Your Argyle Financial Bulletin for December 2016
Dear Client,
The unexpected becomes the norm
2016 will be noted by most of the world in terms of being the year when the unexpected became the norm, marked by a huge gap in the perception of our political elite by the 'intelligentsia' on one hand and the vast majority of ordinary people on the other... who 'elected' to make their voices heard...!!! Where we go from here is as yet unknown. Ultimately, we can only hope the everyday concerns of everyday people are recognised and acted upon, by those who chose politics as their way of "making a difference" to people’s lives. In business terms the UK and the US have remained robust in the face of much doom mongering and whilst we continue to be optimistic about the future, we see no end in sight for short term volatility within the markets. Fund ReviewIt is our intention to review funds and asset allocation through early 2017. There is now concern that Gilt markets may be starting to turn downwards and recent events in Italy and other parts of the Eurozone could change things very quickly. As usual, we will keep you fully informed on our thinking throughout that process. Overall, we have enjoyed very good performance from your portfolios this year and it is our intention to use all of the tools and skills at our disposal to continue this pattern in the New Year. Charitable CausesAs with previous years we continue to support charitable causes rather than send Christmas cards and this year we have once again chosen Riding for the Disabled which is close to our hearts, as Jean is a highly active volunteer at our local branch. In this connection, we thought you might be interested to see a short video which Jean's colleagues have recently produced, showing some of the wonderful work which they are able to do with disabled youngsters, viewable on Youtube: Please click this link to view it. Finally, it only remains for us to wish each and every one of you a very Merry Christmas and, of course, a Prosperous New Year.
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