Some articles by Dominic

Forecasting the investment weather

Dominic, August 3rd, 2018

August in the UK is a time when many exhausted, post-exam families pack up their cars and head for places like Devon and Cornwall for their summer holidays, heads full of memories of halcyon days spent camping, surfing and playing cricket on the beach. Their expectation of sunny days and warm nights is often quickly shattered as the Atlantic gales blow in and rain lashes on canvas, and sunny beaches are swapped for overcrowded cafes, with steamed-up windows!

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Quarterly investment report July 2018

Dominic, July 12th, 2018

The aim of this report is to demonstrate how the performance of EWM investment portfolios compares to that of other investment management groups. To do this we use Asset Risk Consultants (ARC) Private Client Indices.

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Some thoughts on bonds…

Dominic, June 11th, 2018

Challenging times In response to the very low yield on bonds, some investors have been tempted to chase higher yielding bonds, in an attempt to squeeze some return out of what feels like an unproductive portfolio allocation. This is, unfortunately, an accident waiting to happen. The phrase ‘picking up pennies in front of a steamroller’ comes to mind. Others are asking whether they should be holding cash as bond yields are ‘inevitably’ going to rise, denting bond returns, at least in the short term. Neither approach makes much sense. ‘You don’t need bonds, until you(...) Read more...

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Gifting your house

Dominic, May 30th, 2018

Inheritance tax (IHT) allowances have failed to keep pace with house prices and many more people now have to consider the IHT burden they leave to their beneficiaries.

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Expert Wealth Organogram

Dominic, March 28th, 2018

We are delighted to bring you an Organogram displaying the structure of the staff that work here at Expert Wealth Management. This follows on from a point raised at our most recent Client Advisory Board, that knowing a little more about our organisational structure might be beneficial to our clients.

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What Should Investors Make of Bitcoin Mania?

Dominic, January 30th, 2018

Bitcoin and other cryptocurrencies are receiving intense media coverage, prompting many investors to wonder whether these new types of electronic money deserve a place in their portfolios. Cryptocurrencies such as bitcoin emerged only in the past decade. Unlike traditional money, no paper notes or metal coins are involved. No central bank issues the currency, and no regulator or nation state stands behind it.

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Pack up your troubles in your old kit bag & smile…

Dominic, December 4th, 2017

The world today feels like a troubled place, with populism on the rise, Donald Trump in the White House, Kim Jong-un with his finger on a nuclear button, the looming Brexit cliff edge and the prospect of higher, even punitive, taxation of a Marxist-inspired Chancellor-in-waiting. We risk getting things out of perspective; it has always been thus.

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Being In It For The Long Haul…

Dominic, October 3rd, 2017

As we prepare for our Investment Committee meeting on the 21st February, we thought it would be a great time to talk about the importance of a measured approach to portfolio management. For investors who adopt a systematic buy-hold-rebalance approach to investing, it can be tempting to question why the portfolio seems to be largely unchanged from one period to the next and what the firm is doing for its fee. That would be unfair. Wear a risk manager’s hat, not a performance manager’s hat A good place to start is to look at the(...) Read more...

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All that glistens…

Dominic, August 4th, 2017

Gold has always held a certain appeal for humans. Its lustre, due to a lack of oxidation, makes it pleasing to look at and to handle. Yet, it is simply a lump of metal that generates no income and will only be worth what someone else wants to pay for it at any point in time. Given the lack of cash flow, common valuation models are not useful. Warren Buffett is not a big fan: “Gold gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury(...) Read more...

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How Much Money Can You Gift without Tax?

Dominic, July 1st, 2017

We answer the question of how much money can you gift without tax and offer our top-level advice for inheritance tax planning. See also: Our Comprehensive Guide to Inheritance Tax Planning Trust Planning & Gifting: An Overview What Is a Trustee? The Roles and Duties Explained Ever-rising property prices are leaving more of us subject to inheritance tax. With the current threshold of £325,000 and the average UK house price at £232,000 (significantly more in the south of England), it clearly doesn’t take much to land your children with an inheritance tax bill to meet(...) Read more...

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How deep is your risk?

Dominic, June 6th, 2017

All investors know that they need to take risks in order to achieve returns higher than cash. If you asked ten investors if equities were more risky than cash, most would agree; but that depends on how one understands risk. The investment industry has done a poor job of explaining risk as it relates to an investor and tends to equate risk with return volatility. William Bernstein – a neurosurgeon-turned-adviser and prolific investment writer – wrote a great, short booklet on risk, where he explained the different risks that equity investors face, as follows: ‘Risk,(...) Read more...

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These foolish things…

Dominic, April 26th, 2017

As investors, we have to contend not only with the erratic and unpredictable nature of markets but also the erratic and irrational way in which we think and behave. ‘‘If I have learned anything in my 52 years in this marvellous field, it is that, for a given individual or institution, the emotions of investing have destroyed far more potential investment returns than the economics of investing have ever dreamed of destroying.” John C. Bogle, founder of the Vanguard Group All investors have the best of intentions when making decisions (why would you not?) but(...) Read more...

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Pension Investments: The Rules and Regulations Explained

Dominic, February 3rd, 2017

The security of a state pension can tempt many people into putting off personal pension investments. But the sooner you start saving, the better off you will be when the time comes to retire. This will enable you to enjoy your retirement with friends and family and save for essential outgoings like paying for your care home.   The prospect of looking into the rules and regulations of pension investment can be daunting for some, so it’s useful to have a breakdown of what you need to know. You don’t need to be a financial(...) Read more...

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What is Annuity? And How does it Work?

Dominic, January 4th, 2017

What is annuity: getting the most from your life savings What is annuity? We all know we should save a pension when we can work so that we can afford to live comfortably when we don’t. It’s generally understood that we each have a pot, amassed over the course of our working lives, from which we will one day draw out our pension, but how exactly does this work? How does our pension pot know how long we’ll live once we retire? And what happens when the money runs out? The answer is that your(...) Read more...

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Supporting Base 33 This Christmas

Dominic, December 16th, 2016

Base 33 works with vulnerable and disadvantaged young people in Witney and West Oxfordshire. They support young people with a wide range of issues for as long as they need help focussing on drug use, homelessness and unemployment with mentoring, training and emotional support.

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A Comprehensive Guide to Funding for Care Homes

Dominic, November 22nd, 2016

Funding for care homes can be a sensitive issue. While many people dream of a wonderful retirement on the high-seas as the cruise liner sails into the setting sun, spending their time sunbathing on a Mediterranean beach, or playing as many rounds of golf as they can cram into the day, the unfortunate truth is that for those retiring now, many will experience at least a decade of poor health and infirmity. As life expectancy increases, which few would deny is a good thing, our longer lives bring with them chronic conditions that we might(...) Read more...

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The US election: the one thing we can be sure about is uncertainty

Dominic, November 7th, 2016

The referendum on Scottish independence, Grexit, China’s slowdown and most recently Brexit, have come and gone, in market terms, with most investors sitting on healthy increases in their portfolios since 2014, despite uncertainty at the time. However, it is not a bad thing to revisit the robust rationale for the structure of our client portfolios, particularly at such a time.

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Patience is a virtue, so is being an investment tortoise

Dominic, November 1st, 2016

Aesop’s fable about the tortoise beating the hare provides a good analogy for investing. The trouble with investing is market noise.  Investors generally know that with time they are likely to pick up a premium for owning equities relative to holding cash or bonds.  Most investors know that time helps to turn bad short-term market outcomes into positive long-term outcomes.  Most investors know that it is costly to buy and sell investments, incurring tax and transaction costs.  Yet for all this evidence-based insight, investors still get spooked by the noise and uncertainty that they face(...) Read more...

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So it is ‘leave’…

Dominic, June 26th, 2016

The UK woke on Friday the 24th June to a vote to leave the EU, the Prime Minister is set to leave office in October and the markets are suffering a bout of jitters.  We all knew that these were possibilities.  To some this is a good day, to others it is not.  But we are where we are and we need to look forward to where we go from here. We should not, however, lose sight of the fact that what we have witnessed is a long-standing, robust and stable democracy at work with both(...) Read more...

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The outcome of the referendum & your portfolio

Dominic, June 9th, 2016

The market risks may seem material, but they are mitigated by the ownership of robustly structured, well-diversified portfolios. The key is to stay calm in the face of market uncertainty.

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