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Monday Musings 01/09/2020

YOU REALLY SHOULD READ THIS ONE

In the musings I very rarely talk about particular areas of financial planning such as Pensions, but today let’s talk about Pensions.  I want to talk about the ones you have forgotten about or perhaps not thought of for years.  According to the Association of British Insurers there are about 1.6 million pension pots worth about £19.4 billion laying around waiting for someone to claim them. Funnily enough this is not your problem but is a problem for the Insurance Companies as the cost of managing these may become untenable. So, let’s use your memory and our skills to see how much you have laying around.

My son works for a major pub chain where he is getting a great grounding in the basics of running a pub. The idea has been that at some point he would have his own pub and go on to be the next ?????. Logic says that the pub trade has been hard hit by Covid 19, this would be a great time to buy a pub as prices are depressed. On the other hand, if business is likely to be pants for the foreseeable future maybe it is the worst of times to buy a pub. It is a bit like investing in the markets. Whilst there are clearly attractions to plunging in, you should ensure that you do so with the right strategy. I am pleased to say that we have greatly strengthened our investment committee now that George Rashbrook is with us as he brings a great depth of knowledge. We also have Peter Staple, an excellent adviser.

Although Covid19 has limited our opportunities to meet with our clients, through the various online meeting apps, we are still in touch. This week we will be finalising the dates of some online coffee and conversation sessions that we used to hold in the office. I will be sending you details of these and we would really enjoy seeing you.

So, to the markets

 02.03.202001.09.2020% change% change on week
FTSE 1006580.615963Down 9.37Down 0.64
Dow Jones25018.1628653Up 14.52Up 2.59
Nasdaq8344.2511695Up 40.16Up 3.39
S&P2652.393508Up 32.27Up 3.26
NIKKEI20849.792282Up 9.75Down 0.16
Hang Seng26077.7325422Down 2.51Up 1.23
Shanghai29713403Up 14.54Up 0.68
CAC405416.025002Down 7.64Up 2.18
DAX12030.2713033Up 8.33Up 2.10

Monday Musings 25/01/2021

Understandably Mr Bidens main preoccupation is to defeat Covid which is likely to have killed more American lives than both world wars by the end of February. Although in theory.

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Monday Musings 18/01/2021

Having been on this mortal coil for many years I am going to have it “put in my arm” this coming Friday. This is first time in many years I.

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Monday Musings 11/01/2021

We had two winners in last weeks competition, Mr KF from Southampton and for the second time Mrs MD from Lyndhurst they will both be receiving a luxury hamper shortly..

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