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The arrival of summer spells a time for many of us to start looking forward to a well-earned holiday. To make it a truly hassle-free affair, Martin Vaughan, senior partner at Clear Capital Management LLP, would recommend a good travel agent – and suggests his own job is not a million miles away.
In 1789, Benjamin Franklin famously wrote: ‘in this world nothing can be said to be certain, except death and taxes’. Martin Vaughan, Senior Partner of Clear Capital Management LLP (Clear CM), suggests there’s a third certainty - that when an investment is made for the medium to longer term, the value of that investment WILL go down as well as up.
Radiohead famously included a song called ‘No Surprises’ on their OK Computer album. Over the past few weeks we have seen some stock market turmoil with a number of the leading financial indices falling by over 5%.
Any self-deprecating virtuoso violinist will tell you that they alone could never rival the completeness of an orchestra. Martin vaughan, senior partner of clear capital management llp (clear cm), believes those working in modern financial services must also look to combine with others for true success.
When kipling wrote “if you can keep your head when all about you are losing theirs…”, it’s unlikely he was referring to the financial markets. Yet it is nevertheless an appropriate adage for recent reactions to global stock market activity.
As we return to the grindstone after the festive break, conversations typically turn to whether your colleagues or clients had a good Christmas.
Clear CM has reduced the AMC on its Classic Model Portfolio range by 30 per cent.
When Santa visited us this time last year, he must have thought we’d been very good boys and girls – as he’s been extraordinarily kind to us from an investment perspective for the past 12 months. So, will 2018 be more of the same? Or should we prepare for the worst and ask Ebenezer Scrooge to look after the books for a while?
When life gets tough, we tend to look for comfort and support in the people or things that are most familiar to us - those that we trust and that we know we can rely upon.
At Clear CM we believe that investment research is akin to buying a home. Most people would not buy a house without first visiting the property. While there, they might even test the bathroom taps or lift up carpets looking for tell-tale signs of damp, and they will possibly quiz the current owner in an effort to discover what the neighbours are really like.