Futures finances are always difficult to predict but there are some things you can be sure of…

June 10, 2019

Factors that affect the future of our finances are always difficult to predict. Enable’s IFA’s in Bishop’s Stortford know the only one sure thing you can be sure of is change. If you are saving, investing, borrowing or looking for property Enable can help you manage your money through changing times.

One sure thing is that technology is racing forward and will almost certainly continue to do so. It will mean that nearly every aspect of our day-to-day lives will continue to be transformed by the growth of online services from food delivery, home power management, traffic apps, to GP consultations, and on and on.

This will have an effect on all aspect of our lives and the downsides might include continued pressure on our high streets, on travel agents, on branch banking and all manner of old-style businesses. But the upside will be that we will get an almost unimaginable range of new services that will, on balance at least, improve our daily lives and they will become their own businesses in themselves.

Global trade tension is likely to continue. The US and China are only just in the early stages of a battle for economic leadership that is likely to continue long after Donald Trump is no longer in office. What is happening to Huawei might give us a feeling for what is to come. But that does not mean that the world will descend into a global trade war, damaging prosperity for all other opportunities will arise.

Whatever happens with Brexit, Europe is likely to become less important in the world economy. This is not a pro or anti-Brexit comment, it is more of an observation that it is a slow-growth area with a declining workforce it is likely that the rest of the world will grow faster. Enable’s IFAs can help you make informed financial decisions in changing times.

It is important to take professional advice before making any decision relating to your personal finances. Information within this document is based on our current understanding and can be subject to change without notice and the accuracy and completeness of the information cannot be guaranteed. It does not provide individually tailored investment advice and is for guidance only. Some rules may vary in different parts of the UK. We cannot assume legal liability for any errors or omissions it might contain.

Levels and bases of, and reliefs from, taxation are those currently applying or proposed and are subject to change; their value depends on the individual circumstances of the investor. No part of this document may be reproduced in any manner without prior permission.

The value of investments can go down as well as up and you may not get back the full amount you invested. The past is not a guide to future performance and past performance may not necessarily be repeated. If you withdraw from an investment in the early years, you may not get back the full amount you invested. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency.


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