Category: Wealth Management

22
Oct
2009

New GoldCore Wealth Management Blog

GoldCore Wealth Management now has a dedicated website, with its own blog.

You can find it here: http://www.wealth.goldcore.com/blog

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10
Aug
2009

In defence of the dismal science

In a guest article in The Economist, Robert Lucas, the John Dewey Distinguished Service Professor of Economics at the University of Chicago, rebuts criticisms that the financial crisis represents a failure of economics.

What can the public reasonably expect of specialists in these areas, and how well has it been served by them in the current crisis?

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25
Jun
2009

FSA Bans Commission for Advisors

Financial advisers are to be banned from receiving commission for selling investment, pension and life assurance products from 2012, under radical new rules announced by the Financial Services Authority in the UK.

In its Retail Distribution Review, the regulator set out new measures to “ensure that commission-bias is removed from the system – and recommendations made by advisers are not influenced by product providers.”

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15
May
2009

The horse race: Betting on individual companies

The Horse Race

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30
Apr
2009

Gold versus Warren Buffett

I have just completed an analysis of the performance of the spot price of gold vs. Berkshire Hathaway. I think you will find the results are a little suprising.

Spot Gold vs. Bershire Hathaway

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05
Feb
2009

The Financial Times: The charges laid against us

The following is an excerpt from John Kay’s new book ‘The Long and the Short of It: Finance and Investment for Normally Intelligent People who are not in the Industry’ as published in the Financial Times Personal Finance section:

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15
Aug
2008

Financial advisers switching to fee-based remuneration

Research by Skandia has revealed that the majority of IFAs intend to shift away from commission-based remuneration over the next three years.

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09
Jul
2008

Some quotes need no further comment

The biggest disappointment of my time at the FSA has been the failure of firms, and particularly their senior management, to learn the lessons of past mis-selling. Sadly, the recent history of the British retail financial services industry is proof of the adage that those who fail to understand the mistakes of the past are condemned to repeat them.

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30
May
2008

RTE Primetime: Financial ‘Advice’ Exposed

Following the Thursday night RTE documentary on Irish Financial Advisers, Gold Investments’ Wealth Management Division, Wealth N, would like to issue the following statement: –

The misleading, unethical and disturbing financial ‘advice’ seen in last night’s excellent Primetime programme may only be the tip of the iceberg and we call upon the Financial Regulator to become more proactive in protecting investors, young and old alike, from the predatory, dishonest commission driven financial ad

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01
May
2008

Are we heading towards an Iceberg?

titanic.jpg

Early evening on the April 14th 1912 and a passenger on the first class deck of the Titanic would be, no doubt, enjoying the opulence of their surroundings, and the wealth that the British Empire had created. More recently, the “Celtic Tiger” has created new wealth in Ireland so that one can now enjoy a similar fine dining experience as the passengers of the Titanic as the menus show. Yet, we know that the very next night it all lay at the bottom of the Atlantic and no amount of Edwardian engineering could save the ship. One of the key lessons learnt from the Titanic tragedy was that there weren’t enough lifeboats for all the passengers. Today, we are in the midst of a Global crisis and potentially face a new breakdown in the established world order. Just as the death of Queen Victoria in January 1901 at the peak of the British Empire was followed by two World Wars and the emergence of the United States as the dominant Global Hegemonic Power, many commentators such as Paul Kennedy in his bestseller The Rise and Fall of Great Powers, are claiming that Global Hegemony is in the process of shifting. It is possible if not probable that even within our lifetimes, this power will shift east to China or India and just like the situation faced by Great Britain at the turn of the Twentieth Century there is nothing the United States can do about it. This time it isn’t Edwardian engineering that is failing to save us, but financial engineering. Of course nobody knows for sure how events will play out or if we are heading for a recession or even a depression.

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