This week I am going to say something I did not think I ever would - investing in wealth service advisers might be a good idea.
The markets are in a funny mood. I recently hosted an event with the Tim Bond of Odey Asset Management. Tim was rather bullish on equities with some unprintable negative observations on bonds and gold, but the audience did not seem terrifically convinced...
At the end of every year I like to spend a pleasurable weekday evening, just before Xmas, supping a glass of red wine and looking at 52-week price returns data.
Fund management should be a fabulous business proposition. Employ a few smart managers, build a marketing team, sell a sexy new idea, take in assets under management and then retire off the AMC.
Innovative new national pension scheme called NEST seeks attentive, well-established fund managers willing to work hard for a small amount of money but lots of prestige.