From £70K to unemployed…

Nick Hubble| 29 Aug 2020 You cannot afford to be unprepared  Dear Reader,    When Tim's wife was made redundant from her job at RBS…   He wasn't initially too perturbed.   She had received 1,000 shares as part of her redundancy package.   At the time, they were worth around £20.   And Tim, aged 49, was a senior civil servant.   However, when he too, was made redundant… losing a salary of £70,000-plus a year…   The shares were worthless, wiping out the safety net Tim hoped they'd provide.   Meaning if things didn't improve, he'd have to sell the house…   Which, with the market so depressed, would be a real struggle.   This is a true story which was originally told to and printed in The Guardian FIVE YEARS after the crisis of 2008.   I repeat it here for two very good reasons…   First, it shows what can happen if you are unprepared for the absolute worst case scenario.   And by unprepared, I mean having every last penny tied up in the traditional, buckling financial system at points of intense panic and stress.     Secondly, if you thought the 2008 financial crisis was bad…   It looks like being knocked for six by what's happening now.   In fact, if you listen to what renowned economist David Rosenberg told BNN Bloomberg: COVID-19 looks set to spur a depression '10 times worse' than 2008.   He's not the only one who believes so.   Kenneth Rogoff (the former chief economist of the IMF) sees the 2008 global financial crisis as a mere dry run for today's economic catastrophe... "with a short-term collapse in global output likely to rival or exceed that of any recession in the last 150 years".   Can you see why taking some sort of evasive action today is so important?   Click on this link now… and I can show you six smart steps to take immediatelythat can help shield a portion of your wealth from any impending or possible financial panic.   Nothing is fool-proof; however, I have used measures like these before… shared them with tens of thousands of investors in previous crises in the UK and Australia.   Like I say, let me walk you through them here.   Given how volatile the world seems just now, I believe you should at least see what I have to say.   After all, it won't cost you anything to listen.   Best,   Nick Hubble Chief Strategist, Southbank Investment Research

Important Risk Warnings:   Before investing you should consider carefully the risks involved, including those described below. If you have any doubt as to suitability or taxation implications, seek independent financial advice.   General - Your capital is at risk when you invest, never risk more than you can afford to lose. Past performance and forecasts are not reliable indicators of future results. There is no guarantee dividends will be paid. Bid/offer spreads, commissions, fees and other charges can reduce returns from investments.   Overseas shares - Some recommendations may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Any dividends will be taxed at source in the country of issue.   Funds – Fund performance relies on the performance of the underlying investments, and there is counterparty default risk which could result in a loss not represented by the underlying investment. Exchange Traded Funds (ETFs) with derivative exposure (leveraged or inverted ETFs) are highly speculative and are not suitable for risk-averse investors.   Bonds – Investing in bonds carries interest rate risk. A bondholder has committed to receiving a fixed rate of return for a fixed period. If the market interest rate rises from the date of the bond's purchase, the bond's price will fall. There is also the risk that the bond issuer could default on their obligations to pay interest as scheduled, or to repay capital at the maturity of the bond.   The Financial Conduct Authority does not regulate certain activities, including the buying and selling of commodities such as gold, and investments in cryptocurrencies. This means that you will not have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme.   Taxation – Profits from investments, and any profits from converting cryptocurrency back into fiat currency is subject to capital gains tax. Tax treatment depends on individual circumstances and may be subject to change.   Investment Director: Boaz Shoshan and Charlie Morris. Chief Strategist: Nick Hubble. Editors or contributors may have an interest in shares recommended. Information and opinions expressed do not necessarily reflect the views of other editors/contributors of Southbank Investment Research Limited. Full details of our complaints procedure and terms and conditions can be found on our website www.southbankresearch.com.   The Fleet Street Letter Monthly Alert is issued by Southbank Investment Research Limited.    Southbank Investment Research Limited is authorised and regulated by the Financial Conduct Authority. FCA No 706697. https://register.fca.org.uk/. Exponential Investor is published by Southbank Investment Research Limited. Customer Service Please do not reply to this email. This email inbox is not monitored. To contact customer services, please click here. Alternatively, telephone us on 0203 966 4580, Monday to Friday, 9.00am - 5.30pm. Email Reference: EXIDE03 To unsubscribe from Exponential Investor please click here. © 2020 Southbank Investment Research Ltd. Registered in England and Wales No 9539630. VAT No GB629 7287 94. Registered Office: 2nd Floor, Crowne House, 56-58 Southwark Street, London, SE1 1UN.