‘I’ve seen an ad on the telly for a fund which pays 6% interest. Can I invest in it via you?’, I was asked this week. No! The very small print on the ‘Wellesley Property Mini-Bond’ website, below the ‘6% pa’ headline confirms that it’s unregulated, would not qualify for the Financial Services Compensation Scheme and that ‘your capital is at risk’. And they get away with advertising it on TV?
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The number of under-40s, in particular, renting without apparent hope of buying has risen by over 20% in the last 15 years or so, more than has been the case in other countries whom we would consider comparable with us: in the US, around 6%, Germany 8%, for example.
There is a school of thought which might say that, should you wish to revive and encourage investment in the UK Stockmarket, a starting point might be the reversal of Brexit.
What next is a much better couple (or more) of years ahead. If you have investments, you’ll have seen a pretty sharp ‘uptick’ since November after a pretty sharp ‘not much happening or going down’ since the beginning of 2022. We’ve said many times that when things move, they can move pretty quickly.