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    Philip J Milton & Company Plc provides a well established and very competitively priced "direct instruction" share dealing service.

     

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    It is estimated that 65% of the UK population does not have a valid Will. For those, the law decides how your Estate is distributed under “Rules of Intestacy” meaning that your assets are unlikely to be distributed as you wish upon your death, not even recognising an unmarried partner, for example. Do not delay making a Will! (This service is not regulated by the FCA.)

     

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Weekly Column

The Value of £10

18 September 2017

The release of the new £10 note has got us thinking about cash, and more importantly the value of cash. In this respect, many people use bank accounts to house their long terms savings because they believe this is the safest way and they will not lose money, which can be a riskier strategy than expected given the following circumstances.

1. Firstly, the amount you hold with an individual bank is protected up to only £85,000 per institution through the Financial Services Compensation Scheme, which means that any amount over this can be lost in the event that the bank becomes insolvent.
2. The total rate of inflation in the last ten years has been 32.9%. As a result, £10 held ten years ago would only be worth £7.52 today due to the effect of inflation.

The effect of inflation is even more concerning when you consider that if your bank has only paid you interest of 2% in that time, your £10 will now be worth £9.17 even considering the interest you have been paid, and so again you would have lost money

In order to combat this effect, you need a savings on investment vehicle which generates interest linked to inflation or gives you capital growth so that your savings can outpace inflation.

At Philip J Milton & Company Plc, we invest funds for our clients into the stock market according to their risk profile and objectives, which has the potential to grow at a far greater rate than inflation and so make your money grow in real terms. We also actively manage funds on a discretionary basis which means that we make all the decisions on buying and selling to maximise your funds, without any inconvenience to you and leaving you to get on with the things that are important to you.

If you are interested in growing your savings in real terms then please do contact us to make an appointment with one of our fully qualified financial advisers, they will be only too happy to help.

The value of stockmarket investments and any income from them may fall as well as rise and investors may not get back the amount originally invested. Yield figures may vary and are not guaranteed. It is advisable to hold these investments for a minimum of five to ten years, over which periods stockmarket returns have shown themselves to be historically superior and broadly predictable through both good and bad times. Past performance should not be seen as an indication of future performance.


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Gold

GOLD So London stores £250trillion of the world’s gold in its vaults – 596,000 bars and weighing 7,500 tonnes. This is all owned by different entities and as one sells some and another buys some, the label on the front changes. Even some of our clients hold some of this as we have a little gold as a safe asset within client Portfolios – the currency of last resort. The Bank of England looks after 5,100 tonnes of this total. It is estimated that around the world, above the ground there are 187,100 tonnes of gold though this does include jewellery, personal stores and coins as well. Around £14billion of gold is traded every day. In silver, the figures stored are much smaller – 32,000 tonnes stored in London worth £14.5billion.

 

 
Founded in 1985, Philip J Milton & Company are delighted and proud to offer a fully independent financial and investment planning service and we advise upon all aspects of clients’ financial affairs.

The Financial Conduct Authority does not regulate some areas mentioned on our web site including: Buy to Let Mortgages, Claims Management Activity, Taxation & Accountancy, Probate Administration and Will Writing.

Financial services complaints we cannot settle may be referred to the Financial Ombudsman Service; www.financial-ombudsman.org.uk 0800 023 4 567. Details of our complaints procedure are available via the documents tab above.

Risk Warning - Stockmarket investments can offer income through the payment of dividends and interest and good opportunities for capital appreciation over the longer term. By this, generally we mean periods in excess of five years, preferably much longer. However, we can never promise you particular returns, especially in the short-term. At any point in time but especially in the short term, your capital could be worth less than the original amount invested as some of the selected holdings may fall in value, regardless of expectations at the time of acquisition. We may also invest in funds that hold overseas securities. The value of these investments may increase or decrease as a result of changes in currency exchange rates. Returns achieved in the past cannot be relied upon to be repeated.

Philip J Milton & Company Plc is authorised and regulated by the Financial Conduct Authority.
Philip J Milton & Company Plc is entered on the FCA register (http://www.fca.org.uk/register) under reference: 181768.
# Registered Office: Choweree House, 21 Boutport Street, Barnstaple, Devon EX31 1RP
Registered and Incorporated in England number 3233275 | VAT number 682 2544 28
A list of the Directors is available from the registered office

 

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