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April 2010, Welcome to the second of our e-newsletters. When we sent the first of these newsletters back in the summer things were still very unsettled in the financial markets but there were some glimmers of light at the end of the tunnel. We are now looking at things five months on and the changes have been both positive and dramatic. At the end of June the FTSE 100 stood at around 4,250 and now stands at around the 5,250 mark, this represents a rise of approximately 23.5% in only five months. Since March we have seen one of the most dramatic stockmarket rallies in history. In addition to this sentiment appears to be far more positive and there has also been more positive news concerning other asset classes such as residential and commercial property. The big question is will this rally continue and become a more sustained ‘bull’ run or will we see a correction in the coming months. Personally I feel that the market over corrected after the banking crisis in October and it was natural for it to bounce back once global financial disaster was averted. What everything hinges on now is the global economy coming out of recession and staying there. If this happens over the coming months then this should be positive for most asset classes over the medium term. Although I am sure that there will still be some ‘blips’ along the way like the recent Dubai debt crisis this week. As I said in my last introduction will are living in unusual times and therefore with that as a backdrop it remains important to regularly review your objectives and the vehicles you have in place to achieve those objectives. If therefore you haven’t seen me for a while and would like to review your planning then please get in touch with Marie or Jenny in order to arrange a review. Also if you have any comments or questions regarding any of the articles below, or just in general, please do not hesitate to get in touch. You can do this by clicking the link above or using the contact details below. All that remains is for me to wish you an enjoyable Festive Season and I hope to see you in 2010. Yours sincerely, Keith Tadhunter Dip PFS Director futurefinancial
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© FutureFinancial This publication represents our understanding of law and Inland Revenue practice as at the date of publication. It does not provide individual tailored investment advice and is for guidance only. Rules may vary for Scotland and Northern Ireland. We cannot assume legal liability for any errors or omissions it might contain. Levels and bases of, and reliefs from taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. The value of land and buildings is generally a matter of a valuer’s opinion rather than fact. The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. If you withdraw from an investment in the early years, you may not get the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Your home may be repossessed if you do not keep up repayments on your mortgage. Loans are subject to status and written details are available on request. Always seek independent advice from a qualified financial adviser. Think carefully before securing other debts against your home. Fees for mortgage advice maybe charged and for details of these please contact us. The Financial Services Authority does not regulate all the activities undertaken by the company, including taxation advice and overseas mortgages. |
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