Issue 63 / June 2020
Trustnet
SHARE RAID
Dipping into your
pension as a last resort
BORN AGAIN
Fund, Pension, Trust / Data Hub / Sector Profile / Stockpicker / What I Bought Last
ISSUE 63
Japan’s head start in
adapting to the new normal
CREDITS
OPEN PLAN
Why you can’t trust
online pension planners
TRUSTNET MAGAZINE IS
PUBLISHED BY THE TEAM BEHIND
TRUSTNET IN SOHO, LONDON
WEBSITE: www.trustnet.com
EMAIL: [email protected]
CONTACTS:
Anthony Luzio
Editor
T: 0207 534 7652
Javier Otero
Art direction & design
W: [email protected]
Editorial
Gary Jackson
Editor (Trustnet)
T: 0207 534 7680
Rob Langston
News editor
T: 0207 534 7696
Eve Maddock-Jones
Reporter
T: 0207 534 7676
Abraham Darwyne
Reporter
Rory Palmer
Reporter
Sales
Richard Fletcher
Head of publishing sales
T: 0207 534 7662
Richard Casemore
Account manager
T: 0207 534 7669
Constance Candler
Account manager
T: 0207 534 7668
Photos supplied by iStock
Cover illustration: Javier Otero
Editor’s letter
Although it
feels counterintuitive,
the
best time to invest in
markets is often after
a crash. But the same
rules don’t always
apply to individual
stocks: while you can
make significant gains
if they bounce back to
previous levels, further
falls are just as likely
– as I find out in this
Contents
Unexploded bombs
Battered stocks are just as
likely to fall further as rebound
quickly, writes Anthony Luzio
P. 4-13
What’s the purpose
of investing?
The true meaning of
investment has been buried in
month’s cover feature.
Investors in the
accumulation stage
of their pension may
be the most tempted
by this high risk/
reward trade-off, due
to the lengthy time
horizon they have to
recover any losses. A
more productive use
of any spare time they
may have during the
economic lockdown
a flurry of jargon and pseudoscience.
Baillie Gifford partner
Stuart Dunbar backs a return
to basics
P. 14-19
Pots and pandemics
Daniel Lanyon evaluates the
best technology and fintech
apps for tracking down and
20
consolidating old pension pots
P. 20-27