November 16th is the final online Revenue pay and file deadline for anyone who is obliged to make a tax return on non PAYE income. It’s also the deadline for those who want to reduce their tax bill by setting up or topping up a pension.
It might be helpful to know that some financial advisors are in agreement that ‘absolute return’ investment strategies are a sensible option.
This applies not only to older investors running out of time when it comes to pension funding, but even younger ones concerned about the uncertainty and volatility in all financial markets and the economy generally.
First, what is an absolute return investment strategy?
It’s a relatively new investment concept in which the investment manager aims to produce positive returns, regardless of the underlying market conditions or the direction that markets are taking.
At first glance, an absolute return sounds like common sense.
But also like the sort of theoretical claims made by every hedge fund manager that they would produce a positive return by always hedging the asset bets they made so that when one fell in value, it was hedged by one that would rise.
Fund managers tend to invest in a wide range of assets, such as equities, bonds, commodities and currencies and take a very flexible approach to meeting their benchmarks, which are usually relatively modest, but sustainable.
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