MASECO Insights

There are no certainties in investing, but investors can give themselves the best chance of achieving their expectations by allowing the passage of time to let short term uncertainty be overwhelmed by long term expected outcomes.

Within this unique update, Damian Barry, Chief Investment Officer of MASECO Private Wealth, provides a direct client update on Q2 2024, which was marked by strong economic growth, easing inflation, and a favourable environment for equity investments. Despite initial challenges, particularly for small-cap stocks, the quarter ended on a high note, with equities delivering positive returns across the board.

It’s clear that wealth is important. It impacts every aspect of life in one way or another and can often be achieved by smart people making wise decisions. However, making money is one thing; keeping it for future generations is another challenge entirely. To keep wealth in a family, you need to focus on more than just money.

Dr Ronit Lami is a wealth psychologist, operating between LA, London and Tel Aviv that I have known for a number of years now. As soon as I learned about her service, I could see the often essential value of it for families with significant intergenerational wealth. 

We are thrilled to share that MASECO Private Wealth has been honoured as the Best UHNW Expat Wealth Manager 2024 in the UK by Wealth and Finance International’s Fund Awards. This prestigious recognition underscores our commitment to providing exceptional financial services to ultra-high-net-worth expatriates and investors.

On 29 July, Chancellor Rachel Reeves announced that the first Labour Budget will take place on Wednesday 30 October.  On the same day, a policy paper was published reconfirming Labour’s intended changes to the taxation of non-UK domiciled individuals from 6 April 2025. This provides some visibility on when we can expect additional clarity with respect to expected tax changes and published details on any transitional arrangements that may be on offer. 

Investor enthusiasm for generative artificial intelligence (AI) has propelled U.S. equity markets to all-time highs as of June 2024. The impressive performance of AI-related stocks, particularly among mega-cap companies, has raised concerns about a potential scenario similar to the dot-com bubble of 2000.