THE TECH EFFECT ON US MARKETS

Posted by siteadmin on Monday 10th of August 2020

The tech effect on US markets

US shares have led the markets following the correction that started in February and continued into March.  Here, Omnis’ Chief Investment Officer, Toni Meadows, explains some of the reasons behind this. 

Traditionally, US companies with the cheapest share price but generating the most profit have outperformed those with relatively expensive shares but lower profits. The difference in returns is stark.  As you can see from the chart below, if you’d invested $100 in the cheapest companies in 1963, when records began, it would be worth $131,1...


Market update - a look back at July 2020

Posted by siteadmin on Monday 10th of August 2020

Market Update Look back at July 2020

 

July was a mixed month for global equity markets.  Excluding the United States, most global equity markets fell as increasing coronavirus cases and the consequential economic impact caused uncertainty.

Although coronavirus cases are rising in several US states, particularly in southern states that were initially reluctant to enforce lockdowns or mandate the wearing of masks, equity markets are being buoyed by the results of the large tech companies.

The Dow Jones 30 increased by 2.4% in July but this was surpassed by the tech-heavy Nasd...


Managing mortgage stress – we’re here for you

Posted by siteadmin on Wednesday 8th of July 2020

Managing mortgage stress – we’re here for you

 

Whether you’re a first-time buyer, a second- stepper or further up the housing ladder, buying a home is always a big move and can feel a bit like a roller coaster ride at the best of times. Now there is the added complications and worries that the COVID-19 pandemic may have caused for people’s lives, finances and general wellbeing.

Here are some tips that can help you navigate the home moving process as smoothly as possible.

Smooth sailing

Taking advice will save you time, money and stress. We are on your side, we know the industry and...


Summer Statement Summary

Posted by siteadmin on Wednesday 8th of July 2020

Summer Statement Summary

 

In March, Rishi Sunak unveiled “one of the largest and most comprehensive economic responses in the world” to protect the UK’s population against the impact of coronavirus. The £160bn plan, the Chancellor said, was just the first stage of the government’s response to the pandemic. Four months later, on 8 July, the Chancellor stepped up once again to reveal the second phase, “a plan for jobs”.

In his speech, Mr Sunak did not shy away from the “profound economic challenges” facing the nation. He revealed that, in just two months, the econo...


Give your children a head start with financial education

Posted by siteadmin on Thursday 2nd of July 2020

Give your children and grandchildren a head start with financial education

 

Financial literacy isn’t a skill that we are born with. Learning how to manage money effectively means acquiring a few important life lessons that parents can pass on to their children from a relatively young age. With home schooling on the agenda for many families at the moment, one perfect way to engage your children, a skill vital for everyday life, is financial education.

Money doesn't grow on trees

Encourage children to handle cash as soon as possible to help them recognise its value and to plan how to save some of their pocket mon...


Now could be a good time to remortgage

Posted by siteadmin on Thursday 2nd of July 2020

Now could be a good time to remortgage

 

Mortgage rates are now at record low levels, following two Bank of England rate cuts in March to bring the base rate down to 0.1%.

Borrowers on a tracker, discounted or variable rate mortgage may have already benefited from this rate drop, but those borrowers whose mortgage deal is nearing its end, or those currently on an uncompetitive standard variable rate (SVR), should review their situation as there are some very competitive products on the market, with potential savings to be had.

Remortgaging explained

A remortgage is where you ...


Market update - a look back at June 2020

Posted by siteadmin on Thursday 2nd of July 2020

Market Update Look back at June 2020

 

"June’s performance helped the FTSE 100 record its best quarterly performance since 2010, gaining 8.8%."

 

During June, most global equity markets rose despite rising daily rates of new coronavirus cases, especially in the United States, which dampened some of the optimism about the speed of an economic recovery.  It was reported that 12 states, including Florida, Texas, California and Arizona, have reversed re-opening plans and implemented tighter restrictions to prevent a further spread of the virus.

June’s performance helped the FTS...


Lasting Powers of Attorney

Posted by siteadmin on Thursday 2nd of July 2020

Lasting power of attorney


You may have already arranged a Will* to deal with matters in the event of your death, but have you considered what would happen if you became unable to handle your affairs while still alive?

Peace of mind

Have you considered how a physical or mental illness could affect your ability to manage your personal affairs? If the prospect of this worries you, you should consider setting up an LPA. This is a legal document which allows you to appoint one or more people to either help you make legal decisions, or to make them entirely on your behal...


Estate planning

Posted by siteadmin on Tuesday 30th of June 2020

Estate planning

 

Estate planning encompasses not only preparing your finances to ensure your assets are protected for your loved ones once you are gone, but it’s also about ensuring you have enough money to live on.

It starts with obtaining a comprehensive view of your assets. Assessing the value of your estate and ensuring the right documentation is in place is a first port of call (such as Wills, Lasting Powers of Attorney (LPA), and the formation of any relevant Trusts).

Valuing your estate

In order to establish the value of your estate, first calcu...


2020/21 tax year - know your numbers

Posted by siteadmin on Monday 29th of June 2020

2020-2021 Tax year Know your numbers

 

Whilst we would all probably agree that paying tax goes towards providing the important services we all rely on, no one needs to end up paying more than their fair share. Each year, the government announces the tax allowances and exemptions that we are entitled to and it makes sense to maximise their use in meeting our individual financial goals.

Here are a few figures worth knowing:

Personal taxation

At the Budget, the Chancellor’s main change to personal taxation was an increase in the National Insurance threshold to £9,500, which ...


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