This is a great answer to the question … what’s your number?

As Rob puts so well, a precise answer could imply a huge lack of imagination about what where your imagination might take you in future

Sure, we’re not all working just to accumulate the biggest pile of cash, but…

A must read for every financial planner imo.

🔥

Got £1,000,000 ?

The government will pay you £62,000 to borrow it for 12 months

Down £7m 😱

Check out this 7 bedroom detached house for sale on Rightmove rightmove.co.uk/properties/122…

The nearer the amount of the new statement gets to the personal allowance, the less attractive personal pensions are to basic rate taxpayers

Gordon Brown as chancellor : No more boom and bust

Rachel Reeves as chancellor : Just boom

My favourite thing about this chart?

You have to squint to find Black Monday in 1987

My favorite Morgan Housel tweet:

The keys to winning in the asset allocation 'arena'.

1) You aren't a warrior slaying markets. You are a saver taking what the market Gods give you.

2) Control what you can control. This includes taxes, fees, allocation and behavior.

3) Rebalance, reinvest, stay disciplined.

This is the single best financial advice I can give anyone. Spend far less time playing with your asset allocation and far more time developing skills so you can optimize your income (which fuels your savings allocation).

Just some perspective on how long of a correction we've been in compared to every other correction since 2012

For most of the funds we recommend to clients, we expect them to be SECOND quartile performers.

Why?

Because a fund that might take the risks needed to be top quartile, also risks being bottom quartile too.

However a portfolio of funds, that consistently (boringly?) perform in…

Inevitable?
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Goldman Sachs explores investment adviser sale in retreat from mass market ft.com/content/5286af…

This is a great tool Nick has built. US data, but principles apply to the UK too.

Comparing the nominal and real returns side by side is very important

Especially in these days of social media when you see things like 'just save £100 a month and you'll retire a millionaire'…

This is mesmerising 💅🏻

In a story that should help people to understand the difference between income and capital gains, and therefore how each is taxed, sadly manages to confuse the matter by the second paragraph

'forces people in employment to pay much higher rates of tax than those who benefit…

62.7% of people dont understand what the word sustainable means

Nothing that permanently ratchets up is ultimately sustainable

Maths and psychology ✅✅

Bodes well for the financial planning profession