Anyone, like me, who holds short-dated gilts in their SIPP will have seen a valuation dip this week. When interest rates rise, gilt prices fall.
But this is irrelevant if you hold them until maturity, as their redemption value (£100) is guaranteed, as is your annual return.
Following another interest rate rise here, this week's video from me looks at why more cannot be ruled out from central banks once markets have absorbed the US mid-term result.
youtube.com/watch?v=MKP40FUH…
After a tame Budget, this week I return to a debate that is shaping the future of AI for investors.
m.youtube.com/watch?v=GZoj1S…
#financialeducation #ai #investing
Tim Bennett retweeted
Reposting this for no particular reason
Liz Cheney: “I say this to my Republican colleagues who are defending the indefensible. There will come a day when Donald Trump is gone, but your dishonor will remain.”
Pound has risen this morning in anticipation of a Bank of England rate rise. More on this in tomorrow’s Killik Explains video.
Tim Bennett retweeted
Poll shows Kemi Badenoch's approval rating rising as she closes in on Andy Burnham trib.al/CTHEc6B
Tim Bennett retweeted
Delighted with my first few weeks at John Lewis. And they said I wouldn't get another job after I left Jaguar's Marketing Department...
Charlie Maclean sums up the case against buy-to-let property in the latest issue of Confidant. Full article and magazine at killik.com/guides/confidant-…
The government seems to think that the big issues are:
1. Slavery reparations
2. Bus fares
3. A bit off energy bills
4. Headphones on trains
5. Sachets.
The sooner people stop worrying about defence, education, growth, tax policy and welfare spending, the better.
😖
Stocks reaction to US mid-terms will be nuanced. AI worries about pace of capex build out and new regulation offset elsewhere by taming of Trump’s ability to pass big new laws, impose tariffs and continue warmongering. So, after an initial dip, I don’t see this result as bearish.
Tim Bennett retweeted
Slavery was an evil in which people from every continent and region participated. We should be honest about the whole history, not select the parts that are politically convenient today, especially given Britain's leading role in ending the transatlantic slave trade.
If Caribbean countries are asking Britain for a formal apology for Britain’s role in the transatlantic slave trade, will they also be asking the same of the descendants of African kingdoms, rulers and merchants who captured, sold and profited from the trade?
On demands for reparations, whether through cash or debt relief, we have been down this track before. Twenty-five years ago, Jubilee 2000, Drop the Debt and Make Poverty History argued that cancelling the debts of poorer countries would give them a fresh start. More than $100 billion of debt was eventually written off, but many of those countries have since built up even bigger debts. Labour are already spending too much on Britain's welfare state, now is not the time for Andy Burnham to be providing global welfare.
There is no reason British taxpayers today should be held financially responsible for things that happened generations before any of us were born. And I have even less patience for political elites in commonwealth countries who don’t know how to make their own citizens prosperous now looking for another opportunity to blame Britain.
As Prime Minister, Andy Burnham should be Britain’s greatest defender. Instead, he is writing articles saying we need to confront our history (as if we haven't done enough of that) and considering another formal historical apology. Tony Blair already expressed Britain’s deep sorrow and regret for our role in the slave trade nearly twenty years ago. There is no need to do so again.
This is all another navel-gazing distraction. The Commonwealth should be looking forward, not endlessly backwards. That means economic partnerships to make us all richer and deeper military and security cooperation against common threats. If every Commonwealth summit becomes an exercise in presenting Britain with demands for cash then we need to start asking if it is worth the effort.
Tim Bennett retweeted
🚨 BREAKING: A UK bank chief executive has said of Healey's budget:
"Taxing the engines of growth to reduce VAT on gherkins is end-of-Rome level of stupidity"
ft.com/content/80acb561-34e2…
Extract from an email. Find out more at killik.com/resources or Killik Explains on Youtube 👇
"We were talking the other day and my sister commented on how helpful the Tim Bennett chats and writings are. Tim is most helpful in educating the novice about stocks."
Is the Bank of Mum and Dad the key deteminant of success for young people. I spoke to Dr Eliza Philby, best-selling author of Inheritocracy to find out.
Full article at killik.com/guides/confidant-…
#financialeducation #inheritocracy #bankofmumandddad









