Monthly Archives: September 2019

Investment Update – August 2019

Matthew Smith, Director of Buckingham Gate Chartered Financial Planners, provides his clients with an investment update for August 2019.

Headlines:

UK GDP Numbers

US/China Trade War

Possibility of a No-Deal Brexit

Markets Posting Impressive Gains Year-To-Date

The value of investments can rise as well as fall and you may not get back the full amount you invested. Income from investment is variable and not guaranteed. The statements in this video are for information only and are not designed to constitute personal advice. If you are unsure, you should seek advice from a qualified financial adviser.

The Only Constant Is Change

If you are anything like me, you will have been fascinated by the seemingly never-ending political surprises over the past few days, not least Boris Johnson’s decision to prorogue parliament.
All of this would make for fantastic watching if it were a political TV drama, but unfortunately it is real life.
In some people’s minds, Mr Johnson’s actions have made a general election more likely and by extension the prospect of a labour government more likely as well.
Many will use these potential changes on the horizon as an excuse not to take action on something. Not to invest. Not to get that updated will drawn up. No to [insert any other thing you might want to do here].
Although potential changes are always unsettling, it is important not to use them as an excuse for inaction. Because, the thing is, once one change has happened, there will always be another one on the horizon.
If we have a general election this year, who’s to say that there wont be one next year? (and in the current political climate, I wouldn’t bet against it). Once we have had this years budget, there will be the Spring statement and then next years budget.
There will always be changes on the horizon, but at some point we must act if we want to achieve anything.
I always say to clients that we must plan based on what we know today and then adapt and change the plan in the future when the inevitable changes happen!