Karl Marx. You didn’t expect me to quote him did you! 
His question on almost everything was “who does it benefit”. I believe this was in Das Kapital. I think this is very true of many things in the financial world particularly when it comes to scams and boiler house operations.
If I do a good investment for someone I benefit because I get paid for my advice, the client does well and has either good income or good growth or both and the fund manager does well because he gets a fee for managing the money effectively.
Unfortunately, in many cases we see things which are either too complicated or unsuitable and again it is worth asking this question again who benefits. Simple question, simple answer.
It is worth bearing in mind that with the stock market at around 5,000 on the FTSE that the yield is 4% which is far in excess of what can be got from most satisfactory investments elsewhere. Therefore although there does not appear to be a resistance level at 5,000 (indeed it went down to 4,800 a little while ago) nevertheless because as I have said companies are in good shape generally the market is basically not expensive.
Even if it therefore drifts further down for a while I feel this is a perfectly satisfactory time for investing and in fact probably good overall.
I am pleased to say that many of my clients have not been put off in the slightest and we have actually taken a surprising amount of new business in investment recently. Indeed as a firm we are doing extremely well with business strong in nearly all areas including protection and pensions.
Don’t forget that if you have got poor performing cash ISAs these can now be transferred to stock and share ones and we have all sorts of good and sensible ideas for you
I hope this was of help to you.
Best Regards
