beards, boys
What do they all have in common? Correct – they have all been taxed at some point. A year or two back, Francois Hollande even considered taxing smartphones, tablets and laptops. Is that so far from taxing using a television? Anyway, as we approach the end of tax year, everyone and his dog will be telling […]
The 2016 Budget, an overview
It was famously once said that ‘all roads lead to Rome.’ In British politics, all speeches currently lead to the EU Referendum. George Osborne’s Budget speech, delivered on Wednesday March 16th, was only an exception in that all roads lead to Brussels. Or so he hopes. This wasn’t a specifically either/or Budget. More than ever, […]
Financial Advice Market Review (Robo advice)
As I read through FAMR this morning, I was reminded of my trip to the FCA last year, the one for Project Innovate which gave the first reliable indicators of the likely direction of travel for FAMR. The day included many vibrant discussions about how to assimilate ‘tech’ and the advice gap. The difference between […]
The 2016 Budget
George Osborne will present his latest Budget to Parliament on Wednesday March 16. Details of a new flat rate hitting higher earners and further tax reforms are likely to be announced on the day, and I’ll cover them off in a bit more detail later on. I will start off though, by stating something that I’ll […]