As I am sure you will have noticed over the last week or so we have seen some huge volatility and movement in financial markets. With this in mind I thought that you might like to hear my views and thoughts on what is happening.
We are hearing a huge amount on the news at the moment on the impact that Coronoavirus is having on global markets, now I am not going to dismiss this as undoubtedly Cornoavirus is the primary cause of the current market volatility, the markets certainly do not like any form of uncertainty and until this is resolved one way or the other we are likely to see days with both significant falls and rises in Global markets.
I would however argue that not all industries and locations are actually affected by Coronavirus at all. Certainly Chinese productivity has been affected and worldwide travel and tourism will continue to be affected for sometime to come but the actual biggest impact comes, in my opinion, from the constant media hype which encourages individuals to speculate on the markets. This is a bigger cause of volatility than the actual issue itself.
Protection! When you read that word what comes to your mind? Car insurance/door security/pet insurance/ contraceptives?
For me when I think about protection I think of life and critical illness insurance for two reasons
I have personally had a successful critical illness claim
I work in an industry where protection means protecting your lifestyle and your home
People from a certain generation remember the ‘insurance man’ knocking at the door. I remember this from when my Mam used to pay him weekly and I remember she kept all of the insurance books together. Everything was explained in person so people felt they knew what they were paying for when we talked about insurance.
Christmas is over and done with for another year and the tree has been taken down in the Bloomfield Household. It was a lovely Christmas seeing the children open their presents and get excited at all the lovely new toys they had received.
The shopping was predominantly done by me this year and to be honest I could not tell you the exact figure of how much we spent on the kids, each other, family members, even though we did agree a budget. Then you have to take into consideration the extra food we bought as well as extra Christmas decorations, gift wrap etc the list could go on! The fact that I didn’t know what I had spent scares me a little and this left me with one question,
What is/was the average amount spent for Christmas 2019?
For a little while now we have been offering our pension and investment clients who have an ongoing support package from us a cash management service, whereby we advise on how to structure cash savings to get the best possible return on those savings.We have also made it available to those who do not have an ongoing package at a fixed cost.
We are aware however that many people who do not need/want the full service would find it useful to receive a regular update on the best rates available so once a week on a Friday we will send out an email with a PDF attachment that lists the best available interest rates in the mainstream categories.
The list will contain the top 5 accounts for Instant access and 1,2,3,4,5 year term accounts in the following categories;