Our editor Jonathan Davis outlines what a subscription gives you
As a potential reader it may help you to know what I think you can hope to gain from becoming a subscriber to Money Makers. These are the main benefits as I see them. Please note that we offer a one-month trial subscription, so it is simple to gain a flavour of the information we offer before you have to decide whether to pay for a subscription. You can cancel your subscription at any time. My objective is to under-promise and over-deliver, rather than the reverse.
What's on offer
The core content of the Money Makers service takes the form of conversations with leading professional investors (fund managers, strategists, advisers and occasionally brokers), rounded out by my own market commentary and a selection of the best research I see on a regular basis. The aim, as with any good publication, is to help you make better-informed investment decisions. I also show the performance of a number of model portfolios that I use to track the way markets are moving. We won’t get everything right, but the Money Makers team are independent, professionally-trained and as impartial as anyone with normal human biases can be.
First class contacts
After more than 35 years analysing and writing about financial markets, I have been fortunate to learn a lot about the best professional investors – who they are, what they think and when best to speak to them. By subscribing to Money Makers you can share in the ideas and insights of these top professionals on a regular basis. I am not foolish enough to think that I have all the answers myself. When I was writing my book Money Makers I asked the late Nils Taube, one of the most successful stock market investors of the postwar period, for the secrets of his success. He answered, only half tongue in cheek, “plagiarise”. Every professional I know will tell you how much they value their contacts and the good ideas they pick up from sharing and challenging each other’s ideas.
The more you look into the way the financial services business works, the more apparent it becomes how important financial independence and freedom from conflict are. For better or worse, most financial services firms have their own agendas and economic interests, which are often at odds with the best interests of existing or potential clients. Money Makers has no professional or financial obligations that compromise its independence and we plan to keep it that way.
Although my training was as a financial journalist, specialising in research and the written word, I am comfortable with quantitative analysis as well, developed through postgraduate studies at the London Business School and the Sloan School of Management at MIT in Cambridge, Massachusetts, where I studied the methods of Warren Buffett for a thesis. I am a qualified Member of the Chartered Institute of Securities and Investment, the main professional body for investment professionals in the City of London.
Many investment publications peddle impossible dreams. If you are looking for a get rich quick scheme, or for a cluster of hot share tips, Money Makers is most definitely not for you. Speculation in individual securities can be highly profitable, but sensible asset allocation and stock or fund selection, allied to low turnover and prudent risk management, remain the key to long term wealth creation. We try to focus not on what happened yesterday but on what could make a real difference to your wealth over the next one to three years. It works for me – and I trust will work for you…..
Alignment of interests
I have been actively managing my own money for a number of years. The research I do for Money Makers informs my own portfolio decisions. There is a strong correlation between the model fund and stock portfolios I describe here and the holdings in my ISA and SIPP. The steady rise in the number of self-directed investors using online platforms shows that there are many potential readers who face the same decisions and choices that I do.
Education, education, education
Investment is one of those activities where you need never stop learning. Financial markets don’t stand still, and there are always new subjects, new ideas and new products to be considered. One of the motivations in starting Money Makers is to put together a comprehensive library of educational material about the art of investment for those who are hungry to learn more.
The power of networks
My hope is that the readership of Money Makers will grow over time to become a network for the exchange of information and ideas between like-minded professional and private investors. Subscribers will be encouraged to submit interesting links and research that they come across for the benefit of other members. Our events programme provides an opportunity for subscribers to meet and hear a range of interesting speakers face to face. The master classes and speaker events we organise tend to be well received, thanks to the quality of speakers we are able to attract. In my experience, there is no substitute for hearing first hand how an Anthony Bolton, a Terry Smith or a Jeremy Grantham goes about his business. Subscribers to Money Makers have priority notice of forthcoming events and will often be offered a discount on the normal entry price.