Simon Evan-Cook weighs up the outlook for income in the year ahead and poses the significant question - are your clients more hare or tortoise when it comes to investing?
We all know the story - the hare leaves the tortoise in his dust but stops for a nap just before the finish line, thus allowing the tortoise to overtake him and win. We know it because ‘slow and steady wins the race' rings true so often. OK, perhaps not in the 100m final at the Olympics, but it does in plenty of other arenas. Most notably, for my purposes, in the world of finance where the most famous tortoise, Warren Buffett, has been making monkeys out of hares for the last half-century. Income investing fits firmly into the tortoise category. UK equity income is a good proxy for th...
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