What caught my eye this week. Some good news for investment trust fans this week, as the Financial Times reports: The UK government has exempted investment trusts from onerous cost disclosures in a move analysts believe will boost the £260bn industry and could support trusts’ share prices. In a joint statement this week, the government [...]
2024
A few years ago I wrote about market efficiency and investing edge – and about how you don’t have it. But let’s dig deeper into why this is true. You often hear from retail punters and professional investors alike that passive (or index) investing makes markets less efficient. Their argument is that this inefficiency is [...]
Everyone will face spending shocks in retirement – and our model portfolio has just hit its first bout of unexpected turbulence
What caught my eye this week. Recent weeks have seen us debate whether you should sell ahead of – what’s still only rumoured – capital gains tax rises. But as St. Charlie liked to remind us: invert, always invert! To wit: tax-motivated sellers might create opportunities for bargain-hunting buyers. Of course every tax-fearing seller must [...]