The Great Gatsby was one of my favourite books, and I even had a soft spot for the Robert Redford movie (really don’t bother with the new one). All the fun and glamour was doomed to end, and we know how badly it ended, Gatsby in the swimming pool (spoiler), depression, fascism, war. But just because stock markets have recovered so strongly in the past 12 months doesn’t mean we, too, are doomed. Despite my regular contention that history repeats, it’s a very different world, certainly financially. What goes up does come down, yes, but it’s too early to panic, I’d say. We haven’t started partying yet.
“John Lewis looks to tap into DIY investing boom with Nutmeg partnership”
M&S sold ISAs and pensions for while in the ‘90s. Richard Branson had a go. Halifax and the Pru made millionaires of quite a few estate agents when they bought them out, thinking it would be an easy way to flog mortgages and endowments. John Lewis has seen that...