COVID-19 NEWS BULLETIN APRIL 2nd 2020

 


NEW OPPORTUNITIES

 

The level at which managers are buying shares in their own companies is currently at a five-year high. One interpretation of this is that insiders are confident about the speed and the strength of the economic recovery that will follow all of this. The pandemic is a very painful shock to the global economy, but it will ultimately be transitory, and a recovery will follow, as sure as the night follows the day. But to balance that view it could be argued that Chief Executives and business leaders were no better at predicting the bottom of a market than anyone else so its wise to look for well-managed businesses with sound balance sheets that are capable of getting though a squeeze on earnings when their shares are down more than 20% in the short term. Investing for the long term is a buy and hold and re-balance strategy whist employing uncorrelated diversification or to put it another way, don’t put all your eggs in the same basket, carrier bag, shopping bag, bag for life, shoulder bag! And don’t just buy eggs! When one bag gets too heavy, move some of the contents to other bags!

 

NEW TAX YEAR STARTS Monday 6th April 2020

 

Don’t forget…………….

• The tax threshold for National Insurance Contributions rises to £9,500.

• VAT scrapped on eBooks and digital newspapers.

• Threshold for pension tax relief increased to £200,000.

• Junior ISAs and Child Trust Funds increased to £9,000.

• For anyone working from home you can now claim £6 per week off your income tax bill.

• Pensions lifetime allowance £1,073,100. • Capital Gains Allowance £12,300.

• Inheritance Tax residence nil rate band £1.075m. Cryptocurrency News The definition of a cryptocurrency is a digital currency built with cryptographic protocols that make transactions secure and difficult to fake.

 

 

The most important feature of a cryptocurrency is that it is not controlled by any central authority: the decentralized nature of blockchain makes cryptocurrency theoretically immune to the old ways of government control and interference. Cryptocurrencies make it easier to conduct any transactions, for transfers are simplified through use of public and private keys for security and privacy purposes. These transfers can be done with minimal processing fees, allowing users to avoid the steep fees charged by traditional financial institutions. However, the latest news on cryptocurrencies indicates that because cryptocurrencies are devoid of a central repository, a digital cryptocurrency balance can be wiped out by a computer crash, a hack, and other unexpected events. Not for everyone by any means but cryptocurrencies are continuing to gain popularity.


Performance of popular currencies

 

Remember the old adage ‘If it looks too good to be true it probably is’.


Interesting article today looking at the current performance of cryptocurrency, below.
Cryptocurrency Market Update: Is It Time to buy Bitcoin? – Mike
Novogratz


CRYPTOS | Apr 01, 09:48 GMT

 

 

 


All investing of course comes with a warning to assess risk against what you are
prepared to potentially lose and that’s what we are here to do.
Markets today


Markets opened relatively flat this morning and closed in much the same manner


We are here to help you through these challenging times, so please
don’t be afraid to get in touch, 07543 368 478 or email
enquiries@money4dentists.com.

Share on Facebook
Share on Twitter
Please reload

Recent Posts
Please reload

 Telephone: 0845 345 5060 or 0754 3368478

 

Email: info@money4dentists.com or use the online form.​ 

 

4dentists group 
51-52 Calthorpe Road
Edgbaston, Birmingham
West Midlands
B15 1TH

 

  • Facebook - White Circle
  • RSS - White Circle
  • Twitter - White Circle

Copyright © money4dentists All rights reserved.

4dentistsgroup, 51-52 Calthorpe Road, Edgbaston, Birmingham, B15 1TH.
Registered in England and Wales, No. 8095412