Here Richard, CEO discusses the company investment philosophy and the 3 pillars at its core.
What you hear in the video has been central to a number of calls at T&T in the past 12 weeks. Rightly so clients and prospects alike want to understand what we're doing at this time and the merits behind how we manage their money.
We’ve all absorbed a lot of news over the last 8 weeks. This email will not mention our thoughts on the pandemic, the flattening of the curve, ventilators or a shortage of PPE. Instead over the next 10 minutes of your life we will cover:
So, it finally happened – the UK officially left the EU last month.This surely means the worst is behind us and we can crack on with the rest of our lives, right?!? Not exactly. In our opinion, all that has changed is that we know with certainty that Brexit is going to happen. And if Boris Johnson sticks to his election pledge, then December 31st 2020 will be the exit date and crunch time for the future UK/EU relationship.
What were the news cycles - and the themes driving the market - in 2019? As I write this I struggle to recall all the stories; the front-pages; the soundbite headlines that hourly came vibrating through my phone. As each market or political commentator reacted in (usually) faux awe and astonishment to that minute’s news cycle ‘breaking news’, I remember a blur of scandal, geopolitical woes, trade tensions, hurricanes, a blazing Notre-Dame and a Greta Thunberg.
After the close of the third quarter of 2019, we will focus on the main themes that we tend to hear most while attempting to cut through some of the noise and hyperbole to help you understand the status quo. I will start by looking at the quarter in numbers, moving onto politics on both sides of the pond followed by a greater uplifting section on ‘The World is Getting Better’ – I’d just skip to this if I were you…
Over the last couple of months, as markets wobbled, yield curves inverted, GBP plummeted and Brexit, well, let’s not go there…
My point being, the wheels seemed like they might be coming off, the media got hysterical and people panicked. I tried to get out ahead of this and was proactive in communicating our message – “keep the faith”, “tune out the noise”, “stick to your plan”, “sit tight” and several other iterations of essentially the same message.
As I’m sure you are well aware, GBP hit a 3-year low against USD today, falling below $1.20.
We have a lot of clients with a lot of money in GBP in pensions waiting to convert it into USD, as they intend on retiring in the United States and this is understandably causing them a lot of anxiety.
So, I want to address our approach and rationale to this. I’m not going to rehash where we are, or why we are here, or what I think the political outcome will be. I am going to address this purely from the currency angle and our response therein.
We are halfway through 2019; halfway through the current Presidential term; and halfway through Brexit?!? Probably not… This quarter we will focus on the main themes of the last 12 weeks before turning to a positive story of a country on the brink of collapse. The Fed – Interest rate rises, now cuts? For 3 years the Federal Reserve has been raising interest rates to normalise rates (between 2-3%) and they just about got there, the current benchmark interest rate sits between
A lot has, and has not, happened in the UK since 2016. We have had 3 Brexit Secretaries, 3 extensions, onto the 3rd Prime Minister, into the 3rd year since we revoked Article 50 and, as it stands, those numbers could all double and the UK could be no closer to agreeing how and when they exit the European Union. After all, the UK is only attempting to agree a deal on the terms to begin the ‘transition period’.