Will the economy rebound? How quickly? Property? Re-mortgage? Buy stocks? UK ones? US? Pension is shot to pieces. Now what? Good time to save for children? How? In what? My business needs funding – where should I look?
These were just some of the questions I received this week. I will do a live webinar to answer some of them: www.alpeshpatel.com/greattrades and do post daily on my Telegram channel information from all my sources as soon as I get it https://t.me/pipspredator
But here are some quick answers.
A lot money is being pumped into the economy. It lags the stock market. I prefer US stocks – they will continue upwards.
Yes look into remortgaging. If you can lock in low rates for longer. No there will not be any significant interest rate rises in the next 10 years. Yes, I wish I had kept variable rate too.
Pensions are shot because your fund manager has dumped it all in BP, Shell and Tobacco in a fund marked ‘UK Growth’. Watch www.alpeshpatel.com/latest You should learn whats in your pension. Look into a SIPP with brokers like Barclays or Halifax. Avoid funds. Research buying Microsoft.
You need education to build confidence. This is free: www.investing-champions.com
I wrote on my Linkedin that one of the most patriotic things a British person can do is own part of a American company. In the last 5 years some of the big 5 – Facebook, Amazon, Apple, Microsoft, Alphabet have risen 700% whilst the UK FTSE 100 is flat. Little wonder our American cousins get rich and we don’t as easily – or so it always seems.
The last 5 years are no aberration. Check any 5 years since World War 2 and compare UK and UK indices ie FTSE 100 vs Dow.
I know I keep banging on about it, but I want my community’s money to work for them, because I know how hard you work for your money.
Education brings confidence. I hate speculating and gambling. So if I am going to buy a stock or anything, I want to be the cleverest person in the room.
Similarly, do not buy something because a journalist says so. I hold my stocks for 12 months and review. If they fall 25% I exit. Simple. You can complicate, but whenever I show people anything more than that, they start over trading and do not be patient.
Trading is different. It’s what a hedge fund does. You should learn to manage you own money, not think ‘let me give it to someone to manage for me’. No one cares as much as you do about your money.
Alpesh Patel
