We believe that our clients make the best decisions about money when they understand what is going on. Our intention is to remove some of the mystery surrounding investment and money.
If there is anything specific on which you would like some information, please email us.
Princeton University Professor Burton Malkiel and author of one of the best investment books ever written (A Random Walk Down Wall Street) talks briefly about the basic rules investors should follow for a successful investment experience.
Charles D Ellis, author of Winning the Loser's Game, and member of Yale School of Managements Board of Advisors, talks about some of the principles of investment, how to play a winner's game, and the value of good financial planner in doing so.
If you haven't got a will - Who will get your money?
If you have a will, how effective is it?
Or a trustee? Click here for a summary of trustees' responsibilies.
30th October 2012 - The Retail Distribution Review
UK Financial Services is changing from 31st December 2012, as a result of the Retail Distribution Review (RDR). Here's your guide to the changes and what Navigator is doing about them.
16th April 2012 - Reasons for using a trust
A trust can be a very useful tool in financial planning. Here's a brief document on why you might want to consider using them.
1st September 2011 - Will Trusts
Our thoughts on why will trusts can still be relevant even since the introduction of the transferable Nil Rate Band.
We have published a detailed guide to the various ways in which your money is safeguarded when invested with Navigator Financial Planning. It's not exactly a rivetting read, I must confess, but the reassurance is there if you need it.
The Institute of Financial Planning has published a guide to financial planning, written by my good friend and colleague Jane Wheeler. It's written as a DIY guide, but even if you are a busy person who has neither the time, the inclination, nor the expertise to do your own financial planning, this article gives great insight into some of the basic things Navigator will do on your behalf. The guide has been published as part of Financial Planning Week, which runs 7th to 13th September 2009 to promote financial planning to a wider audience.
The principles in this guide are taken from Jane's excellent book (Sorted! DIY Financial Planning - How to get the life you want) available on Amazon.
Her Majesty's Revenue & Customas (the Inland Revenue, in old money) have just published a guide for people about to retire. It's excellent! (He said, in a surprised tone.) Never let it be said that we don't give credit where it's due.
Proponents of active fund management don't come much bigger than Alan Miller, ex-chief investment office of fund management group New Star. He has set up his own company to focus on - wait for it - asset allocation populated by passive funds. Here's a great quote: "In every single study you see, the average manager underperforms. Very few have have consistent outperformance through their stock selection. You are better off not taking that risk." Still a bit expensive for me, however. Here's the full article.
As you know, we don't give much credit to the ability of so-called experts at stock picking and company analysis. When CNBC's Rick Santelli recently refused to be interviewed by the Daily Show's Jon Stewart, the results would be funny, if the consequences hadn't been so serious. OK, I admit it: the results are funny anyway! Full version (8.5 minutes) Edited version (2 minutes). Enjoy!
Navigator Financial Planning is proud to be a founder-member of Evidence Based Investment Solutions, aka EBIS. This group, which exists to promote the importance of relying on evidence and academic research when investing our clients' money, was formally launched yesterday, and received immediate interest from the press.
2nd September 2008 - Stamp Duty suspended
The Chancellor of the Exchequer has suspended for one year Stamp Duty Land Tax (SDLT) on all residential property purchases up to £175,000. The previous threshold was £125,000.
- The change applies only to residential properties.
- The increased limit applies for purchases between 03/09/2008 and 02/09/2009 inclusive.
As SDLT is not a progressive tax, this could mean a significant saving. If you are considering buying a house at £150,000, this would have have cost you £1,500 in SDLT; tomorrow it will cost you nothing.
The Government have calculated that around half the houses purchased in the UK during the year of relaxation will not be subject to SDLT.
Remember, too, that some council wards in NI are exempt any from SDLT for properties sold at up to £150,000. To check if your area is exempt, click here.
Click for full story.
Some important articles for today's investment climate
Why gold may not be the panacea to all investment ills - excellent article by Weston Wellington.
Some tips on managing money for students - by a recent graduate.
Financial clutter can cost you money.
Why investing based on forecasting is a really bad idea.
A story that illustrates why listening to friends down the pub and so-called "experts" can be a really bad idea, particularly when markets have turned sour.
Words of financial wisdom from Warren Buffett
Inflation can be very nasty - here are some thoughts on managing it
Invest for the long term, not the short term
Trying to time the market can be very costly
Nobody can know for certain which assets will perform well next year, the variables are just too many
After serious downturns, markets can sometimes recover very quickly indeed
Four fundamental principles of investing from one of our investment partners, Vanguard.Is it different this time - a presentation from Dimensional. Weston Wellington delves into his vast library of press clippings to offer perspective on the unpredictability of market movements, how the current market downturn compares to past bear markets, and the resilience markets have historically shown. (Running time: 17:24)
A light-hearted explanation of derivatives.
The Little Book of Common Sense Investing, by John C Bogle
If you invest in stocks at all, put your money in a fund that automatically owns a little bit of every company listed. Over time, it is a sure and almost worry-free way to accumulate wealth. Reviewed by Citywire.
The Ascent of Money, by Niall Ferguson
If you only read one book about money and how it works in all its aspects, this is the one. Explains how money itself developed and its importance in raise of civilisation, trade, commerce, innovation, as well as shares, bonds, property, why they go up and down, and why bubbles always burst in the end. Also a Channel 4 series, this is a brilliant book from one of the world's top historians. Read a synopsis.
Archive of articles
Good fund performance is not repeated, so judging the future by the past is not a good idea
For a given average return, higher volatility means a lower total return, so there is no point in taking more risk than you have to
Trading actively within a portfolio drags performance down
We believe that according the name 'investors' to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a 'romantic'.
Key Investor Information Documents