Goldby Wealth Management

Originally posted by : There is an art to making bad decisions, lately it seems there have been more and more opportunities to make bad decisions.

I decided that it was time to discuss bad decisions as I was hanging out the washing in the rain, the washing was already wet, the rain was patchy and the wind was strong, all in all there was a good chance the washing would end up drier than it started.

To make successful bad decision you have to ask your self what is the worst that can happen and consider if that's something you can accept when you consider what could be the worst outcome of making another decision.

Increasing interest rates put pressure on asset values and create new opportunities to secure guaranteed incomes, we know that the decisions we make won't always be right but we have an opportunity to make sure we know the outcome.

Your 6-minute update on last week's market news:

Stock Take 📈: You won't escape inflationary pressures anytime soon as the Bank of England raised interest rates to 5%.
Wealth Check 💰: As a business owner, you must regularly reassess your goals and the skills needed to grow.
In The Picture 📸: With still high, any money you've saved in a cash bank account will lose purchasing power over time.

WeekWatch - 26/06/2023 partnership.sjp.co.uk

For you to reach the next level in your business journey, you may need to adjust your strategy. This can mean bringing in new skills and capabilities.

But what makes a good board for a growing company?

What makes a good board for a growing company? partnership.sjp.co.uk

In today's WeekWatch:

Stock Take - Global performed well last week.
Wealth Check - What help can you get if you're looking after an older person?
In the Picture - Our Investment Approach.

WeekWatch - 19/06/2023 partnership.sjp.co.uk

Faced with difficult market conditions, many SMEs will be looking for cost improvements and efficiencies to help protect their squeezed margins. Here are six ways to keep a lid on costs in your business.

How to deal with rising costs: six ways to boost efficiency partnership.sjp.co.uk

After being distracted by the banking crises and the US debt ceiling issue over the last few months, are very much back to focusing on the macro factors driving central banks and where interest rates will end up. The challenge for policymakers is that inflation isn't playing ball.

WeekWatch - 12/06/2023 partnership.sjp.co.uk

LGBTQ+ people face unique challenges impacting their earning potential and decision-making around finances. Many factors present issues when it comes to wealth accumulation.

Financial factors impacting the LGBTQ+ Community partnership.sjp.co.uk

Keeping track of key financial metrics such as sales, costs, profit and cash flow, and analysing them regularly, can help you ensure your business is in good health.

Business intelligence for start-ups: how to tell your story in numbers partnership.sjp.co.uk

Since most people who own a home or have some savings are required to self-fund their care, carers sometimes assume that they personally aren't entitled to any financial support

As Carers Week begins, we answer your FAQs about finding and funding care partnership.sjp.co.uk

In today's WeekWatch:
- Stock Take 📈: the US Congress approved a deal to lift the country's borrowing limit and avert a default on its $31.4 trillion debt
- Wealth Check 💰: Creating a pension for your children could help set them up for future financial wellbeing
- In the Picture 📸: Our flagship production, The Investor, returns for its 116th edition

Recap the week's news here.

WeekWatch partnership.sjp.co.uk