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The Financial Ironmonger Blog No 51/2018

The Financial Ironmonger Blog No 51/2018

Every week our guest blogger, David Oakes of Mosaic Money Management (aka The Financial Ironmonger), shares with us his take on some of the major UK and overseas macro and political events that shaped the previous week.

Please be reminded the value of investments, and the income from them, may fall or rise. The views expressed in this article are those of the author at the date of publication and not necessarily those of Chelverton Asset Management Limited or Mosaic Money Management. The contents of this article are not intended as investment or tax advice and will not be updated after publication unless otherwise stated.


The computer problem turned out to be an intermittent fault in the motherboard, which is techspeak for it can’t be fixed. It was, the expert told me, “terminal”, without a hint of irony. It might also be an apt description of the Brexit deal which has been cobbled together, and which seems to have few friends.

Predictions of all sorts of chaos continue to be made, including putting 3,500 service people on standby. For what, no one seemed sure, but with the population of the UK estimated to be 66.5mn, they could be somewhat stretched.

Real time chaos descended on Gatwick airport this week as one of the world’s busiest airports was brought to a halt by someone fling a drone within the airfield. It seems extraordinary that anyone can buy these things for a few hundred pounds, no experience or license required.

So to raise your spirits this festive season, here are a couple of videos of different solutions, the first designed in Northumberland.

Have a good one.


David joined Manchester stockbroker Henry Cooke, Lumsden in 1977 and after becoming a member of the London Stock Exchange in 1984 held a number of senior positions within the firm including Managing Director of the in-house fund management company and member of the Executive Committee.

After senior appointments at Cazenove Fund Management and latterly Mercater Capital Management, David joined Mosaic Money Management in 2013. He has successfully managed private client and fund portfolios for over thirty years and has particular expertise in providing a multi manager service to his loyal client base.

The Financial Ironmonger is a hat-tip to Ironmonger Lane, the location of Chelverton’s London office.