Investors: It’s Just a Question of Time

There’s a change afoot. We’re replicating the 1980s and 1990s in terms of what looks set to unfold in the American economy for the next 20 years. It’s a massive tectonic shift - bringing along with it waves...

Investors Swinging at Fever Pitches

Finally, the markets cracked. That cookie had to crumble at some point, eh? So after a direct media attack, and wave after wave of implied yet rarely factual headlines, Trump and politics are the subject of the blame-game...

The Market’s Millennial DNA

Ok, so the corporate earnings season is just about done, and it was pretty solid; even when allowing for how ugly Q1 2016 looked with energy write-downs clouding the picture. In the future, when you see a particular...

A grim unfairy tale of SIPPs and salesmen

We had a recent visit from a retired couple just turned 70, recommended by their best friends who have been clients for 20 years. Their IFA, they explained, was a one-man band and wasn’t returning calls. They understood...

The Long and Short of Success

Why do folks find it hard to believe that I was the Linlithgow Academy athletic champion in fifth year back in 1965? But because I was born in late February, thanks to the “rules of the game” for...

Death & Taxes Capital Punishment

Last month I mentioned Professor Parkinson's take on our tax system... “It's designed to tax income when you're living and capital when you die.” This time round let's look at what happens when we exit this mortal coil....

The Bear That’s Been and Gone

In a continuation of the trend of recent years, the actual GDP reporting process arrived at a smaller number than the individual data reports suggest. Maybe we’re suffering here from the law of large numbers - the larger...

The Checkers in this Market Chess Game

Trump and the media seem to be getting very good at jumping from one problem to the next, with scant regard for what became of the previous issues. Folks tend to forget that what we’re seeing today is...

Stay away 'til St Leger Day? Don't bet on it

Where has the year gone ? Suddenly it’s May. And with May comes the fresh plant growth that’s such welcome news. However to balance that along comes our weary economists, awakening from their winter slumber. As my grannie...

Group-Think Is Not An Asset Class

Last week ended much like most weeks do these days; with the crowd being pushed along to worry about something. Any reason will do these days. We were told Thursday (markets were closed Friday) was a terrible day...