The Bottom Line

By Morgan Williams & Co.

Financial planning in a post-pandemic world

‘Fail to plan, plan to fail.’ It’s an expression that anybody who has worked in management or the military must have heard a thousand times. Like all oft-repeated clichés, it carries a kernel of truth – and in no aspect if human life is the phrase more apt than in financial planning.  Unless you have...
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The Beijing Billionaires…

For the last seven years the title of the city with the most billionaires has been held by New York, but this year a new name has taken over and that city is Beijing.  According to the latest Forbes annual rich list, the Chinese capital added 33 billionaires last year, taking its total to 100 – one...
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May Market Commentary

Some of the numbers in this month’s Bulletin are simply staggering. Whether it’s Amazon’s profits or the ‘investment’ (which could alternatively be considered ‘spending’, depending on your political viewpoint) announced by President Biden.  There was a time where the ‘standard unit’ of currency we talked about was a million. Company profits and valuations were measured...
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Could the UK have its own digital currency?

At a seminar in March, Haruhiko Kuroda, Governor of the Bank of Japan, suggested that the central bank should immediately start “preparing thoroughly” for a future with its own cryptocurrency. While there were no immediate plans to introduce a cryptocurrency Kuroda stressed the importance of being ‘thoroughly prepared’ should the need arise.  In April it...
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How quickly will economies and markets bounce back?

At time of writing, the UK’s FTSE 100 index of leading shares is at 6,882 – up 7% on where it ended 2020. In the US the Dow Jones index is up 11% for the year at 33,821 with other major markets around the world also making significant gains in the first four months of...
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Property Funds: The Doom and Gloom has been overdone

Many of our clients will be familiar with property funds. Investing in commercial – rather than domestic – property, these funds have been part of many clients’ portfolios, typically providing a balance to equity funds.  That, of course, was before Covid-19. When the UK went into lockdown in March last year many property funds had...
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April Market Commentary

This market commentary has been produced for some time now but March 2021 was the first month when a ship made the headlines. Anyone who watched a news bulletin will have seen the mega-container ship the Ever Green firmly wedged across the Suez Canal. The ship, which is 400m long, was finally re-floated having caused...
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The Net Zero Innovation Portfolio. What is it? And will it work?

Most of the headlines in Rishi Sunak’s recent Budget were made by the tax rises, both for individuals and companies, and by the inevitable bill for the pandemic.  There was a strong ‘green’ theme running through the Budget. This was shown through the National Infrastructure Bank being established in Leeds, and the Bank of England’s...
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The Chancellor’s Mortgage Guarantee: a Good Idea? Or a Big Mistake?

“Generation Rent,” declared Rishi Sunak in his Budget speech, “will become Generation Buy.” Had the House of Commons been full, this announcement would no doubt have been greeted with loud cheers by Conservative backbenchers. At last, someone is doing something to help young people get on the housing ladder… So what did the Chancellor announce?...
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