Yes buckle up folks, because it’s that time of year when we’re all going to become teetotal, socially aware, tight-butted, planet-saving legends with kitchens manically sorted into coloured-coded Tupperware. And of course it’s also time to become the Wolf of Wall Street and brush up on that perfect Excel spreadsheet with all your wonderful insurance/mortgage/savings accounts beautifully itemised too.
[Pause to feel exhausted]. Meanwhile, back in the real world, there are gentler things that everyone can do to get things looking a little sharper on the money front. Here are some examples:
Our financial fitness quiz walks you through 6 core questions and delivers a tailored action plan with links, tips and ideas – you can access it here or share with a friend.
Finally, great excitement at Boring HQ today as we check in on our test accounts. At the beginning of last January we put £500 into similar portfolios with over 25 different providers – now it’s time to see how they’ve done over the last year.
In 2018, total returns (which means the change in share prices plus any cash dividends paid out) of the FTSE 100 shares were a gloomy -8.7%. At a first glance it looks as though our mid-range risk portfolios ( a mix of shares, bonds and cash) have fallen from £500 to a range of about £455 to £480 after fees. We’ll report back next week and show you the scores on the doors.
Have a great weekend everyone. Day 4 into dry(er) January… will we make it?!
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