MONEY OFFERS OPPORTUNITY

Solomons-financial-advisor-wimbledon-blogger

MONEY OFFERS OPPORTUNITY

For some people the answer to almost any question is money. Whilst I would not underestimate its power, money is simply a method of exchange. In the most part having money means having choices and more opportunities. This doesn’t mean that those without it have no choices or no opportunities, but quite obviously they are much more limited.

Money is the oil in a system to get things done. However as is also pretty evident, possessing a lot of wealth does not really mean that more opportunities are taken, indeed choices might appear to become more limited, falling into social expectations about what to buy, possess, retain whilst protecting with ever more complex security.

SOLOMONS IFA REVIEW BLOG BAD TIMES AT THE EL ROYALE

CRIMINAL INTENT

There are always those that are willing to extract your money from you. This week I had yet another person confide in me that they were victims of a financial scam and felt too ashamed or embarrassed to admit it to others. Most of us, of course, work hard for our earnings, we don’t steel of kill for it. That said, one of the myths that I grew up with was that hard work pays. This is quite obviously not true. Plenty of people work hard or long hours and are not well paid, existing just above the bread-line, hence the need to work long hours. There are others that simply work in a way that by no measure appears “hard” yet are rewarded or remunerated very handsomely. This is of course simply another of life’s “welcome to adulthood” lessons.

DESPERATE TIMES AND DESPERATE MEASURES

Those with very few opportunities, that possess the right skills at the right time can have their lives improved enormously by some helpful cash. One of the few common agreements about the Chancellor’s Budget is an unsaid one… we all would like to keep or get a bit more.

Take Darlene Sweet, a singer is living hand to mouth, gig-to-gig, struggling to get by and desperate for a moment, a lucky break. It’s all about the books you read, the places you visit and the people you meet… right? Well for Darlene, she happened to check into a hotel (the El Royale) near Lake Tahoe, on the border with Nevada and California… but the other guests, staff and hotel are not all that they appear to be.

The latest movie “Bad Times at the El Royale” by director Drew Goddard plays with our sense of security, individuality and ability to adapt to new information. What people will do to protect their own interests, how they respond to extortion and how easily manipulated most of us are. A bad night for the guests, made worse with the arrival of Billy Lee, a knock off of Charles Manson, duping followers with half-truths about money, power and corruption, explaining choice whilst amassing greater wealth and abusing the power he has over those that trust him. The proverbial thief in the night…

Here’s the trailer for the new movie. There was a fair bit of disagreement within my family about whether the movie is any good, I found it quite gripping and delightfully shot – with scenes reminiscent of Nighthawks by Hopper. My daughter however felt it dragged, the acting was poor and the entire thing overly simplistic…

Dominic Thomas
Solomons IFA

You can read more articles about Pensions, Wealth Management, Retirement, Investments, Financial Planning and Estate Planning on my blog which gets updated every week. If you would like to talk to me about your personal wealth planning and how we can make you stay wealthier for longer then please get in touch by calling 08000 736 273 or email info@solomonsifa.co.uk

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Good Money Week 2016

Sorry, I’m a bit late in the week to give a mention to Good Money Week 2016. If you are a client or have been following my blog over the years, you will know that I have been an advocate of what used to go by a different name, but is essentially the same National Ethical Investment Week.

Let’s start by stating the obvious, not all businesses are terribly “nice” some are run by people that can only be described as “psychopaths” (see book by Jon Ronson) and others are simply all about extracting as much profit without any regard for people or the planet. However, when it comes to defininig “good” and “bad” we all know that life gets somewhat complex.

Ethical investment began life really as a way of not investing in certain industries – typically, gambling, pornography, weapons and alcohol. Since then things have moved on, the world has become more complex and Governance has become arguably the key issue for businesses.

Ethical or Socially Responsible Investing (SRI) offers a range of options to best suit your values. It is not necessarily the case that these will perform worse than “non ethical” investments, which is often a misconception. In any event looking long-term, one can surely make the argument that sustainable businesses, services and products are highly likely to be profitable in the future.

SRI and Ethical Portfolios

Anyhow, quite a number of our clients express the view that they would like ethical criteria applied to their investments. Now it isnt a perfect world with perfect solutions, but certainly much can be done.

We offer ethically screened portfolios for those that want them and for those with assets under £100,000 we offer a low cost service with ethical options too – just have a look at our 100 Club, if you are looking for an ethical ISA or General Investment Account… and no need to even speak to us if you dont wish to. Click here for more.

Of course if you wish to discuss this in more detail, just send me an email or better still, pick up the phone!

Call me on 020 8542 8084

As you probably gather from this blog, I like movies and see a fair few of them. This short fairytale is perhaps one of the strangest I have seen in a while, but its the one that Good Money Week are using… so in the spirit of co-operation, here it is.

Dominic Thomas
Solomons IFA