Steven Barrett's Archive

It’s the wager, not the odds

Liverpool Football Club won the League Cup (I can’t keep up with the change of sponsors, so I just call it the league cup, much to my son’s amusement) last week. It was an entertaining 0-0 draw with both sides having goals disallowed for marginal VAR decisions. Liverpool won the penalty shoot-out 11-10. Liverpool are […]

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Is it time to ban structured products?

Structured products have been around for a long time. We have always viewed them to be a poor quality products for our clients so they are not something that we use. But people do use them, otherwise they wouldn’t have survived as long as they have. They have always been complex products which traditionally used […]

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Luck isn’t a strategy

I did the following recently: Profit off the table We sold some money in an investment account that we have. With investment returns doing so well, we decided to take some profit off the table and pay down some of our mortgage. Some money was taken out in December and another amount in early January. […]

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This is what risk and return really looks like

As a financial advisor, we always talk to clients about the relationship between risk and return. I’ve even written about it and again and again. When you invest in funds, you don’t see the rise and fall of individual stocks and it can be of little interest. That’s because investing should be boring. Now you […]

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If you aren’t paying for it, you are the product

How can Google make so much money when their service is free? It took a while before people discovered what was going on. Tech companies were using all the information we were giving them and using it to allow companies to use targeted advertising. We were the product all along. Free Trading Now there is […]

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Variable income in retirement

Ever go to conference? Ever notice that people return to the same seat after breaks. If it is two day conference, everyone will be sitting in the seats they had the day before.  We are creatures of habit and we like routine. One certainty we love the most is getting that pay cheque every month. […]

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Market Correction

The stock market returned 30.98% in 2021. It was a modest 6.25% in 2020 but given the global economy effectively shut down that year, who can complain? 2019 saw returns of 29.91%. In fact, in the last 10 years, there was only one negative year, 2018, when the market was down -4.26% for the year. […]

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Being tax efficient with the standard will

A standard will is pretty straight forward; assets go to the surviving spouse and after that, it is split evenly to the children. This is standard fare and parents don’t want their children to fall out by one getting more than the others. While it is fair that the assets are evenly split, it does […]

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Habit of a lifetime

As a financial advisor, I talk to all sorts of people about their money. Not all my clients are High Net Worth (a term often misapply to people who are high income earners but not wealthy) and I work with a lot of people who work hard, whether through running their own business or through […]

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There for the grace of god

There is a load of noise on social media about a girl called Molly Mae. I’d never heard of her before. She is an influencer and was on Love Island. She is doing well for herself these days and gave a tone deaf interview saying we all have the same 24 hours in the day […]

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