Category Archives: Financial Planning Truths

Personal Financial Planning – Care Fee’s | Bitcoin | Estate Planning

In this article.

Welcome to 2018.

Stock Market Risks – Flight of capital.

Bitcoin and other Crypto Currency

Care Fees Planning – Scam Busting.

Estate Planning – Will Writing

 

2018 is with us. Like it or not we’ll seem more changes this year than we did in the last.

The more erudite of the Sunday papers are asking if Mrs May will continue in office, my guess is  – it will depend on how childish some of her backbenchers get.

Interesting to note that some of the so called ‘smart money’ has already started to leave the UK in advance of a Labour victory either before or after the next fixed election. I personally feel that this ‘money leaving’ is due to a few other reasons…

UK Stock Markets at all time highs, driven by a weak pound which has increased earnings for some of the large businesses based on the UK but with income from the rest of world, as the pound starts to rise overseas profits will start to tumble.

Interest rates have started to rise which will strengthen the pound but with Brexit we are all just guessing. My view for this year is more caution, but that’s been the case for a number of years now.

Crypto Currency – once the Sun Money pages start to talk about any form of investing you can bet the ‘party is over’ and to a certain extent that’s true. The rise of Bitcoin and others has taken a few people by surprise.

In the same way a winner in the Grand National at 100-1 or a greyhound at Hackney Dogs at 75-1 takes gamblers by surprise.

Forget Bitcoin as an investment until you’ll accept it as payment for a second hand car or to have your pension paid in it. At the moment it’s very much a fad, like the internet was in 1998 – for geeks and speculators. Of course if you risk nothing you risk everything and Bitcoin is certainly higher risk than most other investments – for that reason there will be spectacular gains in the coming years and then some equally spectacular losses.

Once things settle down we’ll be left with some new technology that makes a lot of sense. It’s been called the democratisation of money and I think this makes sense. The technology is very interesting and will change a lot for all us – but at the moment Crypto Currencies are a bet not an investment.

Nursing Home Fees – Care Costs.

I’ll keep coming back to this subject until it finally sinks in and the ‘bad guys’ stop peddling their wares to an unwary public. My ‘scam report’ is available here – Care Fees

I don’t think for one moment we will see central Government accepting the costs of care for all of those that need it. For the same reason not everyone qualifies for housing benefit or other social security payments – not everyone will qualify to have their care costs covered.

If you are in your twenties or thirties – there is little support to provide you with a roof over your head and the same process applies if you are in your 80’s – it’s just the way it is.

Putting your home in a trust or any other scam you’d like to menton won’t work for Care Home costs in the same way it won’t work to claim Housing Benefit when you are fit and well. Sure there are some plans you can make and you should – just don’t try and avoid your responsibility.

Wills and Trusts – are further in the spotlight with the changes introduced last year in relation to Inheritance Tax bands – honestly if you’ve not reviewed your estate planning or revised your Last Will and Testament in the last five years let me know – I’ll review it with you and let you know what do next.

2018 is likely to bring more change than 2017  and 2016 combined. Personally I think that’s a good thing, sometimes things get a lot worse before they get better and we should be reminded of that more often. Stay safe and remember you can’t change events or happenings you can only change your reaction to them, sure there is plenty of negative and bad news to come, but there is also a lot of good stuff happening.

Richard

www.thefinancezone.co.uk

0774 007 6226

 

Two IFA’s In A Pub.

 

On Friday of last week I was standing in the King and Queen pub [Brighton] with one retired Independent Financial Adviser and one currently authorised by the @FCA.

MoneyTrainers - FIdelity

I have known these two people for over twenty years and had in the past supervised them both, this meant that I had to check their advice and comment accordingly. Certainly both of them are what you would call experienced and competent advisers.

We’d had a very nice lunch and were now enjoying large rum and coke’s in order to round of the afternoon – a great time was had by all.

Despite having enjoyed a few drinks the talking became more and more serious when I was explaining to them one of the investment strategy’s I teach over here at MoneyTrainers.

Of course both of them explained that neither of them could do what I do because of the regulator.

That was interesting to me – both of these experienced financial advisers were not able to do the best thing for their clients because of the regulator.

 

Effectively the regulator is more concerned about regulating than consumers getting the right investment planning in place.

But I think it’s deeper than that. I think that the wealth management industry which includes many independent financial advisers don’t do the things I teach because they either can’t be bothered or they refuse to understand. Of course thirty years ago their approach would have been understandable, but in 2015 something is terribly wrong.

Importantly the one thing that we kind of agreed on – the investment returns from one fund had been good. The fund in question was the Fidelity Special Situations fund.

Indeed it is a good fund. But just one of my suggested funds has ‘knocked it into a cocked hat’ over a consistent period of time and for two reasons.

  • It is not trying and failing to be a better performer than the respective indexes.
  • Nor does it  make you pay for the attempt to beat the respective index.

You can continue to pay your fund managers and IFA’s for the privilege of having under performing investments or you can take control yourself and benefit in knowing that your path is a right one.

Even if you only get the same investment returns as the star manager from one of my strategies you will still be better of because charges will be at least ten percent lower every ten years.

MoneyTrainers – teaching you the truth about money.

Just so you know my Be Your Own Pension Adviser training is available now. Get in touch for more details.

For your Free Online – Money Course send me your details below.




Investment Returns 5 x Better With One Tweak.

NatwestMaking your money work harder.

Getting the most from your money has never been easy, but as I write this in 2015 things have never been more complicated. Record low interest rates have caused sizes and investors to be effected very badly, whilst we can expect interest rates to be going up in the short term future we have absolutely no idea when this will be.

 

As you can see from the images the banks and building societies are absolutely ripping you off by paying you derisory interest rates and charging their borrowers five or six times more than they’ll pay you.

 

 

It’s no wonder we’re seeing expensive advertising Nationwidecampaigns being wrong across most TV channels for some of these organisations.

It is you that is paying for them.

Most consumers think they don’t have a choice, but they do and it’s far easier than you think to increase the returns from your cash investments without taking much more risk.

In fact taking tiny bit more risk with your deposits means you can double your returns.

Without doubling your risk.

 

 

For your Free Online – Money Course send me your details below.




MoneyTrainers in association with the Pit Bull of Personal Finance.

MoneyTrainers – The Truth About Financial Advice

MoneyTrainers.

Since 1988 when Financial regulation first started to have an impact in the UK consumers have struggled to find genuine impartial and independent financial planning advice. And despite the promises made via government departments and the financial regulators not much has changed since then.

I think it’s fair to  say that the effect of regulation has been just to give us more regulation and has added little value to the consumers of financial products. Financial services mis-selling and wholesale mis-selling by the banks has further damaged trust in the sector.

For consumers getting access to high-quality financial advice and information has been and difficult in recent years. Nearly all financial advisors have to operate on a strict fee basis which means you have to pay per hour for advice and guidance. Despite the fact that the advice industry is contracting the information and knowledge you require in order to manage your own finances is now widely available to everybody.

Information that was once only available to a few insiders is now available publicly via the Internet. MoneyTrainers has been set up by an ex industry professional in order to ensure that you can get access to the right information to be able to manage and plan your finances by yourself, along with providing the tips and tricks you need to be able to make the most of what you have.

Do it yourself financial planning has never been easier, and importantly by taking control of your own finances and learning about how money really works is now easy – you just need to be aware of a few tricks.

Let’s consider pension planning as a starting point. If you are unlucky enough to have one of the highest charge providers in the market place you could see some 40% of your pension fund disappear in charges over the next ten years. Even with a low charging plan – you could see 15% go, and that’s before you have considered the other downsides to pensions.

1. No access until age 55.
2. Limited choice of investment funds.
3. Myth of Tax Relief.
4. High charges.

These are just a few of the downsides.

No matter what financial product you choose to invest in there is an entire industry waiting to rip you off. Which is why this training is so valuable.

MoneyTrainers – teaches ordinary people to do extra ordinary things with their finances.

For your Free Online – Money Course send me your details below.




Truths About Financial Planning

[popup-beast id=”5″]LOGO_MT

 

 

 

After twenty six years of managing a successful  financial advisory practice  I found myself in a precarious financial position.

My wife was diagnosed with breast cancer  and  I didn’t work for three years to care for her and my two  teenagers (12 and 13) I then ended up with Labyrinthitus   which ruined my inner ear – I could not work for another two years.

As a financial specialist I had of course done everything  the right way  or so  I thought.

I had a mortgage, pensions and some savings. but after a few years I was on my last few quid  when  I started to realise that what I had been taught to do, what my training and skills allowed to  me to advise others on was hopelessly out of date and no longer fit for purpose, yet the industry was still selling the same story.

The financial services industry and the regulatory advice system had worked against me and I was an insider, ordinary consumers had no chance.

Much of what  I had been trained to do was at least twenty years out of date. So I started to formulate my own financial guidance and success plan.

I now teach what I have learned over the the past four years,  simplified and condensed into some short lessons – and the financial services industry is not happy.

  • I will show you how you are being stitched up by the Pension Providers.
  • I will show you how independent financial advisers continue to steal money from you.
  • I will show you how regulated investments work against you.

All of which can be proven with simple maths and little online research, the evidence for what  I teach is everywhere.

The information that was once held by a few is now accessible to everyone  – it’s called the internet, you just need to know where to look. The investment success stories you hear about can be yours with a little financial information – e.g Why rich people don’t bother with pensions? There is a good reason for it.

Let me show you what I have discovered and give you the information you need to be able radically improve your financial well being for good. There is no charge  –  it’s on me.

The Information Contained In This FREE Training  Has The Power To Transform Financial Life Even If You Have No Money At The Moment.

It is spread over four weeks and will change your finances for ever, I promise.

Send me your details below and  I will get this information to you. Don’t worry I will never share your details.

 
For your Free Online – Money Course send me your details below.




Money Trainers




Money Trainers – Telling The Truth About Financial Planning

After twenty six years of managing a successful  financial advisory practice  I found myself in a precarious financial position.

  • My wife was diagnosed with breast cancer  – I did not work for three years to care for her and my two  children.
  • I then ended up with Labyrinthitus which ruined my inner ear – I could not work for another two years.

Everything I had learned, and was qualified to do was wrong.  I had a mortgage, pensions and some savings.

The financial services industry and the regulatory system had worked against me, much of what  I had been trained to do was at least ten years out of date – I know teach what I have learned over the the past three years and the financial services industry is not happy.

Let me show you what I have discovered and give you the information you need to be able radically improve your financial well being for good. No charge it's on me. 

Send me your details below and  I will get this information to you. Don't worry I will never share your details.

For your Free Online – Money Course send me your details below.