financial advice
I discussed with my financial advisor Nikki, if this was worth doing, giving Claire the marriage allowance, I must admit, I didn’t know this was still around.
https://www.gov.uk/marriage-allowance
Nikki said it was a good idea, so Claire now has this in her tax code.
We decided to get a valuation for the first time, was seen by a lovely estate agent and of course Claire was the closest to the valuation, but we were very happy with it and also that nothing needed to be done to the property for selling it. 🙂 Actually there is, so watch this space.
We have lived in our home for 27 years, we can actually call it our home, as after several phone calls we finally got the house deeds this week. Good old COVID19 always here to help, but I wasn’t going to be beaten.
This was a big week, the AJ Bell system had gone live, and so for extra income in the future, Nikki had set me up two ISA plans. Let’s hope these do well.
Global equity markets continue to benefit from the unpresented levels of stimulus measures put in place by global central banks and the loose monetary policies being undertaken by Governments. With interest rates appearing that they will be kept at record low levels for the foreseeable future the environment for equity investing remains positive even though certain parts of the market (large technology companies) are looking fully valued.
The expected result of the upcoming US election would normally be having a far larger effect on the markets but with the outcome too close to call, investors appear more focused on the recovering economy and the stimulus measures. A second term for Mr Trump should again be positive for equity markets with his business friendly policies, but even a Mr Biden win with his promises of higher taxes and increased regulation the outlook for shares does not appear overly dark.
At this moment in time, Apple are worth more than the FTSE 100.
In discussion with my financial market man Graeme at Brewin Dolphin, one thing you have to learn this is not a 100 metre sprint, but a marathon, a roller coaster journey, but in this case, hopefully a lot more climbs then drops 🙂
“If the two largest economies in the world were too seriously fall out then the ramifications would be felt all around the world and all stock markets would fall. We are however hopeful that given that the US have an election on the 4th November, President Trump will do his best to control tensions as he definitely needs a good stock market if he has any chance of retaining power, which at the current time according to the polls looks unlikely.
I have bought for your portfolio today a new holding of a physical silver exchange traded commodity fund. This should be negatively correlated to equity markets therefore offering some protection if the US, China situation significantly deteriorates from here. I have chosen silver rather the traditional hedge into gold as it is our opinion that it offers better value.”
I have to admit, it does annoy me, that my future and virtually everyone’s future is controlled by a country that we have no control over or can vote in 🙁
My pension pot was now with Brewin Dolphin. It was now all go and prey that the markets cope well during these very strange times.
This week I had a Zoom meeting with Nikki and my market advisor (Graeme) from Brewin Dolphin. These would be the people monitoring my portfolio making sure my investment was doing the best it could, especially during these pandemic times, I knew this wasn’t going to be easy.
As explained, it’s the long journey, as it will be a roller-coaster ride and no one really knows what is going to happen in these very unusual times!!
Going into the unknown this week.
Had a Zoom meeting with Nikki going over how my pension would be handled by Brewin Dolphin and AJ Bell for my SIPP.
It was now or never with trusting Nikki and not seeing him on that Jet Ski!!
22nd May, was a HUGE DAY, for me and Claire, we received a letter to confirm that I had been able to pay our mortgage off, the house we purchased back in August 1993 was ours, YIPPEE, huge pressure taken of us both!!
