10 September 2013

Sauve qui peut! Your Pension is not safe!

Any trust you may put into the state providing you with a secure retirement income must be shattered by the news that another country, this time Poland, a honourable (?) member of the European 'Community' has conducted a defacto nationalisation of private pensions. No comment needed. So who is next? The Indian peasants must be on to something when they buy their gold.

How to select a Private Bank - not for Snob Appeal!

Report about Goldman Sachs 'unboarding' the less wealthy among its former employees should be a reminder that snob appeal can be an expensive aspect when selecting a provider of private banking services. The key aspect any investor should consider is performance - not 'prestige' or the art in the meeting room or the architecture of the office building. Unfortunately most investors - even the 'high-net' or even 'ultra high-net' ones that most bankers pursue - find it difficult - if not impossible - to to obtain or compare performance data that is verifiable.