Since the start of 2021, as a new venture, I have been producing a wide range of premium content for the Money Makers website I
The fourth edition of my annual publication The Investment Trusts Handbook is out in December 2021. The 300-page book includes a series of new articles
Publication of the latest edition of the Investment Trusts Handbook has given me an excuse to update the model investment trust portfolio I started when the first edition was being planned three years ago. The seed capital of £100,000 has grown since January 2017 to £152,500 on 25 November this year, including retained dividend income. The portfolio now consists of 12 investment trusts, up from 10 at the outset, mainly run by longstanding fund managers and widely considered to be among the best in their class. In keeping with the philosophy of my favourite investment mentors, the portfolio is designed to be managed with minimal turnover and this year, apart from recycling the dividend income, I have made only a couple of changes. That follows a move to de-risk the portfolio somewhat in the middle of 2018, which proved to be timely when the stock market fell sharply in the final quarter of 2018. I will be giving regular updates on this and two other portfolios I monitor in 2020. More details shortly on the Money Makers website.
The current sell-off in the US stock market has been both dramatic and exceptional by historical standards, with the pre-Christmas declines making this the worst
Gerald Kaye, the subject of my latest Property Chronicle interview, is a 20-year veteran at Helical plc (formerly Helical Bar) and has been CEO since July 2016. His office overlooks Hanover Square, which today still looks like a bombsite, thanks to the ongoing Crossrail construction work. Were it not for the construction site, however, he could look directly across the square at the Knight Frank office where he started work in the property business some 40 years ago. What drew him to a career in property, I start by asking? “I suppose I got into the property business because I was brought up in lovely countryside and my mother’s cousin was a land agent. I thought it sounded like a good way of life”.
If you are interested in gold, and the future of currencies generally, you should be interested in my latest Money Makers podcast, which features a 45-minute conversation with ex-HSBC fund manager Charlie Morris on all aspects of gold – how to think about it? Is it good value now? How should you go about buying the metal? Are gold stocks a good place to be? How much gold should you have in your portfolio? All these topics are covered in the podcast. What I like about Charlie’s approach is his disciplined, no-nonsense approach to analysing gold; he is not a gold bug, but someone who recognises that gold can be cheap or overvalued, just like any other asset. After 15 years running multi-asset portfolios for HSBC, Charlie now does the same for a private wealth management business, Netscape Capital, and writes a free must-read monthly newsletter about gold and crypto-currencies called Atlas Pulse. You can hear the podcast on the Money Makers website.