text stringlengths 9 78.2k |
|---|
He recommends Blackrock New Energy investment trust, which trades at an 11 per cent discount to NAV [share price and charts]. |
Haynes adds that climate change is a specialist area so investors should limit exposure to no more than 5 per cent exposure of their portfolio. |
Changing world demographics mean the population is aging in the West and both growing and getting richer in developing countries. |
Investors can look to the agriculture and health sectors to exploit these long-term trends. |
'There is no doubt we are seeing a long term demand growth for foodstuffs,' says Haynes. 'The key factors are increasing population, changing dietary habits in emerging markets, and the use of biofuels which affects demand for grain. |
Haynes suggests people instead invest in agricultural businesses - fertiliser producers, machinery makers and those specialising in more efficient farm methods. |
He tips Saracen Agrisar [minimum investment: £1000; TER: 1.99 per cent] and Capital Finance Eclectica Agriculture [minimum investment: £5000; TER: 1.88 per cent]. |
When it comes to healthcare, he says as people in the West get older their needs for medical services and products will increase. Meanwhile, growing numbers of people in emerging markets will be able to afford improved medical care. |
In this area, he favours the AXA Framlington Health fund [minimum investment: £1000; TER: 1.57 per cent], which covers both pharmaceuticals firms and small biotech companies looking to make the next scientific advances. |
He notes that because of its one child policy China has the same demographics as more developed western countries. |
He recommends Worldwide Healthcare investment trust, which trades at a 5 per cent discount to NAV [share price and charts]. |
Cockerill says food also has a strong, simple connection to population growth. |
'The only way to have a bigger population is to feed them. If you can't feed them you can't have a bigger population,' he says. |
He thinks the best way to get exposure to agriculture is through direct equities like tractor firm John Deere or seed supplier Monsanto. |
The most compelling investment stories hold pitfalls for the unwary investor, warns economist Ian Bright, who heads the eZonomics behavioural investing team at Dutch bank ING. |
'It's important to be aware of the psychological traps investors can fall into when risking their money on an investment theme', says Ian. |
You may fall prey to 'availability bias'. |
'You see a lot of news about a particular topic. You focus on these themes - articles about peak oil, climate change, demographics,' says Bright. 'You end up in a situation where the information you get is the same and is building your view. |
This can lead you into straight into another trap, known as 'herding'. Investors will often herd together in pursuit of a popular trend, which ends up becoming a bubble. |
The dotcom mania of 1999-2000 is a classic example. People joined in because others were making money, and by doing so encouraged yet more people to get caught up in it. |
When investors get enthused by fashionable topics, they are also at risk of falling into the traps of 'overconfidence' and 'illusion of knowledge', says Bright. |
Surveys of human behaviour show we have a tendency towards overconfidence - and in the financial world people often convince themselves they can foresee the future. |
Also, once we learn a little bit about a subject, we can start believing we know a lot. |
But Bright cautions that when it comes to complex subjects like peak oil, you don't actually know as much as you think. |
And even if you do happen to know a lot, because for instance you work in the oil industry and decide to invest in it too, this can lead to the trap of 'unintended non-diversification'. |
You risk losing your job and seeing your investments fall at the same time if the oil story takes an adverse turn, explains Bright. |
He adds: 'You could think of the various people working in banking who may have had large amounts of their wealth associated with shares in the finance sector. |
When you research and closely monitor a big investment theme, another common trap is 'confirmation bias'. |
'You start to see news articles which confirm what you have invested in, and you ignore the stuff that contradicts your view,' says Bright. |
If you become convinced by a particular big theme, it can be very hard to accept when your investments fail to perform, making you vulnerable to 'loss aversion'. |
Bright says: 'Let's say you have invested in something and it's not working. That leads to loss aversion - a psychologically scarring loss. You have learned about it. It's very difficult to say "this was wrong, I am closing out". |
Read a This Is Money guide to the tricks and traps of behavioural investing. |
Jack Maynard is the brother of singer-songwriter Conor Maynard and a YouTube vlogger who is appearing on I’m A Celebrity… Get Me Out Of Here 2017. |
THE vlogger sensationally left I'm A Celebrity after only three shows. Here's what you need to know about him and who he might be dating now. |
A small U.S. study raises new questions about whether using electronic cigarettes will lead people to quit smoking, adding to the debate over how tightly the products should be regulated. |
The study, which looked at the habits of 88 smokers who also used e-cigarettes, was published as a research letter in the journal JAMA Internal Medicine on Monday. It found that smokers who also used e-cigarettes were no more likely to quit smoking after a year, compared to smokers who didn't use the devices. |
Outside experts say the small number of respondents, and a lack of data on whether they intentionally used e-cigarettes to help them quit smoking, mean the findings from the Center for Tobacco Control Research and Education at the University of California, San Francisco can't take the place of much more rigorous study ... |
E-cigarettes were first introduced in China in 2004 and have since grown into a $2 billion industry. The battery-powered devices let users inhale nicotine-infused vapors, which don't contain the harmful tar and carbon monoxide in tobacco. |
A previous report from the UK found that people who use e-cigarettes primarily want to replace traditional cigarettes. |
"We did not find a relationship between using an e-cigarette and reducing cigarette consumption," Rachel Grana, the lead researcher on the new study, told Reuters Health. |
When the researchers looked at those smokers' responses a year later, they found that the people who reported using e-cigarettes in the 2011 survey were no more likely to quit smoking than the people who didn't use e-cigarettes. |
For those who were still smoking in 2012, using e-cigarettes also didn't appear to change how many traditional cigarettes people smoked per day. |
By comparing people who smoked regular cigarettes and those who smoked e-cigarettes, the researchers are assuming "that the groups are exactly equivalent in terms of their motivations and their levels of addiction to cigarettes," Siegel said. "You can't make those assumptions. You're not dealing with comparable groups.... |
In an emailed statement, Grana and fellow researchers acknowledged that they did not have information on the participants' motivations to use e-cigarettes, but said their analysis took into account other factors known to be linked to quitting smoking, such as their stated intention to quit and how many cigarettes they ... |
"These factors may also reflect motivations to use e-cigarettes, as e-cigarettes are frequently marketed and perceived as cessation aids," they wrote. "While these factors predicted quitting as expected, we found that e-cigarette use did not predict quitting. |
Siegel also pointed out that only about eight percent of the people surveyed said they had any intention to quit smoking within the next month. He hopes people will reserve judgment on e-cigarettes until randomized controlled studies - considered the "gold standard" of medical research - are published. |
"We need solid data that's based on solid science before we make decisions," he said. "I hope no one would take this research letter and make any conclusion based on it." |
VANCOUVER—Team South Korea has taken top honours in the 2018 Honda Celebration of Light, winning both the judge’s approval and the people’s choice award. |
“The intense pyrotechnic show they put on over English Bay entertained the crowd and left us all wanting more,” said City Councillor Raymond Louie, a long-time judge for the event, in a release. |
South Korea, which competed against South Africa and Sweden, was represented by Daehan Fireworks Co. |
The “judges felt that Team South Korea’s timing and sync throughout their fireworks show, combined with the size of the show and novel effects in its pyrotechnics display, made them stand out as a show to remember,” the release said. |
This year more than 1.2 million people came out to witness the firework shows, which took place over three nights. |
“Congratulations to Team South Korea on a sensational winning performance at the 2018 Honda Celebration of Light,” said Paul Tilburry and Heather Owen, co-chairs of the Vancouver Fireworks Festival Society, in a release. |
Dates for next year’s Celebration of Light — the 29th annual event — will be announced in the fall. |
Max Wright is happy to do the dirty work if it helps Boston United climb the table. |
The on-loan Grimsby Town winger scored his fifth goal of the season on Saturday as the Pilgrims left Kidderminster Harriers with a 2-1 victory. |
But while the youngster looks the business going forward, he is also impressing manager Craig Elliott as he tracks back and takes a few kicks for the cause. |
“I’m really pleased to score, it’s my fifth of the season so I’m happy with that,” said Wright. |
As the Pilgrims prepare to host Leamington on Saturday (KO 3pm), they sit five points off the play-off spots. |
And Wright refuses to rule out a charge up the table. |
He added: “We always talk at training and before and after games about how important a run is in this league around this time. |
“Because you want to get as close to the play-off places as possible. |
"REV LOWERY: Lord, in the memory of all the saints who from their labors rest, and in the joy of a new beginning, we ask you to help us work for that day when black will not be asked to get back, when brown can stick around -- (laughter) -- when yellow will be mellow -- (laughter) -- when the red man can get ahead, man... |
REV. LOWERY: -- and amen. |
Businesses wanting to connect with existing and potential customers shouldn’t focus on just one social network but rather use several different platforms to get their messages out. Not every user has the time to join all the popular networks, so you may focus your attention on one, such as Facebook or Twitter, to make ... |
Log in to your Twitter account that you want to connect with your Facebook page. |
Click the “Person” icon in the upper-right corner, choose “Settings” and select “Profile” from the left menu. |
Select your privacy settings, which indicate who will be able to see your Tweets on Facebook. |
Log in to Facebook when prompted, which will provide Twitter with the proper username and password for your account. Select "Allow." |
Follow the same steps to connect Twitter to a particular Fan/Group page that you’re an administrator for, such as your business page. However, on the Profile page, click the “My Facebook Page” button and choose the particular page from the list of ones you control. |
Facebook may require you to give permission to add the Twitter app, which gives an extra set of permission and takes you to the Twitter sign-up page or the Twitter support page. While on Facebook, type “twitter” in the search box and choose the main Twitter app. |
There has been a neat symmetry to Jacqui Smith's week. |
The day before we meet, she unveils the Government's updated counter-terrorism strategy, including alarming warnings about the increased risk of chemical and biological attack. |
The following day, the Attorney General announces that after being asked by the Home Secretary to investigate allegations of torture by Binyam Mohamed, the former Guantánamo Bay victim, she is referring the case to the police. |
It is a snapshot of the dilemma which all home secretaries must face in the wake of 9/11: how far should civil liberties be sacrificed to keep us safe? |
Critics of the "surveillance state" are certain that Labour, and Miss Smith in particular, have got the balance wrong with their dedication to policies such as ID cards and the failed attempt to increase detention without charge for terror suspects to 42 days. |
But the Home Secretary has no patience with their complaints. She is certain where the balance should lie, speaking frankly of her frustration at critics who she feels lack an understanding of the true nature of the threat. |
Asked if she is sensitive to the concerns, she says yes – but immediately qualifies it. "I get exasperated about people who are in reasonably comfortable positions in terms of their personal safety, who probably aren't completely clear about the threats, and who take an approach to rights which puts the right of privac... |
"And they do that from a comfortable position where they're not actually responsible for bringing down crime and tackling terrorism. |
"When I'm out in my constituency, knocking on doors, people feel, this is what they say, that actually it's the responsibility of the Government, the agencies, the police, to keep us safe. |
"That's what we pay our taxes for, that's your first responsibility incidentally – to keep us safe is your obligation." |
She is a rather macho Home Secretary. The anti-terrorism strategy contains a number of measures described in the jargon as "soft" – such as persuading extremists of the error of their ways, rather than locking them up – but she is aghast when I ask if this marks a change of emphasis, snapping: "I don't think I've gone ... |
Even Miss Smith agrees, however, that the anti-terror laws have been abused by some petty-minded officials – such as the police who recently demanded a publican install CCTV as a licensing condition. |
She says: "I don't think most pubs need CCTV. I've been completely clear that I don't think that local councils should be checking up on people's bins, seeing if people are doing dog fouling, checking school catchment areas. I think that undermines the serious use of that information." |
While she can't go into Mr Mohamed's case, Miss Smith is said to remain "confident" that the British security services have not been involved in torture during the War on Terror. Asked if she sympathises with the concerns of those who have raised the issue, she again agrees, but swiftly moves on to voice her admiration... |
"Of course it's valid to speak about it because we all start from the same position, which is that we fundamentally oppose torture. We've been explicit about that. |
"Incidentally it's neither right nor would it be effective because you wouldn't be able to use the evidence in our courts. |
"My starting point may be different, and is that we should be thankful in this country that we have got the intelligence and security services that we've got, the police that we've got, people that day in, day out, at home and abroad, are keeping me and my family safer. |
"Not only have they behaved themselves, but in many cases they have gone above and beyond both in terms of keeping us safe and doing that in a decent and honourable way. |
"I just think that sometimes people come at this without a recognition or an understanding. |
"I think people's fundamental civil liberty is that they are kept safe from terrorism and serious crime. |
"I said the first day I arrived in this job that my responsibility was to protect this country, its borders, its communities, precisely so that people could be free to live their lives as effectively as possible. That is the first freedom that I want people to have – the freedom that comes from security." |
The term "freedom that comes from security" may sound somewhat Orwellian. But as Home Secretary, Miss Smith sees the top secret briefings denied to those who complain of a draconian drift which they fear hands a form of victory to those who wish to undermine the British way of life. |
"[I] come at it from a completely different angle from most people in the country because hardly anyone sees that [the secret briefings]. |
"You see some scary documents, you meet people who've been victims themselves. In this job that's one of the things that drives you. It's why I want to make sure people understand the scale of what it is we're facing here. |
"People are trying to take away people's lives and when it comes to terrorism, to undermine our democracy and values that we hold dear in this country. |
"It is one of those things that makes you stop and think when you realise that actually there is an intent among terrorist groups, there is the possibility where we've got failed and chaotic states for terrorist groups to get access to chemical, biological or nuclear materials. We know that terrorist groups have though... |
"What enables me to sleep at night is that I know that in this country we have some of the very best when it comes to the police and our security agencies and our armed forces abroad who are helping to prevent that." |
It's a good thing that Miss Smith is quite so relaxed about the inhibitions caused by an increased security presence – because her job involves more of it than most. |
She is surrounded at all times by a crack squad of close personal protection officers – who at times are a very visible and potentially claustrophobic presence in her life. |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.