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Its Not Harry

Comment and opinion for retail investors in the UK

Monthly commentary

YAP – homely advice, AI rapper style

14th July 2025 by Mark Potter Leave a Comment

With Nvidia becoming the world’s largest company on the back of enthusiasm for AI, I continue to test out the capabilities of the free AIs that are on offer to the public as apps for mobile devices (ie are usually cloud based). I have ChatGPT and Deepseek on my phone, for example. I also plan to see if CoPilot, which is inertia sold now with the Office 365 recent upgrade and reprice, will do some of my spreadsheet work.

It is clear to me, as I have already written, that people will soon find that AI ‘assistants’ (or ‘agents’ for more complex work – a new class of software tool in their own right), are easier to use and give more comprehensive and revisable results in a natural language format when compared to the old processes of ‘googling’.

It is also known that the main reason Apple’s share price is well down lately is that Apple have a lot of work to do in this area, being well behind even the previously lumbering Microsoft.

My latest test, inspired by thinking how much simple good sense, even simplified behavioral science, was in the now classic Kenny Rogers song ‘The Gambler’ that came up in a play list delivered to me by Google Music, was to ask my AI ‘helpers’ to write a song that would represent sound advice to UK retail investors. In other words, create the Not Harry anthem!

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Filed Under: Humour, Innovation, Members Only, Monthly commentary

YAP – the great American giveaway

7th July 2025 by Mark Potter Leave a Comment

I recently saw a notable video posted by an American specialist in international relations whose analysis I have noted as insightful and accurate over recent years (he is an associate professor at the University of Pittsburgh). In essence he made the point that Russia’s next, possibly already under way, ‘invasion’ will not be of the Baltic States, Finland, Georgia or Moldova but will come (has started?) in the form of hybrid warfare attacks on countries in NATO and the EU. Russia is in fact an extremely capable enemy when it comes to cyber warfare (one of the key elements of hybrid warfare), likely much better equipped relatively than it is with tanks and fighter jets these days.

One of the reasons for this is not widely known, I suspect, and I only became fully aware of it recently. This is the theft of an entire library of the most advanced hacking tools in the world from the US National Security Agency’s special projects department, a few years back. In fact, no deliberate theft actually happened. It was I believe more a case of access being left open by misbehaving employees and the automatic operation of anti-hacking tools that had roots in Russia stumbling on an open door.

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Filed Under: Funds, Members Only, Monthly commentary, Portfolios

Deep Dive – July 2025

1st July 2025 by Mark Potter Leave a Comment

Half time scores

We are now at the end of the first 6 months 0f 2025 and more significantly, a little under that much into Trump 2.0.  What has been the actual impact of the orange one’s political and economic ‘policies’’ on markets?  To what extent have our advance calls on the widely anticipated instability and general weirdness that followed the election of Donald J Trump protected our portfolios or better still, left us exposed to new opportunities?

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Filed Under: Asset Allocation, Economics, Markets, Members Only, Monthly commentary, Politics

YAP (PS) – how Trump hangs on to power

16th June 2025 by Mark Potter Leave a Comment

In my earlier post today, I mentioned the 4 old men of the current apocalypse, to adapt St John, and as I wrote the words about at least a couple of them being potentially voted out of office, I felt uncomfortable. It just does not feel like that’s going to happen.

Most people know that if Netanyahu loses office, he will almost certainly go to prison on corruption charges. So he will do anything to stay in power. Trump maybe more ‘Teflon coated’ but no-one is going to argue that he does not want to hang on to power until his dying day.

I think I know how he will at least try to do that.

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Filed Under: Members Only, Monthly commentary, Opinion, Politics, Rants

YAP – USA proposal to unilaterally raise extra taxes from overseas investors

9th June 2025 by Mark Potter Leave a Comment

Sorry, there was no way I could make the title of this piece snappy!

The topic is perhaps one that will not be widely covered, if at all, in the mass media, but it is raising serious alarm bells in the investment industry outside of the USA, and may well have implications for American investors too, as I will explain.

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Filed Under: Members Only, Monthly commentary, News, Opinion, Politics, Portfolios

Deep Dive – June 2025

2nd June 2025 by Mark Potter Leave a Comment

A new investment opportunity, or snake oil salesmen?

This month I want to offer a primer on the topic of what are loosely called ‘private equity’ and ‘private credit’. 

These terms describe rather generally forms of investment that do not fit easily within the framework of existing UK legislation and regulation for retail investors but which forms of investment are currently available to retail investors indirectly, by being included in the assets of products we recognise like pension funds and investment trusts, and which may become more widely available in the near future..

A new opportunity, but is it any good?

There is definitely something building by way of a story or even a campaign, with vested interests acting a cheerleaders, which narrative might be summarised as suggesting that this form of asset is the new ‘next great opportunity’ and retail investors ought not to be locked out of such a great opportunity by the ‘nanny state’.

As an indication of how the subject is highly topical, especially in the USA, I would refer you to a very recent comment from a Goldman Sachs AM spokesman saying that he could “even see a world where we stop using the phrase public and private; we just say great companies or great credit”.

Now that sounds like a salesman pushing a new product line to the sceptic in me.   Such is the general tone of the trade media coverage I am seeing.

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Filed Under: Education, Innovation, Members Only, Monthly commentary, Portfolios

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