I’m guessing that many, many of us will be thinking yes to that question currently after a year of loungewear and every type of grooming being an amateur effort (if at all!). But actually, what I’m referring to is the need to check in on your investment style to ensure it still fits your purpose and the landscape ahead.
Having been one of those people frantically trying to use up my ISA allowance before the end of the tax year one too many times, I’m not going to admonish anyone who came to regret April 5th being on a beautiful Bank Holiday. I hope you all got to use this most useful tax shelter to the maximum.
Your younger years wouldn’t be your youth unless they were “wasted” to a large extent with fun and frivolity. Goodness knows, there’s enough time for the more serious cares of life to weigh you down. However, there is one notable exception to that creed: investing.
The Bank of England estimates that Britons are sitting on £100 billion of excess savings due to lockdowns. Almost three-quarters of people say they aren’t going to spend their extra cash and are presumably going to put it to work. For those investing for a better financial future, there is a strong case to be made for buying British – that is, upping their exposure to UK equities.
Prior to the pandemic, talking about the return of inflation would have got you laughed out of the room. If anything, persistently low inflation was arguably something of an issue. Those times are over. The consensus now is that inflation is right around the corner.