Spending money – your retirement money – starts off being a science and then moves to the emotional. How people invest money is hidden, not visible, but how it is spent is the opposite and that may be more insightful. Money is a utility, it’s for a purpose; if it is…
Read MoreIf you’re nearing or at retirement, you should be aware of two new taxes that were introduced alongside Pension Freedoms back in 2015. And the two things your retirement depends on.
Read MoreI noted on a DIY investor site this week that they were running a story on people who run their lives – top to bottom – on being able to retire when they reach 40. I wonder if they have understood what retirement really is? It's not just the length of retirement that’s important, it’s also the breadth…
Read MoreThis week David Stevenson wrote about us in Citywire, asking why don’t more people realise trusts are great pension income providers if you care more about steady income than steady capital growth.
Read MoreWorking with people like you all day, every day, we run several continual, repetitive conversations so I’ve outlined for you here the three dilemmas every client gets caught with, and why the questions are non-binary. There’s a point to noodles, but more importantly we outline for you the three main ways of drawing income from your pension.
Read MoreThis time I cover two aspects of retirement for you – one is what to do with the free time and your Third Age, the other is how to pay for it.
Read MoreFirst a quick look at the fun part of retiring, the whole point – stepping away from the desk brings 24/7 freedom so what’s your plan? Here’s what Steve & Judy from the BBC did in the mid-50’s as a change of tack (pun intended) and plan for filling retirement years.
Read MoreToday we’ll have a quick look at some items we have come across recently – we’ll show you what Russian bots on the web actually look like and the simple error Norway has made on its wealth tax.
Read MoreThis week we have been running annual updates and valuations for all our clients – the updates include the month by month record of the actual income, and these annual tables are stacked with the prior years to provide clients with the reassurance of just how reliable the income is in reality. You can’t pay bills with optimistic asset allocation.
Read MoreNow here’s a double edged blessing; many moons ago I was at a drinks party hosted by my father and I joined his group swapping tails. He remarked to the eldest of the group that an upside of being older was that he no longer had school costs to pay, to which the reply was ‘Who do you think pays the grandchildren’s school fees?’ Quite…
Read MoreDo you read the FT? Most readers here will say ‘no’, and that’s as it should be, we’ll show you why. Anxiety free investing? There’s a very real technique in doing this, backed up by a Nobel Prize, so I outline for you how that’s done, and what you definitely should not be doing.
Read MoreAn astute investor I know of in the US, Morgan Housel, is also a very, very accomplished communicator who is effective at distilling practices and experience into simple summaries. The simple litmus test of financial decisions he believes is the question ‘Does this help me sleep at night?’ What he is saying is…
Read MoreFollowing on from last week’s note, maybe its only stuffy baby boomers who have noted the irony in the FTX crypto investors rushing to the exit to sell their crypto holdings for cash. Next up on the list of items proving cashflow is king, is Mike Ashley – he’s in the process of…
Read MoreAs people we know about ‘the law of unintended consequences’, and that rule applies throughout the arithmetic of investment. Some is unintended, some consequences are designed, some are simply natural. Interest rate rises have a…
Read MoreLike borrowing money for a car or a house, government money also needs to be paid back, and that job belongs to Jeremy Hunt. His predecessor said he planned to ignore paying back what we owe so the lenders had him and his boss evicted. It’s interesting to note that…
Read MoreHow to get rich slowly and avoid the puddles. The hullabaloo over gilts has had a knock-on effect with interest rates, and you’ll have noticed that interestingly large rates are now being advertised. We should probably repeat ‘if it looks too good to be true …’,
Read MoreI’m never sure whether the Chinese regard it as a curse or a blessing to live in interesting times, and I’m pretty sure anyone connected to the media in the UK is having a blast with our current shenanigans. Last week’s newsletter came to you a day early due to Kwasegate, and it happened that we pressed the button a mere five minutes before his disciplinary at the head mistress’s office.
And now again – as I write this on Thursday we’ll try to ensure we
Read MoreI'm leaving this question in for you - it's rhetorical, but it is very important in setting the right frame of mind for income investing. A quick question to ponder on: are you more anxious about what your income will be in the next 12 months, or in 10 years time?
Read MoreBaby boomers know about inflation, today’s 60 year old hit teenage years when the price of his Spirograph was shooting up in price by 24%. Spikes always occur, however from 1970 to 1980 the average of the annual inflation rates was 13.3%. Yikes.
Read MoreThe 4% Rule was defined in America by Bill Bengen using US stocks and bonds records, along with US inflation. This is Bill's original essay and calculations. The study does not transpose to the UK because UK equity, fixed income and inflation levels are not the same; the principle is valid in the UK but not the calculation.
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