IFA of the Year 2010
IFA of the Year 2010
MANY PEOPLE were surprised that 2010 turned out so well, with the FTSE producing a positive return of 9 per cent.
IN THE prevailing volatile market conditions, it pays to be nimble and flexible. While all the competitors have made good returns, they have all had to contend with a Greek crisis and an Irish crisis, plus other factors such as a change of government in the UK.
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NO matter how well informed, no-one can predict the future. Despite this undeniable truth, the public are encouraged to believe that stockbrokers and portfolio managers will be able to consistently beat the market by making tactical plays on stock, sector and asset class choice.
CHRIS and Fiona's speculative approach to risk allowed for considerable freedom in portfolio construction. However, it should not be forgotten that the mandate was to achieve capital growth over the next five to ten years. The agreement of a speculative approach should not be taken as a licence to take "short-term bets".
As the year end nears, our IFAs will be hoping to maintain their above-average returns and cross the finishing line in first place, says Raymond Ellis
GIVEN Chris and Fiona's speculative attitude to investment risk, you would typically expect them to be invested mostly in equities with a bias towards overseas.
BENJAMIN Franklin once said that the only thing more expensive than education is ignorance: it is absolutely crucial to any investment strategy that you are educated about all costs involved.
Strategic bond funds are popular but you must know what you're trying to achieve, writes David Leduc
What a testing period this has been for IFA portfolio builders. It has been a year when all asset classes seemed out of sorts – yet performed much better than the commentary that surrounded them.
Seven months have passed since Chris and Fiona invested £300,000 within a speculative growth approach investment.
Despite concerns about a double-dip recession and continuing uncertainty, corporate earnings remain healthy and equities remain our favoured asset class relative to government and/or corporate bonds or cash.
There has been some serious tactical portfolio re-positioning going on during the last six weeks, presumably in preparation for another bout of extreme volatility and the much heralded "double-dip" – but is this the right thing to do?
In the midst of the investment marathon, switching strategy in pursuit of a quick buck usually backfires, writes Raymond Ellis
Case Study: Chris and Fiona Anderson
Doubling the size of your fund in the space of a year must be some sort of indication that the managers are doing a good job.
EVERY investor at some point faces the age-old question of where they should invest for income. Looking back,over the post-war period an allocation to cash has served well. Since mid-1948, UK base rates have averaged 7 per cent, comfortably beating the average in retail prices index (RPI) over that period of 5.7 per cent.
I LIKE the investment competitions you see in the papers now and then.
The main purpose of an absolute return fund in any investment portfolio is to protect the client's capital, beat the current return from cash (which is somewhat modest at the moment) and provide an actively-managed upside potential. It all sounds fairly straightforward but, as our competitors are finding out, it can be difficult to consistently produce the required results.
We ARE more than half way through the year, yet the entrants to the Scotsman IFA of the Year competition face some unenviable choices.
FOR investors, the high-yield bond sector has been one of the success stories of the past year and the outlook remains attractive. While direct investment in this market is best left to the professionals, some funds managed by experienced specialists have been delivering investors an income yield in excess of 10 per cent.
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