Covid-19 Market update – 03/08/20
As predicted in the last update, the investment market has been fairly stable but is beginning to show signs of volatility with the recent announcements of the actual drop in GDP worldwide in the second quarter of 2020.
Covid-19 Market update – 08/07/20
In the past month, we have seen the slow release from lockdown across the world, moving from civil unrest and widespread protests, right the way through to being able to go to the pub, play golf and get a haircut.
A Guide to the Credit Card and Personal Loan Repayment Holiday
Banks are helping those struggling to repay personal loans and credit cards, offering payment holidays of up to three months for people whose income has been affected by the lockdown, or COVID-19 in general.
Covid-19 Market update – 09/06/2020
May seems to have passed in a sunny blur and we are now entering month four of restrictions. Markets have shown remarkable resilience. The first quarter of 2020 was the worst three-month period since records began; the second quarter has, so far, been the best quarter in more than eighty years.
What is the Furlough Scheme and How is it Changing?
As a response to the coronavirus pandemic and the need for social distancing, as well as the closing of many shops and businesses, the government implemented the furlough scheme. Officially called the Coronavirus Job Retention Scheme, it is designed to enable employers to pay their workers during the lockdown.
As the Covid-19 situation continues to unfold, the most recent change has been the gentle lifting of restrictions to try and get economies back into gear. On both sides of the Atlantic progress in getting back to work has been slow and patchy.
COVID-19 – Market Update 29/04/2020
The FTSE 100 has pushed back through the 6000 barrier to 6017, meaning a recovery of 1024 points since the low point on 23 March 2020. Great news but to be viewed with an air of caution as we begin to see some results reporting from the big companies.
Avoiding Coronavirus scams – 24/04/2020
Staying Safe from Scams During COVID-19 As most of us spend this time staying inside our homes, and only leaving for essential shopping or to exercise, we are spending much more time online and on the phone. As a result, on Friday 20 March, the City of London Police reported a 400% increase in scams.
A week is a long time in the market now, so we feel that regular updates are more important than ever.
From everyone here at GPFM, we hope you are well. As a team we want to offer our congratulations to everyone for staying at home where possible and suffering this ‘short-term discomfort’ to achieve all of our various longer-term goals.
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