June Market Commentary

Introduction May was a relatively quiet month, virtually nothing of any importance happened at all. Well, apart from the European elections, Theresa May’s decision to stand down and the re-escalation of the US/China trade war. Not content with that, Donald Trump imposed tariffs on Mexico and Angela Merkel decided that her potential successor wasn’t up…

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Lessons from Neil Woodford’s troubles

If you read the financial press, this is big news. ‘Star fund manager’, Neil Woodford, stopped investors withdrawing money out of his Woodford Equity Income Fund on 4th June, after the sum total of investment withdrawn from the fund reached a staggering £560m in less than four weeks. Kent County Council wanted to withdraw a…

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The Bank of Mum & Dad

Erica and Ernie (not their real names!)  asked us for help because they wanted to help their son, Victor, buy his first flat. Victor was in the classic trap of paying more in rent than he would on a mortgage but unfortunately as he did not fulfil the mortgage lenders affordability criteria, couldn’t get a…

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May Market Commentary

Introduction First the good news. None of the leading world stock markets on which we report in this Bulletin fell in April.  With just one exception – China – all the markets made gains, with the German DAX index leading the way. Generally the world breathed a sigh of relief as relations between the US…

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