"Google has just launched its first smartphone"
My Nexus phones disagree with you.
Oh no! I was told that Merc and BMW drivers had special permission to use the outside lane, and to hound anyone else found there. Apparently it's in the special part of their handbook marked "Secrets to Mercedes and BMW driving" Apparenly they also have special software and tyres that, apart from cheating on pollution, allows them to drive at high speed through heavy rain, when mere mortals and drivers of other cars were trying to avoid aquaplaning; and their windscreens have a special coating that allows them to see through fog and so drive hell for leather like a plan landing on autopilot when everyone else is just praying it will lift before they get rammed from behind. So, it's really not true?
Take a look at the investing intentions of some of the Japanese life co's including Japan post bank and the conclusion that I come to is that the yen has a lot to lose in a world of rising rates what with Japanese institutions starved of yield the only real option they have is to look abroad!!
This is important as you have to ask can the Bank of Japan control yields in a world of rising yields and if they can what will the impact be on the yen!.
The Yen essentially has no anchor.
True, perhaps because cognitive biases encourage us to focus on the cases that support the hypothesis that the rich are talented grafters and the poor lame-brained shirkers, while the counterfactuals go largely unnoticed.
" the importance of luck"
Alas, on the flip side, people actually believe that someone richer than themselves works harder and has greater ability than themselves. This means people accept polarisation of wealth.
As one bond fund manager tells Bloomberg: “Central banks, after a long period of disinflation, are going to tolerate higher inflation. That is not good news for long-dated bonds.” Again and again, it's good for my gold
Studies have shown the wealthy tend to overestimate the contribution of ability and hard work to their success and underestimate the importance of luck and demographic and biographical factors. Perhaps they approach driving in the same way? When they're trapped in their Mercedes behind low-moving old bangers they may perceive themselves as great drivers rather than the fortunate owners of superbly-engineered vehicles and might see those blocking them as dawdlers and ditherers, not realising those vehicles have inferior performance, grip, brakes and even headlights, all of which affect drivers' assessment of safe speed.
As a driver of a stereotypically 'assertive' car - BMW 5-Series - I find it refreshing occasionally to drive low-tech vehicles, to remind myself how the world feels to some of the motorists with whom I share the road. Those of us lucky enough to be 'winners' in the net worth stakes should find ways of, occasionally, sitting behind the samemetaphorical steering wheels as our less fortunate fellow citizens.
Yes, that's exactly right. Also, if you have additional capital to invest it would be even better to re-balance by simply only investing in the asset that you now have less of. Then you save on transaction costs.
Another perfect outcome of QEs and negative interest rates ...
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Inflation, protectionism, populism, excellent for my gold !
It is indeed a good time to invest in precious metals and minerals now. Since the trend is that investments in energy resources and metals aren’t doing well when other sectors are, it is safe to say that now is the ripest time to put your bet on precious metals and minerals, given that the other sectors are playing poorly in the stock market.
Who paid McKinsey for that sentence?
Well done mr Lynn, you really understand small businesses and the challenges that we face, if the government was to implement these simple changes, then small business will again have the ambitions to grow, and succeed, living standards would go up!
Just do a search and you will find that MW, and particularly Merryn, have been predicting a London property crash and preaching against BTL landlords (which probably includes a lot of amateur Money Week readers) since 2008. In that time, there has been massive capital growth and until recently, strong rental returns, in a climate of low interest rates. I am sympathetic to the moral case against high property prices, high rents and huge consumer borrowing filled by state monetary policy but in terms of investment advice MW have got it completely wrong on property over that period - as Merryn accepted in a recent podcast. The fact that the situation is now changing doesn't alter that.
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War is probably the only time the UK government gives two hoots about manufacturing...
How were they WRONG? Don't remember them being that anti-BTL. In any case BTL is a product of loose monetary policy and politics never caught up. It is catching up now so being anti-BTL is the right position.
These cash levels average only about 5%, don't they? I think you should have given the figure rather than referring sensationally to "cash-stuffed mattresses" but that's typical of Moneyweek.
I loaded up on Referendum day after reading an interesting email from the Daily Reckoning which said the odds were wrong and Leave would win. I didn't fancy a bet but thought gold and silver had so little downside it was worth a big investment.
Gold going from $20 in the 1960s to somewhere around $1900 in 2011 and no one was running around crazy. Think about it.
With silver it could do something like that but on a moment's notice. Just my opinion.
I know what you mean , just checking if that was suppose to be 100.00 . I think if we see 1000.00 silver people will be shooting each other it the face to feed their starving children and the price of silver will be very unimportant
Yeah. There is less silver for investment than gold and all that currency in stocks and such needs a place to go when the whole system collapses.
Since the silver market is so small a rush of investment into it can propel this market a lot better than it can gold. Actually $1000 an ounce on silver is the low end. I am expecting even more.
That is what I mean by not eating so much currency up on an ounce of platinum.
That's great and all but I think silver is going to be the huge winner after all this is said and done and at near only $20 a pop I can hold off on the platinum until silver gets over $1000 an ounce.
Platinum is a great metal but you have grossly undervalued silver here so cheap it should be a crime.
I read the article on Rick's site a few days ago and it does give food for thought.
I think until the US election is over it is best to stay in cash from my POV. If Trump shocks and wins we could see a dozy of a sell off in stocks around the world.
With this level of attention to detail no wonder Deutsche Bank are in trouble.
Yes the americans selling pressure of pressure metals is running out of steam...especially for platinum
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Fuelcells is something to consider as well. Japan is going full out for fuelcells ,not only for cars but also for powerstations insteed of nuclear.and they need platinum. Maybe fuelcells insteed of batterycars.
Apple is a fantastic brand that makes excellent products. But if it’s not careful, says John Stepek, it could turn into the Marks & Spencer of the tech world.
The post Are Apple’s best days behind it? was first published on MoneyWeek.
With inflation on the horizon, holders of long-term bonds could be badly stung by “duration risk”. John Stepek explains what that is, and why it might be time to sell.
The post Do you own long-term bonds? You might want to think about selling was first published on MoneyWeek.
The meanest people on the roads tend to drive luxury cars. That’s not a coincidence. The richer you get, the less empathy you demonstrate.
The post Why driving a Mercedes makes you mean was first published on MoneyWeek.
The Wizard of Oz can be viewed as a populist political allegory born out of the hardships of two very similar periods of economic upheaval. Things aren’t so different now.
The post Populism, The Wizard of Oz, and the return of inflation was first published on MoneyWeek.
A clever bank meets an unsophisticated customer with a huge pile of cash. The customer and the cash part company. Did the bank do anything wrong? Simon Wilson investigates.
The post Libya versus Goldman Sachs was first published on MoneyWeek.
Big companies are pouring billions into tech funds. It would be better to pay that out as dividends and let shareholders invest it how they want, says Matthew Lynn.
The post Too much money is pouring into tech funds was first published on MoneyWeek.
The case against Guy Wildenstein, head of the famous French family of art collectors, entered the final stretch in Paris this week.
The post Hiding art from the taxman was first published on MoneyWeek.
From a former mill house in Dunbar, East Lothian, to a top-floor apartment in a mansion block close to London’s Bishops Park.
The post Properties for £800,000 on the market was first published on MoneyWeek.
The international art market has been in the doldrums. Could it be about to pick up, asks Chris Carter.
The post What the art market tells us about stocks was first published on MoneyWeek.
Aeon is a measured wine with equal parts brutish warrior and debonair charmer.
The post A debonair charmer of a wine was first published on MoneyWeek.
Bodyguard Mark Billingham isn't fazed by celebrity.
The post Bodyguard to the stars was first published on MoneyWeek.
Put yourself in the big, quilted leather seats of the Audi S8 Plus, and unwind with the built-in massage feature.
The post Audi S8 Plus: the best of the big barges was first published on MoneyWeek.
Thailand faces an uncertain future with Crown Prince Maha Vajiralongkorn heading for the throne.
The post Maha Vajiralongkorn: ruthless playboy takes the Thai throne was first published on MoneyWeek.
Walter Schloss focused on companies that were selling below what he considered to be the value of their net assets.
The post Walter Schloss: the world’s greatest investors was first published on MoneyWeek.
Chris Carter looks at three of the more unusual places to take your annual skiing holiday this year.
The post Skiing off the beaten track was first published on MoneyWeek.
Boring can be better when it comes to stock picking. Professional investor Nitin Bajaj tips three such stocks to buy now.
The post Reassuringly boring stocks to tuck away was first published on MoneyWeek.
Blue Prism provides software-based “virtual workforces” to companies. Its share price has risen by more than 160% since listing.
The post If only you’d invested in: Blue Prism and Entu was first published on MoneyWeek.
Leaving behind their chocolate empire was never an option for Hotel Chocolat founders Angus Thirlwell and Peter Harris.
The post Money makers: An empire built on chocolate was first published on MoneyWeek.
International Property Securities Exchange will enable owners of individual commercial properties to float their buildings on a regulated market.
The post How to buy a share of your office was first published on MoneyWeek.
Sarah Moore looks at what you need to consider when buying a ski chalet.
The post Should you buy a ski chalet? was first published on MoneyWeek.
Hundreds of thousands of public-sector workers have a five-year window to make additional national insurance contributions.
The post How public-sector workers can boost their pensions was first published on MoneyWeek.
For anyone born after 1961, all bets are now off when it comes to state pensions, says David Prosser.
The post Expect the state to keep you working longer was first published on MoneyWeek.
Anyone planning a return to the UK should think carefully about their tax position, says David Prosser.
The post Coming back to the UK? Tread carefully around tax was first published on MoneyWeek.
Interests rates on high-paying current accounts are coming under pressure. Sarah Moore looks at the options for savers.
The post Is it time to switch current accounts? was first published on MoneyWeek.
Nutmeg, the online investment manager (or “robo-adviser”), has tripled its turnover since 2014, but it is yet to turn a profit. Sarah Moore reports.
The post Heavy lifting still to do for robo-advisers was first published on MoneyWeek.
Virtual currencies in Japan may be about to enter the real world, says Chris Carter.
The post Should Pokémon fiat money get its gold standard? was first published on MoneyWeek.
Many members of collective schemes put their faith in fund managers, watched over by trustees. But is that wise, asks Max King.
The post Can you trust the trustees? was first published on MoneyWeek.
Saudi Arabia’s record-breaking bond sale was the biggest-ever issue of emerging-market debt. We could just have seen the top of the bond market, says John Stepek.
The post Could Saudi Arabia’s massive debt issue mark the top for the bond market? was first published on MoneyWeek.
This week in MoneyWeek magazine: Donald Trump’s legacy could mean the death of the euro; you can’t trust your pension fund trustees; and the insane money pouring into tech funds.
The post How Donald Trump could destroy the euro was first published on MoneyWeek.
Ray Dalio of Bridgewater Associates thinks we’re running out of room to boost growth through monetary policy.
The post Ray Dalio: a big squeeze is on the way was first published on MoneyWeek.