On the road to financial independence and beyond
As stock market returns continue to underwhelm me, I have concentrated on the details of tax planning in the past few weeks. Tax Most of my portfolio is in tax protected accounts (ISA and SIPP). A smaller part of my portfolio is in a trading account that I am running down to zero. I am…
As stock market returns disappoint me, it is good to have portfolio income that is growing. It is also useful to have a margin of safety between income and expenditure when prices are rising. February One review of the month stated that “resilient economic data in February led to a move higher in bond yields…
January It was reported in a monthly market review by J. P. Morgan that “January has shown that after a difficult 2022, and with inflation now falling, both equities and bonds can deliver positive returns for investors.” They added that in the UK ”core inflation remained steady at 6.3% year on year” and “business surveys…
The newspaper report told me that “the FTSE 100 was the world’s best performing major stock index during a miserable 2022 for financial markets.” Total returns of 4.6% for this index of the UK’s largest companies compared well with a fall of over 20% for both the US S&P 500 index and the UK FTSE…