Autumnal Equinox

“Do you remember, the 21st night of September”

For fans of Earth, Wind and Fire, or for anyone who just enjoys a boogie, the words are well known. If you haven’t heard of them before; where have you been?

Well this year it will be a night to remember for the team at H.J.Scott & Co. because we are “doing a flit”. After 25 years of working from our current office, we are moving on to a brand new office. Here’s the less than memorable address.

Suite C, Futura Business Park, Aspinall Way, Middlebrook, Horwich, Bolton. BL6 6PG

From Monday 22nd we hope to be holding all office based client appointments from our new address. We will be gradually moving furniture across during the week and hoping our telephone will seamlessly move with us. Telephones can be a problem but email will continue to find us anywhere of course.

A Significant Change

It is entirely coincidental that our major change occurs bang on the Autumnal Equinox on the 22nd September, but the equinox does hold some significance.

“The Autumnal Equinox is the moment the Sun crosses the celestial equator moving southward (in the Northern Hemisphere).

It happens once a year, around 22–23 September.

At that instant, day and night are nearly equal in length across the globe (hence the term equinox, from Latin aequus = equal, nox = night).”

Many cultures used equinoxes to mark harvest festivals and seasonal transitions. For the team, moving office does feel like a time to reflect on a happy past, but look forward to a bright future. Many clients ask when I’m likely to retire. As you can see, signing a lease that commits us to a further 5 years of additional costs ensures retirement is no time soon. Anyone who knows me understands that continuing to learn about investment is an endeavour I will never tire of. Who knows? Twenty years from now I could become quite proficient.

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June 2025 Performance Review

We first began moving clients from Nucleus to Transact late 2021. So we can now show our performance versus our industry peer group across our portfolios for a full standard 3 year period.

In all of the charts below, each of our managed portfolios are shown by the bold green line. Our peers performance is shown in blue and purple lines.

Our Cautious Portfolio

Our Moderate Portfolio

Our Aggressive Portfolio

Our Very Aggressive Portfolio

Each of the charts above are actual client portfolios.

We continue to out-perform our peer groups in all portfolios. Our Cautious Managed Portfolio unfortunately is not a fair comparison versus its peer group as care home fees of several thousand pounds are withdrawn each month for the client in question. This reducing balance has blunted the true performance somewhat.

Charlie and I are happy with our achievements so far. The Transact platform has given us a huge investment universe of direct equities to choose from, with very reasonable custody, currency and trading costs.

The above performance is net of our fees, trading fees and Transact fees.

We remain dedicated to looking after your, and our, life savings.

If you have any questions don’t hesitate to ask. After all, unlike your friends and acquaintances, you can talk to the investment managers who look after your savings in person.

Obviously I have to say at this point………..Past performance isn’t necessarily a guide to the future.

What is Money?

Have you ever wondered; 

  • What is money anyway? 
  • Why do we trust money?
  • What’s that five pound note in your pocket really worth? 
  • Where does money come from and where does it go?

I’m guessing the answer is probably not. Money is just an everyday thing.  It’s there, we just spend it or save it.

Our own currency that we spend everyday is taken for granted, except when we travel and it’s no longer accepted as currency. Why is it even called currency?  Well the answer to the last question is indeed predictable. It’s the current value of our money versus other countries money. Which in itself begs the questions; 

  • What was our money worth previously? 
  • Was it worth more or less?

To answer these questions we need to go back a long way in time. To a time before money existed. 

Sapiens

I have read some very influential books in my time. Very few have been works of fiction. I’m intellectually poorer for that I guess. My Northern upbringing of seeking “value for money” has directed me solely to books I can learn from. One such book is Sapiens – A brief history of mankind by Yuval Noah Harare. Before reading this book I believed the Agricultural Revolution was the time before tractors. But no. The agricultural revolution was the time when primitive humans ceased to be hunter-gatherers and became the farmers of crops and livestock. Who knew? That transition changed everything. Prior to farming, life was free, but probably not easy.  Food was collected as needed, a free for all endless all you can find buffet. Once all the food was taken from one area, individuals moved on. A truly nomadic experience. Nobody was a landowner, primitive tools were the only possessions, used to dig for roots perhaps. Recent Bill Gates funded research wouldn’t have been needed back then, like today’s Aborigines, we would be happy obtaining protein from grubs. 

Continue reading “What is Money?”