Twice monthly 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.
Posted by siteadmin on Wednesday 23rd of November 2016
The past month has seen the subject of email and cyber security (or lack of it) become the biggest global story as well as leading the UK’s news agenda.
Many commentators have put President Elect Donald Trump’s victory down to a late surge of support following the FBI’s new decision to investigate. And then quickly clear Hillary Clinton for using her own private email server whilst serving in office.
The investigations raised concerns on a number of levels. Firstly a trust issue where Americans were asking themselves what Clinton had to hi...
Posted by siteadmin on Wednesday 9th of November 2016
Perception is a funny thing.
Some professions are viewed under a negative light due to the actions of a few. Bankers and estate agents spring to mind.
However, I know many people who work in both of those industries who are honest, hardworking and well worth the salaries they command.
Premier League footballers are often viewed as greedy money grabbing mercenaries. Some no doubt are. But there are also plenty who give their time, support and indeed money to help good causes and charities.
I like to think the perception of the financial p...
Posted by siteadmin on Wednesday 26th of October 2016
Last week our Olympic heroes from the Rio Games enjoyed enormously well deserved parades through the streets of London and Manchester.
Whenever I read the stories of elite athletes, I’m always reminded about the parallels their journeys have with successful lifestyle financial planning.
The likes of Dame Sarah Storey, Mo Farah and Jessica Ennis-Hill don’t just turn up, throw on their Team GB clobber and turn into sporting gods. The hard work is done behind the scenes. Away from the spotlight, over years and years of training, preparation a...
Posted by siteadmin on Tuesday 11th of October 2016
I’m a big believer in asking why.
Why have my beloved West Ham United started the Season so badly? Why does the queue I pick in the Supermarket always seem to take the longest to serve?
Some of my whys are pretty profound even. Why do birds suddenly appear? OK, I’m joking now.
But seriously why do some people take action to do something and other people don’t?
A few weeks ago I wrote a blog about the reasons why people seek out a financial planner. They vary considerably but there are some motivators including looming retirement, inh...
Posted by siteadmin on Wednesday 28th of September 2016
'So what makes you different from all the others out there doing this?'
It’s a question I’ve been asked many times in the past, usually during one of my Discovery Meetings with clients.
If I was allowed the luxury of four words to explain, I’d go with ‘I do things differently’. And if I had to sum it up in a single word it would be ‘innovation’.
There are many financial planners out there. Some very good, some not so good and many just very average.
Now I’m not criticising people in my profession, far from it. In fact the good ones have ...
Posted by siteadmin on Wednesday 14th of September 2016
'If you think it’s expensive to hire a professional to do the job, then wait until you hire an amateur.’
The quote above came from the legendary American fire fighter Red Adair. A lot of you will have heard of him but some of you might not have so let me give you a very brief bio.
From the 1950s to the early 1990s, Red was THE go to guy when there was a fire. Actually let me clarify that last statement. Red was the global expert when it came to oil well fire fighting.
Along with his well trained team, he extinguished dozens of huge fir...
Posted by siteadmin on Wednesday 31st of August 2016
During the past quarter of a century since I began working within the financial services industry, I’ve experienced a range of reasons why people come to me for help.
It’s typically a change in their circumstances of some kind or an unexpected event which moves them to pick up the phone requesting an opportunity to discuss their concerns, issues and plans (or in many cases with the latter, the lack of one).
Below are the most common reasons as to why people get in touch. The list is by no means endless or exhaustive and on a monthly basis...
Posted by siteadmin on Wednesday 17th of August 2016
Way back in 1979 a group of students at Harvard Business School were asked a simple question - 'Have you set clear, written goals for your future and made plans to accomplish them?'
The results were surprising considering that the students were some of the brightest sparks in North America:-
- 84% had no specific goals at all
- 13% had goals but they were not committed to paper
- 3% had clear, written goals and plans to accomplish them
Fast forward ten years and the researchers revisited the same group of students who were now making thei...
Posted by siteadmin on Wednesday 3rd of August 2016
Many will recall the publicity surrounding the Government changes to the way people over 55 could access their pensions back in April 2015.
The so called Pensions Freedom Act meant that people over this age could get access to their pension pots where as George Osborne, the then Chancellor of Exchequer said 'Pensioners will have complete freedom to draw down as much or as little of their pension pot as they want, anytime they want'.
But this liberating move also set free darker forces intent on hoodwinking people out of their hard earned m...
Posted by siteadmin on Wednesday 20th of July 2016
The past three weeks have been dramatic to say the least.
England were rubbish at the Euros (again), Lewis Hamilton and Andy Murray showed their sporting class (what would we do without them bless 'em) and just in case you missed it, the political landscape in the UK has changed beyond recognition.
Whilst we currently live in uncertain times, there’s no need to feel helpless. You can control certain aspects of your life, your financial planning and indeed your future.
The new Prime Minister Theresa May has been installed in a matter of da...