Research undertaken by the European Securities and Markets Authority found that in the period from 2015 to 2017, on average, costs accounted for 25% of gross returns from retail funds. The study showed the impact of charges varies significantly across asset classes.
Well, what can be said? Rather than a Santa rally, the markets have been torrid and Wall Street will have threatened to have had the worst December since 1931, the great crash heralding the Depression. Within the month, it fell by significant daily amounts as well as rallying on one of the lowest volume trading days of the year too to rise by the most points ever seen on one day. This volatility is not especially helpful, it has to be said, as it confuses investors in terms of the difference between short-term speculation and risk-taking and long-term investment in real assets.
The New Year sees many resolutions being made, and whilst for many these revolve around improving health, for others the aim may be to save for a deposit on their first house or a wedding.
Happy New Year! As the memories of 2018 fade into the distance, our thoughts turn to what is to come in 2019. The markets have been volatile over the past year as a result of the Brexit complications with the FTSE All Share index falling by over 14% from its highest point in May, compared to its lowest point in December. We have also seen the bubble burst for the over hyped Bitcoin falling over 74% over the twelve month period. Whilst the markets have fallen (which is the nature of stock market linked investments), it is not all doom and gloom as the lower prices enable investors to buy in at a more competitive price and will hopefully reap the returns when the markets recover. However, we will have to wait and see what’s in store for 2019.
Leading North Devon Wealth Manager and Independent Financial Advisory Firm Philip J Milton & Company Plc is delighted to have been appointed to be responsible for managing a further £55Million on behalf of over 1,600 new individual investors. This follows the suspension of the previous London-based investment manager by the Financial Conduct Authority (FCA) in early December. Whilst the Firm was not looking specifically at this stage to increase its responsibilities in this direction, it was contacted in view of its connections, stability, trust and reputation over the thirty-three years of the Firm’s existence.
While you are soaking up the leftover turkey, mince pies and chocolate, you might start thinking about your aims and objectives for the New Year, whether it be personal and financial. Maybe one of your goals for next year should be to invest in new financial opportunities such as stocks and shares?
Still, this may cheer you all little. An interesting article in the Remain-focused Financial Times on 6 December noted that a strong focus on office space was confounding the pessimists. It refers to the old BT HQ where the incumbent buyer will have very significant costs of refurbishment to find when the present occupant vacates in the next three years. Priced at £200million, there were more than ten bidders with several well over the asking price and many from overseas’ climes and those looking through the short-term uncertainties from ‘Brexit’.
As we prepare to welcome 2019, it is time to reflect on the events shaping economic and market ovements globally. It has been a more difficult six-nine months with some awful natural disasters afflicting the world and uncertainties continuing.
We have witnessed droughts, food shortages, forest fires and ferocious storms with dreadful and fateful consequences. With predictions……
The original clip when Philip Milton, North Devon economist, independent financial adviser and investment manager floors the Remain Camp by rubbishing their statistics compiled on flawed emotion and fear.
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