Philip's Comments Archives - Page 13 of 24 - Philip J Milton & Company Plc

Political shenanigans & stable UK markets

So I grab a week’s trip to visit our daughter in Malta doing a four-week Elective in the Valetta Hospital and I can’t trust you to look after our Prime Minister in that time. I don’t know. The markets and currency have been most resilient – as an ‘uncertainty’ about the possible ongoing uncertainty...

Interest rates go up, some markets go down

Well. The world is a changed place, economically. The US has raised interest rates by the biggest one-day sum for 30 years but let’s not lose perspective – that is 0.75%pa.Our own rates have also risen 0.25% and the markets are saying ‘not enough’. This is after the lowest rates since the Bank of...

Blue Planet Investment Trust letter – don’t worry

A number of clients have received an astonishing letter from Blue Planet Investment Trust today. I wanted to assure clients that they have to do nothing as a consequence of its receipt but I shall be sending a full letter to everyone next week. There is absolutely no ‘urgency’ to do anything and all...

Happy 70 years on the throne Your Majesty!

Before anything else, have a great Bank Holiday weekend! It is brilliant to recognise that today (Thursday, June 2) is the 69th anniversary of the Queen’s Coronation (70 years on the throne). Well done Ma’am!Never in history has anyone been more successful in travel, communication, business and political leadership and held such role for...

Tech worm takes a bite of Apple as market volatility continues

Downside volatility continues and the biggest and previously brightest names are the most afflicted. Apple has fallen and now overtaken again by Saudi Arabia’s Aramco Oil as the biggest global company (and its profits surged over 80% in the last quarter).Perhaps Apple and its owners are being reminded of Sir Isaac Newton’s gravity lessons....

Wobbling markets and avoid the inheritance trap

The markets are deciding to have yet another wobble. The tech-based Nasdaq is now down 25% from its high and all those relying upon its major components for their cheap global tracker funds are beginning to realise that that’s not such a good idea after all when ‘all’ the tech stocks unravel so significantly...

High tide for overinflated tech bubble?

I shall make a prediction now. Elon Musk’s bid for Twitter may well be looked-back-upon as the pinnacle of the excesses of the ‘tech’ bubble (and after the Nasdaq indices have suffered their worst ever month). Of course, as usual it will only be time which tells but we are still enjoying seriously cheap...

Shocking decisions, market musings and some passion

So what on earth did Barclays do… It sold $15billion more of an investment product than the US SEC had authorised. So it had to cancel some and as a consequence, it cost the Bank £450million.Not unsurprisingly, but the share price has been hit and confidence shattered – who on earth was monitoring this? It...

Accountant panicking behind pile of paper

The tax year is over! And why you really need good advice

Well, April 5 has happened and year-end investment reports will be produced now. We were manically busy in the run-up to the tax-year end but some people still missed the deadlines for Pensions and ISAs, people who are really in the ‘must use’ camp. We do try!We also had considerable funds ready for applications...

Mixed news and some good PJM investments

What odd financial news. The US Treasury comments on interest rates sent 10-year Treasuries to the highest yields and lowest capital values since 2019, another nail in the coffin of ludicrously high pension transfer values for those with deferred benefits in such schemes. Soon we shall indeed be able to say ‘November 2021 saw...

Political shenanigans & stable UK markets

Interest rates go up, some markets go down

Blue Planet Investment Trust letter – don’t worry

Happy 70 years on the throne Your Majesty!

Wobbling markets and avoid the inheritance trap

High tide for overinflated tech bubble?

Shocking decisions, market musings and some passion

The tax year is over! And why you really need good advice

Mixed news and some good PJM investments

Risk Warning

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Philip J Milton & Company Plc

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