This time it is different or is it!
What
The nightmare of holding CRYPTO comes home to roost after sell-off. Until a central bank gets fully behind the instruments they will suffer from extreme volatility. Cashing in back to FIAT CURRENCIES may be problematic. Animal instincts drive share values to unrealistic levels as FOMO takes hold. NASDAQ stock ALPHABET (GOOG) continues to defy gravity - but that is now, not what may happen tomorrow! What do you tell clients? Current VIX index indicates a less stressful time in markets. Does this reflect reality or wishful thinking? Perhaps the best advice is to follow the hand movements of the BRITISH folk dance HOKEY POKEY, when trading in the market! Humour and scepticism help you avoid those promoting "trees that grow in the clouds!"
Why
When turmoil and uncertainty hits – the mantra – BACK TO BASICS bubbles to the surface. Despite the evolution of financial instruments, underlying it all are the basics of bonds, equities, cash and commodities. Derivatives are a HEDGE PLAY on the underlying asset classes - ETFS are a collective use of underlying asset values, PRIVATE CREDIT and PRIVATE EQUITY are both risk plays on underlying assets that company value, credit and collateral. Wealth managers often forget market basics, overengineer wealth client solutions, when a simple transparent product is all that is required. Clients' wrath may not want their money in a trillion dollar plus remote unaccountable investment house which distorts markets, fails to provide best execution and negates the need for fund managers' stock picking skills, does question why should I pay them fund management fees at all?
How
Keep a firm hand on the basics. Investors have short memories. Our distinguished partners include:
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