There's always so much to say and so little time or opportunity to get the message across so we have decided to launch our own e newsletter. The idea is to keep you informed of what's happening in the marketplace as well as what's new with us.
You know we value the personal touch so sharing news and views is really important. Feedback any tidbits you think colleagues would be interested in hearing and we'll make sure everyone gets to hear about them.
Psst...
We saw our good friend Ashley Latter at Showcase who tickled us with this story. He’d a meeting with his business bank manager who asked for a copy of his most recent accounts. “Never mind my latest accounts” said Ashley, “Show me a copy of yours!”
We’re getting seriously fed up with depressing news. This week we’ve received several phone calls and emails from dentists worrying about their investments, which is pretty understandable. But now is not the time to sell, it’s the time to be buying! Take the contra-cyclical approach. We assume the stunned silence at the other end of the phone is due to our clients being overawed by our inspirational advice. Yes, it really is a great time to invest!
The beginners guide to pound cost averaging
If £100,000 was invested a year ago and the markets dropped 50%, it would now be worth £50,000. Invest a further £100,000 today and if the markets return to last year’s level in 12 months time, the original £200,000 investment is now worth £300,000.
Had the markets not moved over those two years the same investment would still only be worth £200,000. Fluctuating markets are great for investors, as long as they keep investing in all market conditions. And that is our mantra!
In a determined act of defiance I went online and bought some Lloyds and Barclays shares. Possibly a reckless decision, but what the heck, it’s like the autumn sales out there right now!
There are always reasons to be cheerful, even as we enter recession (and yes we are entering a recession). Sometimes we just have to spend a bit more time searching. In case you are finding them hard to find, here’s some clues as to where the cheerful reasons are lurking.
- The ghastly wet summer is over and it will soon be Christmas
- We’re nearer the end of the financial crisis than we were a year ago
- West Ham’s Icelandic bosses have no money to invest in new players
- The stock market is 40% cheaper than in July 2007
- The UK is taking the lead in solving the global financial crisis. Top marks Darling on this one!
- People eat, smoke and drink less in a recession (and lose weight!)
- We can therefore eat more chocolate
- We won’t be envious over enormous City bonuses this Christmas
And lastly…
- People always need dentistry and like to feel good about themselves when times are hard so smile, promote treatments and enjoy the ride.
