55 - Slow Motion Wealth Destruction
TRAP: The Real Adviser Podcast
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Chasing Past Performance and Tax Complexities
This chapter explores the dangers of following past investment performance, specifically referencing the Cathie Wood Arc Fund's decline, which led to significant losses for investors. It also delves into the intricacies of UK tax policies, including proposals for wealth taxes and capital gains tax, and their effects on investment behaviors and public engagement with financial opportunities. Furthermore, the speakers discuss the widespread disconnection from the stock market among the UK population, highlighted by unclaimed Child Trust Funds and the challenges in simplifying access to financial resources.
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