I will not comment on markets and investment matter in general today for two reasons: I can’t think if anything to say that will not be covered in my December Watching Brief in a few days time and apart from the local election in Hong Kong having proceeded peacefully (good news), nothing much new has happened.
The publication of the manifestos of the main political parties is fanciful as ever, with ‘commitments’ that make for good headlines. At least this time there is out and out socialism from Labour and therefore a contrast with the gently shifted Tory ‘almost more of the same’ offering. The polling data is now so clearly indicating a Tory victory that the media punters are covering their backs with pieces worrying about sudden changes in the last fortnight of the campaign!
We will just have to wait and see..
Following publication of a Long Read piece introducing passive investment concepts, I am researching the multi asset fund market, focusing on the low cost passive options as this is where retail investors’ money if flowing now, often on the advice of IFAs who want to shift all the investment work somewhere else and still maintain their own fees for doing very little of use!
I can see merit in such funds, if only in certain situations, but if you put your whole portfolio in a good selection of properly reviewed low cost passives in a risk adjusted mix, you would certainly not need to pay an adviser thousands of pounds a year. Even the IFA trade press is admitting that much now.
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