Good morning, it’s Paul here!
MiFID II
This continues to wreak havoc. What on earth were the regulators thinking, to expend so much time amp; energy in creating the c.1.5 million paragraphs of regulations in MiFID II, fixing problems that were of so little consequence that they didn’t really matter in the first place!
I think the whole thing should just be repealed as soon as possible, and the regulators should all be fired. Let’s get some people in who actually know what they’re doing, and want to help, rather than impede the investment sector. We didn’t cause the financial crisis, the banks did. So I suggest that’s where regulation should be focusing.
I lost my access to Peel Hunt research yesterday, which I’m absolutely gutted about – as it’s superb quality, and helps me a great deal, both in understanding companies, and also in valuing them using sensible forecasts. I’d happily pay £500 p.a. for access to Peel Hunt research. Unfortunately though, I think they want £10k+ p.a., according to my broker, who politely declined their offer. That sort of figure is not realistic for private investors, as it would represent too large a percentage of our portfolios. Whereas a fund manager…
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