Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

US Stocks Record Worst First-Half Fall In 50 Years Global stocks down amid war and recession fears, while household incomes are falling. US stock markets have suffered the sharpest first-half slump in 50 years, with the S&P 500 down by 20.6% and the tech-heavy NASDAQ tumbling 30% in the last six months. London and Wall Street shares were down again this week as markets react to fears of a global downturn. On Thursday the FTSE was down nearly 2% and the NASDAQ was down 3.65% after recovering slightly from previous sell-offs. Why the markets matter to you? · Taxes · Investment · Jobs · Pensions and Savings · Confidence The market correction means billions has been wiped off the value of quoted companies, mutual funds, unit trusts and pension funds. Chaos in Sri Lanka…does it matter? How can you protect your savings? 5 things you need to know about money 1. How to earn more money 2. How to manage money 3. How to invest money 4. How to protect money 5. How to borrow money and use debt You are losing money on

Buying And Selling Property At Auction UK PROPERTY TALK Key things to consider when buying or selling at auction: Do you know the difference between buying at auction and buying through the traditional private treaty method that most people use in traditional estate agencies? Are you buying through traditional or modern auction? Have you done ALL your homework and survey checks before the auction? Have you got your finance in place ready to complete withing 28 days of a successful bid? Are you able to complete the purchase within 28 days of the hammer going down? Have you got your deposit - 5-10% of the agreed bid price - ready to pay on the day? Watch video - https://youtu.be/cpFTKpiWbp0 If bidding in an online or physical auction have you ensured that you are fully registered to bid? Have you read the legal pack or given it to your solicitor to check? Have you done all your due diligence prior to the auction? Have you considered why this property is being sold at auction? Have you set your maximum bid limit

Strikes, Gas Shortages, Higher Interest Rates and Inflation Point To A Summer of Discontent and Recession Rail unions strike for higher pay and better working conditions. More industrial action on the way threatening to stall the economic recover and drive the country into recession. The US and China, the world’s two biggest economies are also stalling, and Germany is facing gas rationing. Inflation is at a 40-year high forcing central banks to raise interest rates pushing up the cost of borrowing for millions of cash-strapped consumers. Stock markets recovered slightly after falling sharply last week. People buying less at supermarkets as food prices rise, BBC reports. Interest Free Loans Launched To Help The Financially Vulnerable A Treasury-backed scheme offering interest-free loans to the financially vulnerable is being rolled out in various parts of the UK to help up to 20,000 people. The UK government scheme will be run by credit unions and other lenders, with an aim is to offer emergency loans to peopl

Interest rates have been increased from 1% to 1.25%, the fifth consecutive rise, to reach the highest level in 13 years. In America, the Fed went further raising rates by .75% to a target range of 1.5-1.75 percent and forecasts a 3.25-3.5 percent fed funds rate by year-end. It comes as finances are being squeezed by the rising cost of living, driven by record fuel and energy prices. Inflation - the rate at which prices rise - is currently at a 40-year high of 9%, and the Bank – which last year said inflation was “transitory” now warns it could surpass 11% by October. But everyone knows inflation is already well into double digits with heating and fuels bills doubling for many families. Watch videoversion - https://youtu.be/hlTwicSwPIw In a survey carried out by the BBC some people revealed that they are skipping meals to save money and cutting back on spending on luxuries and entertainment. With no sign of oil and gas prices coming down soon, this all points to a recession. Crypto collapse continues as BTC lo

Apple will launch a new ‘buy now pay later service’ (BNPL) scheme in the US to spread the cost of purchases over four to six weeks. The BBC reported last December that over 15 million people in the UK are already using BNPL services run by the likes of Klarna, Clearpay, Laybuy and PayPal. Challenge to traditional; banks. Citizens Advice reported concerns that 12 million adults are using BNPL services to pay for essentials such as food a toiletries. Deferring payment will be made even easier with millions of iPhone users tapping their way into easy debt. The BNPL market is expected to be worth £30 billion by the end of the decade. Apple’s move comes as the cost of living has reached new highs with the cost of unleaded petrol hitting £2 per litre! One haulage firm said the cost of fuelling a truck has risen by £20,000 a year, which will be passed on to customers. The pound fell this week after Boris Johnson survived a vote of no confidence. Although the Queen’s Jubilee celebrations gave a welcome boost to spend

Has The Property Market Crash Started? In this episode: Market slowdown has already started in UK and US. Sales activity slowing as mortgage rates soar. Property slowdown usually follows a stock market fall, which has happened. Affordability at record high Average UK salary - £31,772 (2021) Average UK house price £278,000 (March 2022) 278,000/31772 = 8.75 x average salary to buy an average property in the UK Inflation over 8% in US and Eurozone, which means higher interest rates. Higher rates could crash the already weakened economy. How will UK market react? A 20% drop in prices will still only leave us to the market was in 2020. Buying and selling at auction – UK Property Talk JOIN ME FOR UK PROPERTY TALK SAT 4 June 2022 10AM Buying and Selling at Auctions – click here to register https://contexttraining.aweb.page/p/c1e369d0-56b1-45a3-8264-0c0a7e875d23 FREE TRAINING – PROPERTY INVESTING SECRETS This Property Investing Secrets free training webinar is designed by the industry’s top investing trainers to brin

How To Solve The Energy Crisis At A Stroke Soaring oil and gas prices are crippling western economies and ordinary people are suffering. But there is a way western leaders can end the energy crisis in an instant…watch video. Check out full video - https://youtu.be/t-yniGn_SKA ECB Warns Of Housing Market Bubble The European Central Bank has warned this week that a housing market correction – caused by faltering economies, inflation and the Ukraine war – could put banks at risk of defaults and hit low-income families. Windfall tax to help people with fuel bills announced In the UK, Chancellor Rishi Sunak has announced a £5 billion package to ease the burden on soaring energy bills for millions of households. The aid will be funded by a controversial ‘windfall tax’ on energy companies which have profited from record oil and gas prices. Every household will receive £400 through their energy bills and the poorest will also receive £650 to help with the rising cost of living. FREE TRAINING – PROPERTY INVESTING SECR

Global share prices experienced sharp falls in UK, US and Asia as rising prices and slowing economies spook investors. On Wednesday, US shares recorded the biggest one-day drop in two years since the start of the pandemic. The NASDAQ plummeted 4.7% and has opened down again continuing a longer-term decline – down 18% YTD and the DOW JONES declined 14% since the start of 2022. It’s not only tec stocks being sold off. Blue chips, like Unilever and Tesco’s, have also dropped by 4.4% and 5% respectively. The biggest Faller on the UK market was Royal mail plummeted 12%. The UK FTSE 100 index fell 150 points today. Inflation Inflation is eating away at your savings as well as costing you more to live. The buying power of your money in the bank is falling by around 10% every year, which means that £1000 will be worth just £900 next year. In other words, in 12 months’ time your £1000 will buy you the equivalent of £900 of the same goods. In the meantime, the price of those goods are going up by 10%. If inflation figu

Trouble Ahead For UK Landlords As Section 21 ‘No Fault Evictions Will Be Abolished In this episode: · Renters Reform Bill announced in Parliament. · Planning reform · Property prices · Demand has jumped for properties where all the bills are included in the rent, according to Rightmove. · The property website said inquiries for build-to-rent homes with bills included had risen by 36% over the past year. · It comes as two students had to pay £27,000 up front to secure a Cardiff flat, due to rental market demand. · The Welsh government plans to consult on rent control for private rentals. · Rents are rising at the fastest rate for more than 13 years, according to property experts Zoopla. They said this is because of limited supply, caused by an "exodus" of private landlords. · Last month, Wales had the biggest annual jump in rental prices outside of London - up 13.9% to £882 per month according to Rightmove. UK Property Talk Show 10AM Saturday. Click link to join: - https://bit.ly/3sjxRa1 UK Economy dips last m

Interest rates rise as Bank of England warn of recession and 10% inflation The Bank of England has warned that the UK economy will shrink this year as it raises interest rates to try to stem the pace of rising prices. Base rates were hiked to 1% from 0.75% (50% higher), their highest level since 2009 and the fourth consecutive increase since December. With fuel, energy and food costs soaring partly due to the Ukraine war, inflation is now at a 30-year high and will reach 10% by the end of the year, according to Bank of England Governor Andrew Bailey. Ordinary people are starting to rein in spending which is hitting growth. Watch video version – Click here https://youtu.be/ccHYLfMXBwA Will higher interest rates curb inflation? Higher interest rates make it more expensive for consumers and businesses to borrow, leading to lower spending and demand. People start spending less, demand for goods and services cool slowing the pace of price rises. However, there are some economists who think that that increases in i

The world’s largest economy contracted by an annualised rate of 1.4% in the first three months of this year. The sharp drop follows growth of over 6% in the final quarter of 2021. Business insolvencies in England and Wales jump to 60 year high. Rapid increase in voluntary liquidation is driven by inflation and supply chain difficulties. World Bank warns of human food catastrophe and war causes shortages and soaring prices. Food prices are now at the highest rate since UN Food Index tracking records began 60 years ago after jumping 13% in March. Watch video version What does inflation mean to you? The costs of goods and services has risen by 49.4% since 2010, which means you need £14,936 to have the same buying power as £10,000 in 2010. Stock Markets jittery Stock markets in Europe and Asia fell sharply this week at n fears of Chinese lockdowns but later recovered. House prices still rising in the UK A shortage of family homes continues to drive up demand despite recent interest rate rises. 3 quick tips to GET

Food shortages and even rationing could be on the way as the Russia Ukraine war continues. Sanctions against Russia are forcing up the price of everything from oil and gas to wheat and Fertiliser chemicals. This is adding to existing problems of inflation caused by ‘government money creation’, soaring shipping costs and supply chain issues in China. Farmers are warning of coming food shortages, as items like cooking oil disappear from supermarket shelves. Watch video version. Economy is in winter season right now but…winters don’t last forever! · Bulk buy non-perishable consumer goodsand food as a hedge against inflation · Buckle down, tighten your belts and get through this, you will survive! · Consider spreading the cost on direct debit to cushion the blow. · Build your credit lines and watch your credit rating like a hawk. · Earn more cash by doing part-time jobs or a side-line business. Watch my ‘5 Inflation-Busting Tips’ for money saving ideas to help you through this. -https://youtu.be/2jZCO4V7uX0 Join

The controversial Tesla boss has offered $54 a share valuing Twitter at $40 billion. Musk, who refused a seat on the board after becoming Twitter’s largest shareholder earlier this month, said he is the right person to “unlock” the social media platform’s “extraordinary potential”. As the share price jumped 5%, he warned that he would have to “reconsider” his stake in the company if his bid was refused. The billionaire has taken Tesla from start-up to the world’s most valuable car maker. See video version- https://youtu.be/NcZztHe9qzs Trouble ahead as consumer prices reach highest level since 1992 “Over 36 countries depend on Russia or Ukraine for half their wheat imports” Antonio Guterres, UN Secretary General In a broadcast this week, the UN Secretary General warned of rising poverty and added: · Wheat up 30% · Oil up 60% · Natural Gas up 50% · Fertiliser up 100% These essential commodities affect all our daily lives and have risen in price far above the published inflation rate. Official CPI inflation in t

UK house prises continue to rise due to a shortage of family homes, the Halifax reports Despite the worst recession since the second world war, the price of the average home in the UK has rocketed by £43,577 since the start of the first lockdown two years ago, the Halifax has said. The UK’s biggest mortgage lender said the 18.2% rise increased the cost of an average home to £282,753. Buyers seeking more space saw a 21% rise in the price of detached homes compared with a 11% rise in flat prices over the same period. Higher mortgage rates will start to reduce buyer affordability and the amount people can borrow, which may dampen prices. Increased living costs will inevitably affect how much first-time buyers can save, borrow and spend on a property. As we enter the traditional springtime buyer activity season, estate agents are already reporting continued demand and a shortage of larger family houses, which means sellers can obtained higher prices. Funeral plan provider goes bust – what do you now if you have a

Are Your Learned Limiting Beliefs Holding You Back? Many of us have baggage that we carry around throughout our lives like a camel. Most of these limiting beliefs or fixed ideas are things that we have learnedthrough experience from people or events in our lives. Some of these come from a parents, friends, lovers, teachers and so on. Watch video version. Unfortunately, many of these beliefs are negative. They have not come from successful, positive people, but usually from unsuccessful, negative people that we encounter in our lives. We carry these beliefs around like backpacks which weighs us down throughout our lives. We drag them into new relationships and expect people to accommodate us and our emotional baggage. Examples of these beliefs could be: · I don’t trust men, I don’t trust women · Rich people are greedy crooks or evil · Money is the root of all evil or is bad for us · People who are nice to us want something in return. · People of a certain race, age or gender are this way or that way Learned be

5 Inflation-Busting Tips To Survive The Coming Recession Spring may be in the air, but the economy is still very much in winter! Like the seasons, the economy and markets are subject to natural cycles. We have had a long upturn and bull market and now we are entering a downturn or bear market. Inflation has reached a 40-year high, prices of everything going through the roof and a war causing a food a fuel crisis. Stock markets have been falling from their recent highs, and the property market may have reached a peak as demand slows. Watch videoversion - https://youtu.be/2jZCO4V7uX0 Last week, hundreds of workers for P&O Ferries were fired without warning on Twitter and replaced by cheaper agency staff. How would you cope if you lost your job? Do you have sufficient savings to pay your bills? How long will your savings last? What will you do to survive and even thrive in this recession? Here are my 5 inflation-busting tips: 1. Loyalty cards and money saving and rewards websites can save you thousands 2. Ma

The US Federal Reserve is raising interest rates for the first time since 2018 in an attempt to bring fast-rising prices under control. The US central bank said it was lifting its benchmark rate by 0.25% and signalled plans for further rate rises in the months. Watch video version The Bank of England increased rates for the third time in the last six months to .75%. The moves come as the economy faces new uncertainty caused by the Ukraine war and coronavirus outbreaks in China. They are expected to have widespread global repercussions. By increasing rates, the Fed will make it more expensive for households, businesses and governments to borrow. It is hoping that will cool demand for goods and services, helping to ease price inflation in the US, which hit a new 40-year high of 7.9% last month. U.S. and other global stock prices have been falling since the Federal Reserve warned that they would finally slow down their massive monthly bond-buying scheme and begin hiking interest rates – kept artificially low sin

Sanctions on Russia are having a negative impact on Western economies at a time when they were starting to recover from the pandemic led recession. As the US and UK bans imports of Russian oil, and price of oil soars to near record levels, it has been reported that Middle East leaders refused to speak to President Biden. This could signal a major shift in the world balance of power away from US dominance. View Video Version - https://youtu.be/_Z0_kwsD8rs Food prices will rise even higher as wholesale wheat and fertilizer prices rise. The price of filling up the average family car with petrol has gone above £90, and in the US where petrol was always so cheap it has now hit $4 a gallon. This will inevitably mean less available money for people to spend in the wider economy. Stock markets around the world have been falling in the last month, but commodity prices and precious metals are going through the roof! Take a look at Gold, Silver, platinum and Uranium. · Gold up 13.9% in last month. · Silver up 13% in the

Oil and Gas price soar amid supply chain worries after the Russian invasion of Ukraine. With inflation already soaring to 30-year highs there is no sign of relief for businesses and consumers recently hit with higher prices for petrol and gas. UK and European stock markets fell sharply with the FTSE 100 closing down 190 points (2.57%) and the FT250 down 696 or 3.57%. US markets are also down wiping billions of dollars off the value of western companies. Watch video version Russia’s economy appears to be in freefall as sanctions force a collapse of the Rouble and Russian stock market. Businesses are severing ties with Russia and lending markets are being closed off. Property News HMO landlords renting rooms on an ‘bills included’ basis will be hit with massive cost increases this year. Gas prices have already doubled and could go even higher if the war chokes off supplies. The Nationwide survey was published this week and reported a 12.6% annual increase in UK house prices to February 2022. The cost of a typic

Markets Crashing Around The World As Russia Invades Ukraine Billions are being wiped of the value of stock markets all over the world today on the news that President Putin has sent his army into Ukraine. The prices are flashing red and moving down. On Thursday, the FTSE lost over 3% or 300 points and the Dow Jones was down nearly 700 points by 2%. Watch video version - https://www.linkedin.com/groups/8943012/ The FTSE is down 10% since January. The US S&P and Nasdaq indices are also down over 10% from recent highs, which is entering into correction territory. Oil topped $100 a barrel and gas prices jumped again threatening to send western economies further into recession. Consumers will be hit with higher petrol, gas and food prices as sanctions are imposed on Russia. Will property follow stock market falls? Property prices in the US could have peaked after a 20% spike last year as higher mortgage rates (anticipating a rate increase by the Fed) are already hitting buyers and refinance applicants. UK aver