Steven Barrett's Archive

How are they doing now?

How are they doing now?

There were a couple of really good articles last week about the quick collapse of wealth. The first one in the Financial Times was about the final hours of FTX. It was a fascinating insight into the collapse of a company once worth $40 billion. Its founder Sam Bankman-Fried had a personal wealth of $20 […]

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What would you do if you came into money?

What would you do if you came into money?

We’ve all had fantasised about what we would do if we won the Euro millions and had more money than we could think of. Who we would buy houses for, who we would give a few quid to? What car would you buy? Where would you go on holidays? Would we give up work, reduce […]

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Guest Blog: which is a better investment strategy, the S&P 500 or the MSCI World Index

This week we have a guest blog from ChatGPT. If you haven’t heard of ChatGPT yet, it is an artificial intelligence tool designed by OpenAI. I typed in “write a 500 word essay on which is a better investment strategy, the S&P 500 or the MSCI World Index”. Within seconds, it started to type out […]

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The best start you can have in life is having rich parents

The best start you can have in life is having rich parents

Brooklyn Beckham, son of David and Victoria Beckham, has had many careers. One was as a photographer, and he published a book of his work called What I see. This included the silhouette of an elephant where he took the photo facing the sun. The photograph had the caption “elephants in Kenya, so hard to […]

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The myth of the overnight success

The myth of the overnight success

We constantly read about overnight success stories. Young people who come from nowhere to own multi billion dollar businesses. At the same time, young people are looking at their starting salary out of college and wondering where they got it all wrong. How come they aren’t earning the big bucks? It’s all a myth. The […]

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Diversification in action

Diversification in action

For years, tech stocks were all the rage. The Nasdaq 100 post double digit returns for eight of the ten years up to the end of 2021. The other two years posted returns of 4.58% and 9.91% (you could round this up to double digits!). With returns over 30% for last three of those years, […]

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How to get entitlement of employers pension contributions inside 2 years

How to get entitlement of employers pension contributions inside 2 years

If you are a member of a company pension scheme, you have to be in that scheme for at least two years to be legally entitled to the value of your employer’s contributions (when I started working, it had just been changed to five years. Before that, you were never entitled to the value of […]

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The value of a financial planner

The value of a financial planner

Using a financial planner isn’t for everyone. Lots of people have an interest in personal finance and are willing to spend the time learning about it and keeping track of things (although over confidence in their own abilities can be an issue). But there are lots of people who have no interest in personal finance […]

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Providers missed a chance to change things with Master Trusts

Providers missed a chance to change things with Master Trusts

With four different Master Trust products being launched over the last number of weeks, I found myself logging onto a number of webinars to find out more about these new products that are replacing one person company pension plans. One thing that struck me was all the life company wanted to emphasise that financial brokers […]

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One person Master Trust

The Pensions Authority shut down one person pension schemes last July. The replacement is the Master Trust structure. Over the last few weeks, the insurance companies have been launching their version of the master trust structure that can be used in one person arrangements. What is a Master Trust? Previously, when setting up a one […]

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