Aug 31 2012 Ayrshire Post (main ed)
NOW that I have my feet firmly back on the ground after my skydive, I have had to think hard about where to start this week.
The news traditionally slows down over the summer months.
It seems like very little business is done in at this time of year with holidays and sporting events such as the Olympics (particularly this year), the World Cup, and Wimbledon.
Once the English school holidays start, the financial services papers and magazines are about as thick as a comic book.
There is a saying about the stock market 'Sell in May and go away. But remember to come back in September.'
Now while this wisdom is not necessarily applicable today, it is not entirely untrue.
Investment managers are reluctant to invest new money ahead of the next European summit.
With a number of key stocks at 12 month highs it is probably prudent to wait to see what happens in Europe before going into the markets, as there may be a small correction to come.
Those who rely on savings for income will have had it decimated in recent years with cash deposit rates at all time lows, and volatile investment markets which are showing no sign of settling down any time soon..
However, it is not all doom and gloom as there are great opportunities to generate dividends from good quality stocks.
While the current economic climate in the UK is particularly depressing, it is not the case everywhere. Large British companies are doing most of their business abroad and generating large amounts of profit in the process.
To pick these stocks we look to our discretionary fund management partners and their expertise in the markets.
Financial services and investment has become very complex and it is important that as professional advisers, we utilise the expertise available to us.
It would be almost impossible for anyone to be an expert in all areas of financial advice such is the complexity and regulatory requirements, but with the right research and relationships we can have all the expertise we need at our fingertips.
If you have any questions about your savings or investment please email email@example.com