What a year it has been for political surprises. It is now just over four months since the EU referendum result shook the country and financial markets alike.
The period since the UK voted to leave the European Union (EU) reminds us of the Phoney War. Although we have a new prime minister, little has changed, other than sterling’s precipitous decline.
Financial and political chaos were widely predicted if the UK voted for ‘Brexit’, yet all is calm. While we remain unconcerned about the risk of a meaningful economic contraction in the short term, there are several risks to the UK and global economies.
The deaths earlier this year of rock legends David Bowie, Ian ‘Lemmy’ Kilmister and Glenn Frey sparked renewed interest in pop culture and its long-term investment attractions. Does the guitar market offer the ultimate and most enduring value for would-be buyers of music memorabilia?
Globalisation is a highly contentious issue with many advocates and detractors. Nonetheless, throughout history, free trade has generally been good for prosperity, whereas periods of protectionism, such as those of the Corn Laws and Great Depression, have not.
In an age of quantitative easing, negative interest rates, low oil prices and limited spending, many investors could be forgiven for finding the global economy increasingly difficult to understand. We look at some of the driving forces and consider how best to respond to a frequently puzzling picture.
Financial planning is sometimes viewed as convoluted, with its complicated rules and ever-changing legislation and tax rates. There are, however, some simple steps that most individuals can take to organise their financial affairs more efficiently, as well as ’future-proofing’ against legislative and fiscal changes.
It is wise to be aware of the fast-changing ISA landscape and how it is transforming the way we save for and spend in retirement. Most of the innovations in the sector are to be welcomed, but are some of the more recent too far removed from the simplicity that made their predecessors so attractive?
Diversification has long been used to decrease investment risk by reducing exposure to a particular asset. It works within a single asset class — a portfolio of stocks is less risky than holding shares in one company — but can be more effective across different asset classes.