When I was younger and hanging out with my friends at the weekend, we used to order chips and curry sauce all the time. For an extra 60p, they would deliver the food to your house. Last week, the food delivery company DoorDash had its IPO (initial public offering) with the company valued at $72 […]
On Monday, 9 November, pharmaceutical giant Pfizer announced, along with its partner, BioNTech, that they had a viable vaccine for Covid 19, the virus that in the last year has infected over 60 million people, killing over 1.5 million of them, made tens of millions of people unemployed and effectively shut down the global economy. […]
We hear all the time about the market. The market is forward looking, the market is volatile, the market is up or down. But what is the market? The value of Apple shouldn’t go up or down based on an event elsewhere that has nothing to do with Apple products, but the market is so […]
When I talk to people about investing, new clients often tell me “I am low risk” or “I am medium risk”. I don’t know what that means to them. It is likely their definition of risk is different than mine so I ask them what their understanding of investment is. Lose all your money The […]
Sean Cox and his brother went Anfield in April 2018 to watch Liverpool’s Champions League semi final 1st leg match against Roma. It was a match Liverpool would win 5-2 after being 5-0 up. A result that had Liverpool supporters around the world celebrating. Except Sean Cox wasn’t celebrating. On his way to the ground, […]
The Government published a Report of the Interdepartmental Pension Reform & Taxation Group (ITPRTG) on 13 November 2020. This group was formed in 2013 from various government departments and bodies and they looked at how to simplify pensions. The report itself is 145 pages long and can be read here. They have certainly recommended big […]
If you have read Michael Lewis’s The Big Short or seen the movie by the same name may recognise the name Micheal Burry. He is the guy (played by Christian Bale in the movie) who predicted the collapse of the CDO market in 2007/ 08 by actually looking under the hood of these products and […]
In a bid to attract deposit holders in the last recession in 2007/08, banks offered a fixed rate of 5% per annum for 5 years. These were in accounts guaranteed by the State so for no risk, you were getting a high return, something that goes against the norms of investing. The ECB started cutting […]
As people near retirement, they tend to de-risk their pension investment by moving it into bonds and cash before they mature their pension plan. But will most retirees investing in ARF’s post retirement, should they really be reducing their risk exposure at all? Annuity The idea to de-risk your pension came about originally when the […]
I have been working in financial services for 22 years and been advising people on their money for 20 of those years. There have been plenty of changes over that time but the biggest ones weren’t imposed by the Central Bank, they were imposed by the market, what people wanted. I worked for years under […]