In this update: Cognitive Biases in Financial Planning and Investing The Role of Independent Financial Advice Cognitive Biases in Financial Planning and Investing Cognitive biases are systematic patterns of deviation from norm or rationality in judgment, which often affect financial planning and investing decisions. These biases can...
In this update: The importance of time when investing. The importance of an emergency fund. Balancing both Why we avoid making economic and market predictions Why Investments aren't ideal for Ad Hoc withdrawals Time and having an emergency fund are crucial aspects of a sound financial...
In this update: The importance of Budgeting - Mapping your financial future. Budgeting is like the GPS for your finances, ensuring that you know where you are, where you want to go, and how to get there. Without a budget, you’re essentially navigating your financial life...
In this update: The cycle of investor emotions The cycle of investor emotions As regular subscribers will know on reading these posts, I have discussed the timing and nature of markets on a regular basis. Markets typically fall into either bull and bear phases. For a definition...
In this update: Market Seasons Financial Behaviour Your Financial Plan Market Seasons As regular subscribers will know from previous posts, the markets go through their seasons. The business cycle goes from expansion, slowdown, recession and recovery. Stock markets move between bear and bull markets. However, we...
In this update: Financial fireworks State Pension Top-Ups deadline extended Pension Credit Financial fireworks With the Bank of England reporting last week that core inflation has continued to rise, it's difficult to see a way out of this current inflation spiral. Like a firework, you light the...
In this update: Patience Patience One of the most challenging elements of investing is having to remain patient in difficult circumstances. If you can keep your head when all about you Are losing theirs and blaming it on you...
In this update: Perspective Perspective An extremely important principle is the different points of view you get when you change your level of magnification. You can look at something with a microscope and see it a certain way, you can look at something with your eyesight...
In this update: 2022 in perspective Your financial planning journey 2022 in perspective As I've previously written, markets correct once a year (a fall of more than 10%, but not more than 20%), but the majority of the time these falls are fleeting. Every year, at some...
In this update: Patience Patience A great deal of time and energy is given to take action in some spheres of financial planning and portfolio management, in a rush to 'fix' the current situation, namely the likely fall in one's net worth during turbulent times. We can...