The Bull & Bear

24.4.2020

Good afternoon,

I’ve always believed that a picture paints a thousand words.

When I think of this adage I am always reminded of a family holiday to Spain when the kids were much younger. It was just another little lie that I’ve offered up to them when I said “Come on…this will be great!” as I ushered them into the Prado Museum in Madrid. On reflection I must have told them a very good many white lies over the years, except of course when they ask “who I love most?” and I answer “sorry boys, it’s your sister”.  But back to the story. I’m not that steeped in culture, more of a Messi and Guscott man than your Picasso and … um…um (well you see my point) but I thought it would be good for all our souls to browse the collections on display. It was also, I remember, very hot outside and another good reason to go inside was that I expected it to have good air conditioning.

Now, among other masters on display that day, Picasso was in the house and I needn’t have looked through all the notes and sketches that preceded his “Guernica” to be stopped in my tracks when I saw the main event, and to absolutely, instantly get what he wanted to say in that extraordinary painting. A book filled to the brim could not convey the same tragedy, power and emotion of “Guernica” and that moment has stayed with me to this day. Any time I think of it I can see it in my mind’s eye. Unfortunately, we remain the Luddites that we are, but I do not regret that museum trip in the slightest.

Now the Vanguard analyst behind the chart detailed below is no Picasso, although I’m sure that they would be very pleased to hear they are being mentioned in the same sentence as the great man. When I experience significant problems I always try and see the bigger picture, the context, and the Vanguard chart allows this when we consider the current turmoil in the markets. At a glance we can see that over time there are far more Bull markets than Bear markets, that there is more upside than downside, and in financial terms more good than bad.

Bull and Bear Markets

 

As always, let us know if there is anything more that we can do for you and please do not hesitate to contact us to share any comments or concerns that you may have.

With all good wishes,

Steve Brady

Director
Brunel Capital Partners

Steve Brady

Glimmer of Hope

17.4.2020

Good afternoon everyone,

I hope that you and your families are keeping safe and well through these troubling times. If the virus has affected you or your loved ones in any way, our thoughts are with you.

As we enter week four of lockdown, the novelty has certainly worn off. The lack of structure and school work during the Easter holidays has certainly challenged the three boys in the Rylett household. Boys don’t do arts and crafts so have had to find other ways to amuse themselves!

There does seem to be a glimmer of hope and a sense that we are reaching the peak and the so called curve seems to be flattening. There is also some talk of some success in some of the therapeutic drug trials.

Whilst a further three week period of lockdown has been announced it is pleasing to see news of how other European countries may handle an exit to the lockdown. Whilst it will be some time before a return to normality, some easing will be good for everyone’s sanity and the economy.

For those of you that have been to our office in Bristol, you may have seen this canvas on our meeting room wall.

The simple message that this picture carries has resonated with me perhaps more so than normal during this crisis. We can’t affect what is happening to us but we can certainly change the way we react to it.

As a business, Brunel is absolutely intent on coming out of this crisis in a better place as we use this time to work on the things that we can control.

The Brunel team have continued to work hard behind the scenes to ensure that our service to you, our clients can continue in the way you have come to expect. We thank you for adapting so quickly to a new way of working where we have asked you to.

The team are also working tirelessly to ensure that our new secure client portal is rolled out to all of our clients. Our plan to launch our new investment platform, the IronBright Investment Platform is gaining momentum as we head towards our June target date, initially for Bristol based clients and then Wells clients, later in the year. Your adviser will be in touch to discuss this in more detail.

We can’t control or predict the markets or the impact this crisis will have on the economy over the long-term. What we can do is ensure that you have a robust financial and investment plan in place that can weather the storm and keep you on track.

It was the boxer Mike Tyson who once famously said “Everyone has a plan until they get punched in the face”. Well, this coronavirus crisis is that proverbial “punch in the face”. If you need to check whether you are still on track or whether any adjustments to your plan need to be made, please contact your normal adviser.

If anybody has any feedback or would like to get in touch, please email me on damien@brunelcp.com or contact your adviser.

I hope everyone stays safe and well.

Best wishes,

Damien Rylett
CEO
Brunel Capital Partners

Damien Rylett

Lockdown Diaries

10.4.2020

Good afternoon,

I hope you and your family are as well as possible through these extraordinary times.

Who would have thought earlier this year that we would be in a state of lockdown and Boris Johnson would be hospitalised for his COVID-19 symptoms?

I have lived and worked through many difficult situations over the past 40 years, but this time it is very different. Not being able to meet with clients on a face-face basis throws up all sorts of challenges. However, we continue to provide our full service to clients, albeit we are all working from our homes with the exception of one member of the Brunel team working at the office each day to coordinate correspondence.

There are challenges working from home and I am told that I should take regular breaks. With this in mind, my wife and I get together over a coffee to take part in Radio 2’s Pop Master Quiz at 10.30 each weekday morning. I hadn’t realised how competitive we would get over a radio quiz. Needless to say, Julie wins every time!

All members of the Brunel team are well and as always very happy to hear from you. We all have a need for human interaction, so a phone call or Zoom conversation can always be arranged. Please do not hesitate to call Dan, Damien, David, Steve or me if you would value a discussion or if you would like to set up a Zoom conversation.

As I write, investment markets have been gaining ground over the past few days as the spread of the virus slows. This is a relief as it is always depressing to see the values of investments declining as has been the case in recent weeks.

Government ministers are now under pressure to spell out a long-term exit strategy from the lockdown. This will be a real challenge and the peak pressure point on the NHS will need to behind us. So, it appears that we are likely to be in lockdown at least a few more weeks. In the meantime, we will be here to help you with your family finances.

I wish you and your family a very Happy Easter.

Peter Hill

Director
Brunel Capital Partners Ltd

Peter Hill

An Update from Brunel

3.4.2020

Good Afternoon,

As we enter another week of the Covid 19 ‘lockdown’ I continue to be amazed by the commitment and hard work of our National Health Service; whilst these front line workers devote their energies to saving lives and preventing suffering, I would like to reassure you that we continue to devote all of our energies to the challenges of looking after your wealth.

Working from home has given me some time to reflect on the progress Brunel has made since it was established in 2012. As the Finance Director of our new business, I had a clear picture in my mind how we needed to build a business, one that could offer a personal service to all our clients, but also one that could weather a similar event to the banking crisis in 2008.

Having steered a ‘cautious’ path over the past 8 years we now have a well-capitalised business with no borrowings. This has resulted in us being able to use our reserves to retain our valuable team members and concentrate 100% on delivering the quality service that you have come to expect from us. You will be pleased to hear that the team are currently fit, well and organised to run both the Wells and the Bristol offices remotely, if need be, indefinitely.

As you would no doubt have realised from our recent communications, we are in the process of delivering a new secure Client Portal, which should ensure that all future communication is delivered with very high levels of security. Many thanks to all who have registered so far.

Whilst we continue to register all clients onto the new Portal, the eagle eyed amongst you will have spotted that we brought the May re-balance of your portfolios forward to 30th March. We did this because it has been the intention to move away from ETFs (exchange traded funds) in your portfolios for a combination of reasons that include the impact of Brexit, to access UK based funds with lower fees and provide more streamlined personal accounting for clients. Completing this exercise means that IronBright could make the investment changes it needed to and save many clients a significant amount of tax in the process.

I hope that you and your family stay safe and well and please be assured that you can rely on us to continue to be here for you.

Dave Buchan

Finance Director
Brunel Capital Partners

David Buchan

Brunel Capital Partners is a sister company of Pilgrim Financial Planning