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This promotion – while not financial advice – should be read carefully. It contains the important information, facts and figures you need to make an informed decision – including the risks to your capital involved – about our research. If you are unsure whether this type of investing is right for you, seek independent personal financial advice.
Important Risk Warning
Advice in The Fleet Street Letter does not constitute a personal recommendation. Any advice should be considered in relation to your own circumstances. Before investing you should consider carefully the risks involved, including those described below. If you have any doubt as to suitability or taxation implications, seek independent financial advice.
General - Your capital is at risk when you invest, never risk more than you can afford to lose. Past performance and forecasts are not reliable indicators of future results. Bid/offer spreads, commissions, fees and other charges can reduce returns from investments. There is no guarantee dividends will be paid.
Overseas shares - Some recommendations may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Any dividends will be taxed at source in the country of issue.
Funds – Fund performance relies on the performance of the underlying investments, and there is counterparty default risk which could result in a loss not represented by the underlying investment.
Bonds – Investing in bonds carries interest rate risk. A bondholder has committed to receiving a fixed rate of return for a fixed period. If the market interest rate rises from the date of the bond's purchase, the bond's price will fall. There is also the risk that the bond issuer could default on their obligations to pay interest as scheduled, or to repay capital at the maturity of the bond.
Taxation – Profits from share dealing, including both capital gains and dividends, are subject to capital gains tax and income tax respectively. Interest received from bonds is subject to income tax.
Capital gains from commodities are subject to capital gains tax. Tax treatment depends on individual circumstances and may be subject to change in the future.
The Financial Conduct Authority does not regulate certain activities, including the buying and selling of commodities such as gold, and investments in cryptocurrencies. This means that you will not have the protection of the Financial Ombudsman Service or the Financial Services Compensation Scheme.
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Fleet Street Letter portfolio performance:
Whisky Portfolio annual performance: 2017 +5.4% / 2018 -4.3% / 2019 +21.4% / 2020: +20.1% / 2021 +12.9%
Soda Portfolio annual performance: 2017 +8.8% / 2018 -1.8% / 2019 +19.6% / 2020 +8.9% / 2021 +14.3%
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2. “China's 'social credit' system ranks citizens and punishes them with throttled internet speeds and flight bans if the Communist Party deems them untrustworthy” Business Insider, 28/11/22
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