The financial world is often abuzz with the latest advice from soi-disant gurus and experts, but it’s essential to parse fact from opinion, especially when it comes to safeguarding your future. A recent stir in the financial community has brought the spotlight back onto the 4% withdrawal rule—a guideline for spending down retirement savings—and a...Continue reading
Investing is a complex interplay between financial acumen and psychological influence, a concept well-articulated by Charlie Munger, the renowned investor and vice chairman of Berkshire Hathaway. He once said, “Understanding both the power of compound interest and the difficulty of getting it is the heart and soul of understanding a lot of things.” Many people...Continue reading
As long as I’ve been doing this, there have been countless inquiries about the latest market trends and investment opportunities. A recent encounter in the U.S. perfectly encapsulates the challenges faced by financial advisors when approached for quick tips or validation of investment choices. I was asked about my thoughts on Bitcoin and Tesla shares,...Continue reading
Can you remember the first moment you thought about leaving your home country to live somewhere else? This question often evokes a mix of excitement and apprehension, reflecting the very essence of assessing and embracing risk. It’s a journey that parallels the intricate process of financial planning, especially in the diverse world of global investments....Continue reading
Ten years have swiftly passed since my wife and I bid farewell to the lively streets of Accra, Ghana. Our departure marked the end of an enriching two-year sojourn where the essence of international financial planning took on a new, profound meaning. Ghana, often unheralded in the world of global finance, provided a vibrant landscape...Continue reading
Financial planning is a multifaceted process that goes beyond just picking stocks and hoping for the best. It’s about strategically aligning one’s financial decisions with their life goals and finding peace of mind in the process. At Northern Cross Wealth Management, we understand that financial advice is a critical element in securing not only a...Continue reading
We are delighted to announce that our Managing Director has recently completed two new qualifications! As part of our commitment to providing you with the very best information and staying on top of vital changes, all necessary to make important decisions about your financial situation (both present and future), regulatory exams and professional qualifications are...Continue reading
Northern Cross Wealth Management are proud to announce that we have been awarded the Masthead FAIS Compliant Seal for 2023. This is the seventh consecutive year we have been awarded the Seal, which provides our clients with peace of mind knowing we maintain the highest standards of compliance. This seal is awarded to firms who are evaluated on the...Continue reading
The global economy is an ever-shifting landscape; understanding the trajectory of inflation is crucial for savvy financial planning. Here, we delve into five key insights about global inflation and its anticipated trends, offering a clear perspective for your financial strategies in the coming years. Projected Global Inflation Rates The financial crystal ball for 2023 and...Continue reading
Recently, I’ve been pondering the concept of balance. It’s a term we often associate with the well-worn phrase “work-life balance,” but that’s just skimming the surface of its true depth. Balance in our lives extends far beyond the simple dichotomy of work and leisure; it seeps into every facet of our existence – our relationships,...Continue reading
The UK’s financial landscape is undergoing a significant transformation with the introduction of the Consumer Duty by the Financial Conduct Authority (FCA). Set to take effect from this month (officially from 31 July 2023 for new and existing products or services that are open to sale or renewal and will come into force on 31...
Plotting the future of your finances doesn’t have to be a journey into the unknown, thanks to the clarity provided by cash-flow modelling. At its core, cash-flow modelling is a technique used to forecast your financial future, allowing you to visualise the impact of your financial decisions today on your life tomorrow. What is cash-flow...Continue reading