Under the title of 'Ties are optional', Les Conway shares his thoughts about what’s going on in the World and how it can affect and impact your lifestyle and finances.  Feel free to sign up here to subscribe to receive.

Risk comes from not knowing what you’re doing

Posted by siteadmin on Wednesday 6th of January 2021

This month’s article title is a quote from the well renowned investor extraordinaire, Warren Buffett.
It could be argued that he knows how to manage risk. His track record of sustained success gives him the knowledge, confidence and experience to invest billions into businesses of various types. This alone could be viewed as very risky. But he knows what he’s doing and as a result, the risk is greatly reduced. So perhaps we could say, he knows how to manage 'his level of risk'.

In general, the financial risks we’re most familiar with are:...

Pearl Anniversary

Posted by siteadmin on Wednesday 2nd of December 2020

In my last article, I talked about 2020 marking the tenth anniversary of Essentially Financial. I also mentioned that this was the first of two big anniversaries for me. And here’s the second.

Thirty years is a very long time in anyone’s book. But what a thirty years it’s been!

Just over a year before I became a financial planning consultant in the new year of 1991 for Save & Prosper (part of Robert Fleming bank back then, now morphed into JP Morgan), my daughter was born on the day that the Berlin wall came down.

Since then, we’ve seen m...

Aluminium Anniversary

Posted by siteadmin on Wednesday 4th of November 2020

In my first article of the 2020, I talked about the year marking the tenth anniversary of Essentially Financial.
Back in the early part of 2010, I made the decision to go it alone. The brief being to do things differently and focus on helping to guide people on their lifetime journey through the ever-changing cycles of life.
More so for me though, it was a personal lifestyle change where the time became right to do the same for me also.
With that anniversary now upon us and with the original plan to mark that journey more spectacularly than ...

The Life Stages - Part 2

Posted by siteadmin on Wednesday 7th of October 2020

Following on from the theme that I’ve been focussing on this year and simply broken down, here’s part two of the life stages:-

At retirement

Unless you are the type of person who wants, or needs, to continue working, most people aged 65 within this group wish to retire. That magic date has arrived and it is time to spice things up.

People at this point of their lives have prepared and planned of how they will replace earned income. They reassess their lifestyles and determine what they want to do with their free time. The hard work that has bee...

The Life Stages - Part 1

Posted by siteadmin on Wednesday 2nd of September 2020

Early Accumulation

People in this category are usually in their 20s and 30s and may be looking to continue with their education. They are also likely to be starting their first full time job, then progressing through their career and starting to do well. They may also be considering settling down, getting married and looking to start a family.

This is a great time in life to get organised and begin laying the foundations of successful financial planning for the future. A disciplined approach to our finances at this time of life pays huge divid...

Making sure everything is working properly

Posted by siteadmin on Wednesday 5th of August 2020

I’ve never made a secret of my interest in all things on four wheels and powered by something that make them go quick. But even I with my everyday road car have no real interest in what the technician, engineer or mechanic (or whatever they call themselves these days) would’ve done during the annual service.

All I care about is that when I turn the ignition or select the air conditioning, that it works first time. Every time.

Being told ‘just to let you know sir, that we’ve added this brand-new super-duper-wuper fantastic lubricant, that’ll sa...

Bloodline Protection - What’s that?

Posted by siteadmin on Wednesday 8th of July 2020

As an example, think of your pension as a pot of money that is designed to provide you with your salary in retirement and potentially, in some cases, to provide some benefit to your dependants. As a result, there are very good reasons to have a trust arrangement in place to deal with your pension death benefits.

The benefits and the protection afforded to your family of using a trust in this way could be substantial where they’re able to:- 
  • Provide protection against the value being decimated at a later date, through one or more of your be...

Facing our infallibility

Posted by siteadmin on Wednesday 3rd of June 2020

For many people, talking or even thinking about money can be difficult. It presents all sorts of issues and emotions and can even cause embarrassment.

It can be exhilarating, not least if we’ve been lucky enough to win something on the lottery.

Sometimes though, it can make us protective. Other situations might make us defensive, suspicious or nervous. Ultimately it causes us stress.

Let’s face it, life is not a rehearsal. And quite often for some, life is sadly all too short.

This is an extraordinary time, with concerns around health, an enviro...

What should we believe!

Posted by siteadmin on Wednesday 6th of May 2020

Last month I talked about understanding why things happen. With recent events, I thought I’d touch on the role the media play in our everyday lives (not just now).

There’s no doubt we’re living in extraordinary times with our liberties, finances and of course our health all very much of a concern. We all want to know what’s going on in the world. But what we want is factual news and not opinion.

How many times have we heard a news reporter say ‘my sources told me --------‘? So is what’s being reported interpretation, speculation or indeed ...

Understanding why things happen

Posted by siteadmin on Tuesday 7th of April 2020

Following on from my last article, not least considering the widespread health and global warming concerns we’re facing, we need to understand as to why things happen.
A very important part of the work financial planners do is to help people appreciate that uncertainty is a certainty.  Solid financial planning helps people interpret what’s happening around them and instigate plans or adjustments to plans to keep them on course.
No one can argue that what the world is facing currently is concerning.  Nor can it be denied that it could als...


UK News

The move comes as 10 new mass vaccination hubs open in England, and the UK's travel corridors close.
Passengers, whether by boat, train or plane, will have to show proof of a negative Covid test to be allowed in.
A report commissioned by the family of Saffie-Rose Roussos says she received inadequate first aid.
The government is aiming to provide grants by April to mitigate the impact of Covid travel rules.
A group of London firms has written to ministers calling for financial support for the rail firm.