Wednesday, April 21, 2021

Love Money

Section:

Gina Miller investigates the links between Saint Valentine and transparency in investing

 

According to the wise font of all knowledge, which can be extremely accurate or extremely inaccurate, Wikipedia, Saint Valentine (in Latin, Valentinus) is a widely recognised third century Roman saint commemorated on February 14th and associated since the High Middle Ages with a tradition of courtly love. Nothing is reliably known of Saint Valentine except his name and the fact that he died on February 14th.

 

Love and money will forever be interlinked
Love and money will forever be interlinked

But many of the current legends that characterise Saint Valentine were invented in the fourteenth century in England, notably by Geoffrey Chaucer and his circle, when the feast day of February 14th first became associated with romantic love.

 

Whatever the truth is, most people today associate Valentine’s Day with romance. When one thinks of romance it is normally in the old fashioned Mills and Boon books or the more modern 50 Shades of Grey with some dashing man seducing his future conquest but once the charming good looks are pierced, below the surface they are often found to be pretty shallow and unedifying and after a while, maybe the real cardinal sin, boring. I say this as someone who once dated a famous model who was known across the UK for taking his jeans off in the laundrette revealing a great body but sadly not a lot of substance beneath.

 

Where is the connection with the world I work in, investments? Well a surprising amount when you consider it. The world of investment relies on seduction but the seduction is used for all the wrong reasons and normally with all the wrong results. There is a fine line between seduction and deception. Every day countless savings and investment managers cross this line.

 

When you meet your wonderfully charming or slick fund manager they try to seduce you with flowery words and jargon with no meaning or deliberately assembled to impress you with its complexity; but designed to prevent you from understanding how your money is really invested or how much your money is really costing. The smoke and mirrors are crafted to beguile and reassure that by being so complex, they must be amazing to do what they do and charge what they charge. Of course more often than not investing does not really need to be so complex or expensive to get sold returns.

 

If you think of most great inventors or inventions they are often based on a simple design or a simple concept.  In investment the living Saint of investment is widely held to be Saint Buffet of Omaha, Nebraska. He has an annual convention where thousands flock to his temple to hear and learn from every word he says since he has probably the longest and best known and maybe most successful track records of anyone. He does not make things complicated or flowery he talks of common sense and old fashioned virtues that have stood the test of time and which people can understand. He simply tries to buy companies which he trusts, thinks are great franchises that can stand the test of time; and which for whatever reason are available at the right price. He does not hide from his investors how he invests, what he invests in or his charges for the services he provides. He works alongside his clients because he is managing his own money in the same way.

 

When you meet your fund manager or wealth adviser or whatever other name they call themselves, don’t be seduced by the initial lavish language or entertaining or lavish date because normally this does not last and it is you who ultimately is paying for it anyway. Often the more lavish the entertaining, the more likely that they are ‘after’ something and that something is to erode more of your returns in fees.

 

In economics there is a term called giffen goods. These are goods by which the more that is charged the more that it is demanded, these are luxury goods. If your XXX handbag was available for £10 rather than £1,000 it would quickly lose its panache or lustre. Investment managers try and make their services desirable through charging more in the knowledge that most clients wrongly think: “If I pay more I must be getting a better product or a better performance”. However the research shows the precise opposite and that if you pay more, it simply means more money has been deducted from your savings and in turn they are then worth less.

 

Gina Miller is spearheading the True & Fair Campaign with her husband, Alan
Gina Miller is spearheading the True & Fair Campaign with her husband, Alan

The True and Fair Campaign's poster is part of their call to action
The True and Fair Campaign’s poster is part of their call to action

 

We have been working extremely hard via a True and Fair Campaign to force by law, the investment industry to stop this deception and reveal to customers exactly how much, in total, investments are really costing and how they are really invested. The scale of this deception is truly shocking.

 

Maybe, just like a good relationship, there needs to be substance and openness and trust or the relationship is not a real relationship but just an empty dalliance, fun at the time but not particularly rewarding thereafter. I implore you to trust your instincts, keep to your principles and do not be seduced by the flannel. Instead, do plan today for your tomorrows and the life you dream of as you grow older and go off into the sunset of retirement.

 

Happy Valentine’s Day.

 

For more information about the True and Fair Campaign, go to: http://www.trueandfaircampaign.com

5e3b97728b2e4bf58c9ff7822befe328?s=96&d=mm&r=g
The Steeple Times
We research and background check our articles. If you believe we have made and error in some detail please get in touch, we seek always to write the truth and stand against a press owned by a self selected few. Please help us, we will accept all your likes, subscriptions and anonymous suport. The Editor and his team at the Steeple Times.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisement
Advertisement

Become a Patron of The Steeple Times

Independent journalism will only remain independent if it is supported by clear-thinking people like you. We each have the command to make a real difference. Join us.

2,588FansLike
2,068FollowersFollow
10,904FollowersFollow

Subscribe For DAILY NEWS

Please subscribe, like and share this very British site, it helps us grow. Your data is protected and The Steeple Times will send you an email at noon everyday that we rather trust you will enjoy.

Advertisement

Other Stories You May Enjoy

Epstein Gets The Wrecking Ball – £13m Jeffrey Epstein crib demolished – Wrecking ball sent in to destroy Prince Andrew’s paedo bestie Jeffrey Epstein’s £13.2 million Palm Beach mucky mansion at 358 El Brillo Way, Palm Beach, Florida, FL 33480, United States of America – Purchased by Miami developer Todd Michael Glaser.

Epstein Gets The Wrecking Ball

Wrecking ball sent in to destroy Prince Andrew’s paedo bestie Jeffrey Epstein’s £13.2 million Palm Beach mucky mansion.
Hospitality vs. Headbangers 2021 – Hospitality vs. Government – Legal challenge to Boris Johnson’s government’s illogical refusal to allow indoor hospitality venues open whilst allowing indoor retail to be decided on this week.

Hospitality vs. Headbangers

Legal challenge to Boris Johnson’s government’s completely illogical refusal to allow indoor hospitality venues to open whilst allowing indoor retail to open to be decided on this week.
Flattening a Fountain – £12 million for mansion The Fountains, 39 The Bishops Avenue, Hampstead Garden Suburb, London, N2 0BA, United Kingdom ($16.6 million, €13.9 million or درهم61 million) with planning permission to demolish and replace through Knight Frank – Boxy “Town Hall classical style” mansion ‘The Fountains’ on infamous The Bishops Avenue, N2 for sale for £3 million less than it listed for in 2012; this time it is destined for flattening.

Flattening a Fountain

Boxy “Town Hall classical style” dictator crib ‘The Fountains’ on infamous The Bishops Avenue, N2 for sale for £3 million less than it listed for in 2012; this time it is destined for flattening.
A BIG Bugatti – £1.55m for 2013 Bugatti Veyron Grand Sport – Theodora Ong lusts after a 2013 Bugatti Veyron Grand Sport that currently sports the registration plate ‘BIG 3’ – For sale through Graeme Hunt for £1.55 million ($2.14 million, €1.79 million or درهم7.88 million).

A BIG Bugatti

Theodora Ong lusts after a £1.55 million 2013 Bugatti Veyron Grand Sport that currently sports the registration plate ‘BIG 3’ – but could become ‘BUG 8’
Don’t Come On Carrie! The nation does NOT need Carrie Symonds – Matthew Steeples argues that Daniel Johnson’s “Come on, Carrie: your country needs you!” call to Boris Johnson’s wine chucking latest baby mama is nothing but claptrap.

Don’t Come On Carrie!

Matthew Steeples argues that Daniel Johnson’s “Come on Carrie: your country needs you!” call to Boris Johnson’s wine chucking latest baby mama is nothing but claptrap.
Theresa’s in the Trough – Theresa May MP’s £1.2m in 2020 – 2021 – Matthew Steeples highlights that it is not just David Cameron who has been sticking his piggy fingers in the trough; Theresa May also ‘pocketed’ over £1.2 million in the last year alone.

Theresa’s in the Trough

Matthew Steeples highlights that it is not just David Cameron who has been sticking his piggy fingers in the trough; Theresa May also ‘pocketed’ over £1.2 million in the last year alone.
The Spectre Shooting Brake – 1 of 1 Rolls-Royce Wraith shooting brake – 2015 Rolls-Royce Wraith converted to a shooting brake by automotive genius Niels van Roij for sale for 157% more than it originally cost – Bonhams at their ‘Les Grandes Marques à Monaco’ sale in Monte Carlo on 23rd April 2021 with an estimate of £320,000 to £480,000 ($440,000 to $660,000, €370,000 to €550,000 or درهم1.6 million to درهم2.4 million).

The Spectre Shooting Brake

2015 Rolls-Royce Wraith converted to a ‘Spectre’ shooting brake by automotive genius Niels van Roij for sale for 157% more than it originally cost.
Courting Expletives 2021 – Emma Rivers v Jigsaw Homes Tameside – Extraordinary official civil judgment from the County Court at Manchester packed with expletives sums up the state of once Great Britain; one is simply left wondering if potty mouthed Emma Rivers was trained by the creosoted napkin slapper Dawn Ward.

Courting Expletives

Extraordinary official civil judgment from the County Court at Manchester packed with expletives sums up the state of the nation; one is simply left wondering if potty mouthed Emma Rivers was trained by the creosoted napkin slapper Dawn Ward.
Beecher’s Muck – Far right Jay Beecher supports Ghislaine Maxwell – Ghislaine Maxwell’s latest supporter revealed to be Jay Beecher, a far right-wing political writer and ex-Ukipper with associations to the quite rightly banned-from-Facebook ‘Politicalite’

Beecher’s Muck

Ghislaine Maxwell’s latest supporter revealed to be Jay Beecher, a far right-wing political writer and ex-Ukipper with associations to the quite rightly banned-from-Facebook ‘Politicalite’
Mucky Maxwell & Meddling Madeley – Ghislaine Maxwell apologist Richard Madeley exposed – EXCLUSIVE – Richard Madeley is an apologist for Ghislaine Maxwell suggests ‘The Steeple Times’ and his wife, of course, was an apologist for another sexual abuser, footballer Ched Evans.

Mucky Maxwell & Meddling Madeley

EXCLUSIVE – Meddling Richard Madeley is an apologist for Ghislaine Maxwell suggests ‘The Steeple Times’ whilst his wife, of course, was criticised for her views on sexual abusers in 2014.

Popular Articles From The Past

Weather

London
haze
6.9 ° C
8.3 °
5.6 °
93 %
3.1kmh
92 %
Wed
12 °
Thu
14 °
Fri
14 °
Sat
13 °
Sun
11 °