Many Happy Returns

The UK stock market is shrinking. Since 2007, the number of listed companies has fallen by 45%, and those that remain trade at stubbornly low valuations compared to global peers. What’s driving the decline? And can it be stopped? And in today’s Dumb Question of the Week: What is the new PISCES private stock market? --- Thanks to Raisin UK for supporting this episode.  Raisin UK is a free, easy-to-use platform where you can access savings accounts from over 40 FSCS-protected banks and building societies — all in one place.  What's more, for a limited time only, you can receive a £100 bonus when you register and fund your first savings account with a minimum of £10,000 using the code "SAVINGS100". For more details, please visit the link raisin.co.uk/pensioncraft [https://raisin.co.uk/pensioncraft] --- Get in touch 📧 mhr@pensioncraft.com [ mhr@pensioncraft.com ] 🎧 many-happy-returns.captivate.fm [https://many-happy-returns.captivate.fm] --- Join PensionCraft 🌐 Become a member at pensioncraft.com [http://www.pensioncraft.com/] ▶️ Subscribe on YouTube [https://t.co/iWOra258bU] --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns

AI stocks are soaring. Valuations are stretched and capital spending is off the charts. To many, it smells like a bubble. But what if it’s not? What happens to markets if AI actually lives up to the hype? How could it reshape business models, transform economic growth, and change the way we invest? And in today’s Dumb Question of the Week: Will index funds still work if the most successful companies stay private? --- Thanks to Raisin UK for supporting this episode.  Raisin UK is a free, easy-to-use platform where you can access savings accounts from over 40 FSCS-protected banks and building societies — all in one place.  What's more, for a limited time only, you can receive a £100 bonus when you register and fund your first savings account with a minimum of £10,000 using the code "SAVINGS100". For more details, please visit the link raisin.co.uk/pensioncraft [https://raisin.co.uk/pensioncraft] --- Get in touch 📧 mhr@pensioncraft.com [ mhr@pensioncraft.com ] 🎧 many-happy-returns.captivate.fm [https://many-happy-returns.captivate.fm] --- Join PensionCraft 🌐 Become a member at pensioncraft.com [http://www.pensioncraft.com/] ▶️ Subscribe on YouTube [https://t.co/iWOra258bU] --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns

President Trump announced a ceasefire in the war between Israel and Iran. Markets reacted swiftly: stocks rallied, oil plunged, the dollar and gold slipped. But as investors shrug off geopolitical tensions, are they underestimating the risks? And in today’s Dumb Question of the Week: Can you buy oil? --- Thank you to Trading 212 for sponsoring this episode.  Claim free fractional shares worth up to ‎£⁠100. Just create and verify a Trading 212 Invest or Stocks ISA account, make a minimum deposit of £1, and use the promo code "RAMIN" within 10 days of signing up, or use the following link:  Sponsored Link. Terms apply - trading212.com/join/RAMIN [https://trading212.com/join/RAMIN] When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. Free shares can be fractional. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Terms and fees apply. --- Try PensionCraft’s Premium Membership and get 75% off your first month.  Simply use coupon code SAVE75 before July 1st, 2025. Gain access to premium content, and remember, you can cancel anytime and still retain access to our Beginner's bundle of courses. pensioncraft.com/investor-education/membership [https://pensioncraft.com/investor-education/membership/] --- Get in touch 📧 mhr@pensioncraft.com [ mhr@pensioncraft.com ] 🎧 many-happy-returns.captivate.fm [https://many-happy-returns.captivate.fm] --- Join PensionCraft 🌐 Become a member at pensioncraft.com [http://www.pensioncraft.com/] ▶️ Subscribe on YouTube [https://t.co/iWOra258bU] --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns

Stock markets tend to go up over time — but every so often, they fall off a cliff. Some crashes are brief and recover quickly, while others shake the financial world to its core. But what can we learn from the scariest days in stock market history? And in today’s Dumb Question of the Week: What is a circuit breaker? --- Thank you to Trading 212 for sponsoring this episode.  Claim free fractional shares worth up to ‎£⁠100. Just create and verify a Trading 212 Invest or Stocks ISA account, make a minimum deposit of £1, and use the promo code "RAMIN" within 10 days of signing up, or use the following link:  Sponsored Link. Terms apply - trading212.com/join/RAMIN [https://trading212.com/join/RAMIN] When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. Free shares can be fractional. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Terms and fees apply. --- Try PensionCraft’s Premium Membership and get 75% off your first month.  Simply use coupon code SAVE75 before July 1st, 2025. Gain access to premium content, and remember, you can cancel anytime and still retain access to our Beginner's bundle of courses. pensioncraft.com/investor-education/membership [https://pensioncraft.com/investor-education/membership/] --- Get in touch 📧 mhr@pensioncraft.com [ mhr@pensioncraft.com ] 🎧 many-happy-returns.captivate.fm [https://many-happy-returns.captivate.fm] --- Join PensionCraft 🌐 Become a member at pensioncraft.com [http://www.pensioncraft.com/] ▶️ Subscribe on YouTube [https://t.co/iWOra258bU] --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns

Beating the benchmark is the holy grail of active management — but it’s notoriously difficult and rare. Still, against the odds, a handful of portfolio managers do outperform the index, even if only fleetingly. We explore the tactics funds use to gain an edge. And in today’s Dumb Question of the Week: What is the ‘Information Ratio’? --- Thank you to Trading 212 for sponsoring this episode.  Claim free fractional shares worth up to ‎£⁠100. Just create and verify a Trading 212 Invest or Stocks ISA account, make a minimum deposit of £1, and use the promo code "RAMIN" within 10 days of signing up, or use the following link:  Sponsored Link. Terms apply - trading212.com/join/RAMIN [https://trading212.com/join/RAMIN] When investing, your capital is at risk and you may get back less than invested. Past performance doesn’t guarantee future results. Pies & Autoinvest is an execution-only service. Not investment advice or portfolio management. Automatic investing refers to executing scheduled deposits. You are responsible for all investment and rebalancing decisions. Free shares can be fractional. 212 Cards are issued by Paynetics which provide all payment services. T212 provides customer support and user interface. Terms and fees apply. --- Try PensionCraft’s Premium Membership and get 75% off your first month.  Simply use coupon code SAVE75 before July 1st, 2025. Gain access to premium content, and remember, you can cancel anytime and still retain access to our Beginner's bundle of courses. pensioncraft.com/investor-education/membership [https://pensioncraft.com/investor-education/membership/] --- Get in touch 📧 mhr@pensioncraft.com [ mhr@pensioncraft.com ] 🎧 many-happy-returns.captivate.fm [https://many-happy-returns.captivate.fm] --- Join PensionCraft 🌐 Become a member at pensioncraft.com [http://www.pensioncraft.com/] ▶️ Subscribe on YouTube [https://t.co/iWOra258bU] --- Disclaimer This podcast is for informational and entertainment purposes and is not financial advice. We do not provide recommendations or endorse any decision to buy, sell or hold any security. We cannot be held responsible for any actions listeners may take and investors are encouraged to seek independent financial advice. Copyright 2023 Many Happy Returns