Investment Advice and why I don't give it
I do not give paid investment advice. Nothing I write or publish should be construed as such. What I provide is a research and educational service. There are several reasons for this:
- Most importantly I am not authorised to do so by the FCA, the UK finance regulators or indeed any other regulator. Getting such regulation would be enormously complex and costly.
- I am a big believer in the 'teach a man to fish' principle. Therefore rather than say 'you should buy shares in company X rather than Y' I would prefer to teach you the principles by which you would see that company X is a better buy than company Y.
- Investment advisors, and indeed the entire investment management industry, has been tarred by a giant brush of overcharging for subpar performance and then varnished with a second coat of misselling. I don't want to be associated with such people...
Disclosure of positions
I may own long or short positions in any securities that I write about, or which could lose or gain value as a result of stuff I talk about. I will disclose any positions at the time, but please bear in mind I trade actively so my current portfolio may not be reflective of disclosures when things are written. Basically you should assume that I have a financial interest in whatever I write about, and be accordingly sceptical about my motives.