7th SEMINAR VACCINATION, POLYCLONAL AND MONOCLINAL ANTIBODIES.
Seminar 7th oct 2011 (final)
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Transcript of Seminar 7th oct 2011 (final)
Why are we bothering? • It puts me on the spot!
• These are ‘’interesting times’’
• This is what we do
• When did you last hear from your existing adviser?
DWC versus Index Linked Gilts
• Continuing opportunities derived from emerging markets
•UK stock market not expensive (but is it cheap?)
• Likelihood of higher inflation
Last time we highlighted....
3 LONG TERM investment themes
Emerging consumer arrived alreadyImpact is global
• Biggest takeaway in China?
• Where did BMW increase sales by 80%?
Last 10 years:
• US stock market + 27%• UK stock market + 62%• M&G Global Basics +249%
Nestle, Heinz, Unilever, Lonmin, Newmont, Chevron, Colgate, Miracle Gro, Starbucks, KFC
Emerging consumer arrived alreadyImpact is global
Emerging consumer The future?
• Not the beginning of trend...
• Last year, more cars sold in China than US• 700 cars per 1000 people in US
• 10 cars per 1000 people in China
• THINK ABOUT IT...
• For example:
• Upward trend in a broad band
• You could just be unlucky!
How markets make progress
Shorter term issues.....
•Greece/Eurozone
• US in a pickle
• China tentative transition
Why Greece matters
• Assume orderly default• But ongoing concerns• Will Eurozone survive intact?• Debt is global problem• US/UK/EU on verge of new recession
THE WAY WE WERE
Bulk of population:
• Peak earnings• Peak consuming power• Peak taxpayers
Interest rates fallingEasy debt Growing confidence all roundGrowing government confidence
• That was 1980-2005
THE WAY IT IS, AND THE WAY IT WILL BE
Growing proportion of population:
• Past peak earnings• Past peak consuming power• Paying less tax Interest rates?No one wants debt Falling confidence Growing government indecision, promises withdrawn THAT IS 2005-2030
• Fidelity Moneybuilder Income + 3.7%
•M&G Corporate Bond +5.4%
Performance figures are for the last 6 months
• Insight Absolute Insight -0.6%
• Standard Life GARS +0.1%
• FTSE 100 -10%
Investments that work now
DWC +86% Stock market +44% St’broker +45%
How we performed
Timing – Tough problem, straightforward answer
• Opportunities, such as emerging markets• Also income, 5%+, with income and capital growth• Drip-feed through Wealth Management Platform• Automatically, every month, 12 or 24 months
You need a plan
• Bad planning• Poor investments
• Your objective• Your attitude to risk• Best possible funds• Continually monitored
Have a plan – Don’t panic
However uncomfortable it may feel