2018 was a much more volatile year than its predecessor for investors as Brexit and Trump worried the markets. 2018 was a very different year for investors from 2017. During that year, the share markets generally produced positive returns with very little volatility. Both years had their fair share of dramas, with Brexit and Donald Trump sources of concern across the 24 months. However, whereas in 2017 stock markets seemed relatively unphased by events, the opposite was true in 2018. In sterling terms, the MSCI World Index was down 4.9%, much less than the main UK indices. However, this hides two factors:
The Financial Conduct Authority (FCA) is warning consumers about investment scams that purport to invest in crypto-currencies. The watchdog has seen a rising number of cases, with fraudsters often advertising on social media, claiming celebrities have made significant sums investing in digital currencies, such as Bitcoin and Ether. Consumers should be wary of such claims…..
It pays to be aware of your credit history to ensure no-one is applying for loans or credit cards in your name. The three main credit reference agencies (CRAs) are Experian, Equifax and TransUnion. All will provide consumers with a copy of their credit report and you can apply online. Lenders will use the information in these reports to determine whether or not to grant credit – and potentially what rate of interest will apply. Your credit report will probably go back at least six years and include:
A new report has found that people who receive financial advice are on average £40,000 better off than those who don’t. Research, in the form of a report called ‘The Value of Financial Advice’ was published by the International Longevity Centre and the pension provider Royal London and found that those who received financial advice between 2001 and 2007 accumulated significantly more liquid financial assets and pension wealth than those who didn’t by 2012 to 2014….