Don’t do this when investment markets get choppy
Oh Theresa, what have you been doing?!
Brexit is all anyone is talking about at the moment, with the Brexit induced uncertainty prompting another bout of investment and currency market volatility.
It’s only likely to get worse before it gets better. So in this episode, how to navigate volatile investment markets – I’m talking about our approach to investing money when things get rough.
Listen to this one if you’re a nervous investor, or you need a bit of reassurance around what’s been happening, and what could happen next, to your investment portfolio.
Is she still Prime Minister? Yes? Good, let’s keep going then.
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Personal finance news
-A key measure of the UK housing market has fallen to a six-year low, as a result of Brexit uncertainty. The latest house price balance from the Royal Institution of Chartered Surveyors fell to -11 in November, down from -10 in October.
-The European Central Bank has kept interest rates on hold at its latest Governing Council meeting. Interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively.
-New legislation, powers and tools to tackle corruption in the UK have been heralded in a new report, which comes just days after an international watchdog gave the UK top marks for its response to dirty money. Among the achievements across the past 12 months listed in a cross-government review of the Anti-Corruption Strategy was the Criminal Finances Act – which saw the first use of new powers.
-The Financial Conduct Authority (FCA) has proposed changes to further enable retail investors to invest in patient capital through unit-linked funds. The FCA is also exploring how UK authorised funds can be used to invest in patient capital.
-New research from Churchill Home Insurance has found almost 2.5 million ‘children’ have returned to live in their parents’ home with their partner in tow. A quarter of these couples have moved back in to the family home to save money for a house deposit, whilst 12 per cent did so after graduating from University and a further 12 per cent returned home because they could no longer afford their rent.
