Tuesday, 12th November 2019
Party on, investors!
It would demoralize the mountaineer….
Enough, we imagine, to make him tear off his backpack in frustration and hurl it into the ravine….
But, if the stock market is your game, it is the gift that keeps on giving….
Just when you think you’ve reached the ultimate peak an even higher summit rises up out of the mists….
Over in the US last week, the Dow Jones Industrial Average jumped more than 100 points to a new record high….
The other two major US indexes are also at – or as close-to as makes no difference – record highs….
Across 2019, the Dow Jones Industrial Average has added about 17% in value….
The Nasdaq composite is up close to 26% over the same period. The S&P 500 has gained about 23%….
Even a fool could make money in this climate. Many have. The stock market can do no wrong. It has done no wrong for a decade and more….
The winning formula could be taught to children in primary school….
Trust to corporate America, throw your money into the stock markets and then sit back and watch that money grow….… Click here to read more
Tuesday, 29th October 2019
The laws of the universe remain in force….
Poor old Neil Woodford….
He flew so high. His star burned so bright. He was a master of the universe….
He had it all – in spades – and then some….
The big name, the sterling reputation, the rave reviews, the Midas touch….
The massive earnings, the splendid houses, the flashy motors, the horses and the stables….
But all that was back then – back in the days when Woodford was a wunderkind with his finger on the pulse of the markets….
…. Back in the days when Woodford could do no wrong – when Woodford’s stellar record as a stock-picking broker at Invesco was still up-front, in-your-face and fresh in the mind….
…. Back in the days when he was still building the legend that saw him turn every £10,000 invested in the fund which he managed into a princely £255,000 over two-and-a-half decades….
The shaven-headed operator – who preferred wearing jumpers and jeans to the usual city-boy attire (so cool!) – made ordinary investors rich. No other fund manager could live with him.
He was the financial world equivalent of a galactico.… Click here to read more
Tuesday, 15th October 2019
‘It’s a difficult question to answer but once you add all of my assets up, I’m worth about £1,000,000.’So says Luke Blackburn, aged 23, of East Riding in Yorkshire….
On the face of it, he’s done very well for a lad who dropped out of college with just four GCSEs to his name….
Especially when you consider that he started out building his personal fortune with a small loan of just £1000….
It’s an incredible transition. A cynic might refer to it as unbelievable….
- It hasn’t gone to his head….
Last week Blackburn was talking to the Daily Mail about his journey to success and financial independence….
The reporter got the impression – from Blackburn – that money doesn’t mean anything to him….
‘I’m a working-class guy from Hull…. I’m a pretty down to earth person….,’ he tells Chantalle Edmunds. Nevertheless, we are treated to many photographs of this down-to-earth hotshot enjoying the many luxurious trappings of his stellar success….
He poses next to an Audi whilst counting a wad of cash…. He poses in a swing-chair wearing a Gucci T-shirt….
We see a huge wad of cash on a granite-topped table….… Click here to read more