The Manse Capital team are getting in their driving range sessions and polishing their clubs as we embark on our 2018 charity golf day on Thursday 13th September at Horsforth Gold Club. We are proud to be supporting the Leeds Community Foundation and look forward to seeing all those who will be joining us!
There’s a lot written about inheritance tax (IHT) planning and much of it is useful and reasonable. There are clever schemes that involve gifting money, investing in particular share classes that qualify for certain reliefs, complicated products from life companies, and a plethora of different trust arrangements available directly from Solicitors. However, although these schemes work, before you engage in them you should firstly consider more simple solutions, some of which I have set out below.
In Part 1 we looked at the impact of time and quantum in building savings and investments to best equip you for life’s journey and to ensure you combine liquidity with returns in excess of inflation, to ensure you maintain buying power. In Part 2 we are looking at how to best use capital markets to give you the returns you need to maximise the chance of living life as you want to, at a level of risk that will not keep you awake at night.
You may have heard of financial firms and individuals being Chartered and wondered what it means. A Chartered professional, in any field, can be described as ‘someone who has gained a specific level of skill or competence in a particular field of work, recognised by the award of a formal credential from a professional body’.
Earlier this month I was musing on the wider world of social media and commentary. Although I am pretty inconsistent with it, it occurred to me that some of you may not follow Twitter or Facebook, so you may not even know or have access to some of the smart and conversely, garbled thinking that is out there in the ether. Now I know some of you may think that Manse Capital is the last word when it comes to all things about living the life you want to lead, but we are part of a developing and growing community…
Over the course of this quarter we aim to help you understand why you might want to invest, where returns come from and the dangers you need to be looking out for. Part 1 covers the difference between saving and investing, and some ground rules to help guide you through the maze of money management.
It is often the case that advisers, brokers, fund managers and their clients do not fully understand the degree of risk they are taking, particularly following sustained periods of benign market conditions, such as those we are currently experiencing. With that in mind, I thought I’d provide you with a timely piece of poetry.