What is the new ‘Normal’
15th September 2020
Looking back on my last communication, I advised we were preparing for the move to our new office in Bristol. I am pleased to say, our team of Sara, Kate and Andy have successfully completed the office refit and delivered a professional and personalized space for us to work. As the Finance Director, I am especially delighted they were bang on budget, so a big thank you to all involved.
As a taster, this is the original mural we had painted on the main wall by a young Bristol artist Wei Ong (Silent Hobo). As you can see, he has captured the Brunel and Ironbright logos in the Balloons going over the iconic Clifton Suspension Bridge. I must say, we were all ‘blown away’ by Wei’s mural. Assuming a return to face to face meetings next year, we will be delighted to meet you at our new office if you wish and show you around.
Whilst writing this, I am recovering from a dose of anesthetic following a trip to the dentist to have a crown fitted. It did make me think if we were returning to some normality as this work has been deferred since lockdown. On seeing my dentist fully PP’d up and advising he could only see 2 patients a day for this type of treatment, I realised we are still some way off the ‘normal’. This is reinforced by the government announcements as we see saw between the daily changes of numbers of people we can see or the daily changes to quarantine rules if we have managed to travel abroad.
So, as we move into Autumn, the never-ending Brexit negotiations are back in the news. It is clear from what we have seen in the financial markets this week, the daily news flow on deal or no deal continues to impact on the direction of the UK stockmarket and £ exchange rate. I have picked a couple of interesting articles on this subject for you to read if you so wish.
To reinforce Steve’s message last week, even with these Brexit and Covid 19 concerns, the Ironbright investment philosophy continues to follow its 3 guiding principles - Belief in the future, patience and discipline. We are optimistic and believe in long-term progress. Capital Markets work. They are far from perfect, but they do a good job of fairly pricing all available information and investor expectations about publicly traded securities. Once money is invested, patience is needed with an eye on the long term rather than what markets are doing today; and discipline, delivered through careful asset allocation, diversification and regular rebalancing of asset allocations to keep portfolios in line with the course set.
Whilst we navigate through this uncertainty, we continue to ensure your financial plans are on track and anticipate meetings will continue by Zoom or Teams. Even though it is not quite the same as a face to face meeting, I was re-assured from the feedback I had from a client meeting I held yesterday, where we had some complex scenarios to navigate, we can still deliver effectively your lifetime financial planning through a virtual meeting.
Stay healthy, safe and optimistic.