The climate summit in Glasgow (COP 26) has drawn a lot of attention, with some lauding the pledges coming from attending nations whilst others – such as Greta Thunberg – arguing that it has been a failure. Undeniably, however, the event has increased attention in “environmental” investing (or ESG)…
Throughout your lifetime you are likely to witness many stock market crashes. Looking back at history, they have occurred an average of one or two times per decade. The latest was the 2020 COVID-19 crash. Prior to that, events included the 2018 “cryptocurrency crash”, the 2010 “flash crash”…
The dream of living mortgage-free is a powerful one. Indeed, it is often the reason why people want to overpay on their monthly mortgage – so they can repay their loan faster. Yet is this the best way to grow your wealth and gain more financial independence? Would investing more money into shares, bonds…
Various types of ISA exist today and different providers offer various rates. Whilst it is great to have choice as a consumer, this can make it difficult to find an ISA which suits your needs. In this guide, our team at Elmfield Financial Planning in Padiham, Burnley offer a summary of the main ISA types available…
Focusing on cash is not a good idea when building long-term savings. In 2021, interest rates are so low that even a 1.7% fixed-rate savings account with a High street bank fails to beat the 2% target rate of inflation set by the Bank of England (BoE). The stock market offers the chance of producing far better returns…
Where do you go if you want to invest in stocks, funds and other assets (e.g. commodities or even cryptocurrencies)? Similar to a food supermarket, in 2021 a range of investment platforms exist to offer these kinds of opportunities to people. However, they come in many forms and involve different…
Many investors have been intrigued by cryptocurrencies since their emergence in 2009 (when Bitcoin was created). Since COVID-19 swept the world in 2020, however, they have become even more interesting as investors have sought strong returns outside of the stock markets…
Many people are interested in investing, but are not fully aware of the range of investment types they could commit their money to. Even experienced investors can benefit from a deeper grasp of how these operate and compliment a portfolio. Below, our team here at Elmfield Financial Planning in Padiham, Burnley…
From a young age we are taught that “debt is bad”. As such, we should seek to stay away from it as much as possible – or clear it quickly. Although this is a good principle for personal loans and credit card debts, it often becomes confusing when people look to get onto the property ladder. For most people, this will involve…
A “sell-off” is easy to see when it happens. A high number of securities (e.g. stocks and bonds) are sold in rapid succession – perhaps hours, days or weeks. The spiral downwards often goes faster as investors feel pressure to sell due to everyone else doing so. The overall psychology of the marketplace turns…
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