Just finished a lovely book, ‘The Music Shop’, by our friend Rachel Joyce. It’s all about the fall and rise of vinyl and the record shop and record shop owner. Which made me muse that, perhaps, we advisers are the independent, vinyl-stocking record shops of financial services.
They say that online ‘robo-advice’ will be the end of us. But maybe there will always be a demand for something with lots of notes to read that you can touch and feel and turn over. If you know what I mean.
Don’t hold your breath on this one. The idea is that, if you invest in British Bulldog Stocks and Shares, you may get an extra £5,000 of ISA allowance, but how that might work in practice is up for discussion or consultation until 6th June.
How worried should we be about a change (by which, read, to Labour) of government? Well, one person’s change for the better is another’s worst nightmare, of course, but let’s try to look at this with the dispassion of the markets and money persons.
‘I’ve seen how much the S&P 500 has gone up, why haven’t my investments done the same?’, I’ve been asked a few times now by clients who’ve done their homework (‘Clever Clogs’? You may think that…).