So good to know that at last a Chief Exec is taking it on the chin. Hargreaves Lansdown kept Woodford’s funds on their list of ‘popular’ funds and tempted many to invest when it had clearly become folly to do so. They obviously weren’t giving advice, as ‘no news or research item is a personal recommendation to deal’. However, HL’s boss’s pay has plummeted to £650k as a result. Although, in percentage terms, this may not be quite the plummet suffered by Woodford investors.
“What next for investors if interest rates have peaked?”
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.
