Latest news with #investmentloss
Daily Mail
28-05-2025
- Business
- Daily Mail
EXCLUSIVE Have YOU lost money on investments? One in four have sold at a loss in the past year
Almost a quarter of retail investors have made a loss when selling an investment holding over the past 12 months, data shows, as market volatility continues to spook individual investors. The main reason for retail investors exiting their investments was fear, with 36 per cent concerned that their holdings would continue to fall further, exclusive figures for This is Money from Alliance Witan show. This is despite the standard advice that investments should be held for at least five years in order to weather short-term price fluctuations. Alliance Witan polled 1,000 UK adults with at least £10,000 in investable assets. The past 12 months have proven to be somewhat tumultuous for investors, with global markets having simultaneously crashed following Donald Trump's 'liberation day' tariff announcements. In the panic, some may have chosen to sell off investments in the hope of locking in what value they had left before stocks fell even further. Even if they held off during recent downturns, the figures show that one in six have sold an investment at a loss at some point during their lifetime. Mark Atkinson, senior director of client management at WTW, said: 'Selling an investment at a lower value than it was bought can sometimes be unavoidable, but knee-jerk decisions based on short-term market volatility can backfire on returns.' However, almost a third of investors, 29 per cent, said they sold at a loss because they needed the money for an emergency, while a further 20 per cent said they needed it to fund a specific life event. It is generally recommended people only invest money that they can afford to lose, and before doing so take the time to build up a sufficient emergency savings pot to cope with unforeseen costs. As a rule of thumb, people should put away enough to cover three to six months' worth of living expenses. This allows you to leave your investments to grow over the long term, something that Alliance Witan says will usually pay off based on historical trends. It said if investors had placed £100 with Alliance Trust in 1968 and reinvested dividends, leaving their investment for the extreme long term, they would have returned £25,404 by 2021. Atkinson said: 'With so much uncertainty within the markets today, with tariffs and increased costs impacting organisations across the globe, it's natural that an investor may be spooked. 'However, our previous study "profit from patience" showed investors that stayed invested throughout periods of uncertainty would have experienced higher returns over a long-time horizon than those that made reactive decisions. 'The most important action an investor can take is to ride out the storm, keeping their investments in place.' He added: 'All investors, no matter how seasoned, will likely have been unsettled by the recent market swings we have witnessed, particularly those with shorter-time horizons. 'Those that choose to stay invested, rather than crystallise any loss, will likely benefit over the longer term as our analysis has demonstrated.'
Daily Mail
22-05-2025
- Business
- Daily Mail
Businessman who ran company with his glamorous WAG daughter and lost her partner Scott McTominay 'almost £1m' when it collapsed fights to save his £4m home
The father of Scott McTominay 's partner is fighting to save his £4m home from being seized after his business collapsed. Businessman Ashley Reading, 55, ran investment firm Fortress Capital Partners alongside his glamorous WAG daughter Cam Reading, 25, promoting annual returns of up to 18 per cent before collapsing into administration in 2023. The former Manchester United star, who now plays for Napoli, was one of the investors reported to be set to lose large sums due to the collapse of his girlfriend's father's business. The 28-year-old is understood to have ploughed £1million cash, plus £1.32million from his own company, into Fortress, with Boyzone singer Shane Lynch, 48, also said to have made a £730,000 investment in the firm. In March 2024, the company owed its 230 creditors a total of nearly £18million. The company borrowed money from its investors before lending it out at a higher rate to corporate entities and one 'high net worth individual'. Around the same time, another company run by Mr Reading, Rose Cottage Farm Ltd, also got into trouble, failing to make payments on a £4m mansion in Kent which the entrepreneur had moved his family into. Furzefield, in Holwood Park Avenue, Orpington, is a large six-bedroomed house, set in about one acre of grounds on a gated estate, bought through the company in 2022 for around £2.5m and later marketed for £3.95m. Mr Reading is now being sued by a mortgage company in a bid to seize the mansion and turf the entrepreneur and his family out. McTominay's girlfriend Ms Reading has worked extensively alongside her father, previously being Fortress' head of investor relations and described as an 'integral part of the Fortress Capital team'. The model - who is now enjoying a lavish lifestyle in Naples, with the couple reported to have moved into a house by Lago Patria, a coastal lake close to the beach - also worked with her father as a financial adviser at Bounce, a company previously run by him. But Mr Reading is now locked in a fight to hang onto his own £4m home after administrators made a High Court bid to seize the property from the company through which he bought it. London's Court of Appeal heard that Rose Cottage Farm Ltd was a special purpose vehicle set up by Mr Reading to buy Furzefield in 2022 for £2.5m. Doncaster-based TFG Capital No.2 Limited lent a total of £2.85 million to the company in August 2022, secured by a mortgage over the house and any other company assets. The loan documents contained a covenant by the company not to permit occupation of the house or land as a dwelling by any person related to the company. 'However, Mr Reading and various members of his family and other dependents took up residence at the house on the land in early 2023,' said appeal judge Lord Justice Snowden, adding that 'the company defaulted on the April 2023.' The judge said that the arrears and interest now owed on the mortgage have taken the debt claimed by the loan company over £4m, and that they are fighting for possession of the property and to force Mr Reading and his family out. 'They have not contended that they have any formal lease or other agreement with the company entitling them to remain there,' the judge added. In August 2023, the loan company appointed receivers, with 'the power to demand and receive monies payable in respect of the land and to take possession and sell it.' After the receivers 'took the view that Mr Reading was not co-operating with them in seeking to arrange a sale of the land,' the mortgage company sued in August 2023, 'seeking an order for possession of the land' at Bromley County Court. But Mr Reading 'indicated an intention to contest the Bromley proceedings on a wide variety of grounds' and 'took a number of steps designed to frustrate (the) claim,' the judge said. Becoming impatient, the mortgage company then appointed administrators who in March last year at the High Court in Leeds issued an application under the Insolvency Act in the name of the company, seeking an order that they could sell the property and 'that Mr Reading and all current occupiers of the property deliver up vacant possession of the land'. In a ruling in May last year, Judge Jonathan Klein ordered the company 'must deliver possession of [the Land] to the administrators before the end of 11 July 2024.' But Mr Reading was granted permission to appeal against that order in July last year, and now has succeeded in having it overturned. Lord Justice Snowden, sitting with Lady Justice King and Lord Justice Nugee, allowed Mr Reading's appeal, overturning the High Court order as an 'abuse of process' and saying it essentially replicated the possession proceedings already started, but not yet concluded, in the county court. 'For the avoidance of doubt, nothing in this decision in relation to the application is intended to have any effect upon the Bromley proceedings or upon the merits of that claim,' the judge added. The case in the county court will now go forward at a later date.
Daily Mail
12-05-2025
- Business
- Daily Mail
Steven Gerrard suffers major blow as friend's water company CLOSES with eye-watering debt - after Liverpool icon and investors 'pumped in £2.5m'
Steven Gerrard is licking his wounds after a business he invested in heavily was forced to close in mountains of debt. The Liverpool legend and fellow investors reportedly pumped £2.5million into his friend's water company, as per the Sun. But now Angel Revive alkaline water has been forced to close after years of financial struggles and accounts on Companies House show a £542,220 debt. Almost £400,000 of that is in unpaid rent. Gerrard held a 25 per cent stake in the firm and has reportedly had £50,000 of his money back, but is still missing lots. He was also a brand ambassador. Angel Revive was founded in 2016 by Mark Doyle and Gerrard has previously called it 'the superhero of waters in purity, nutrition and healthiness'. The water was sourced from a spring in rural Lancashire and its website said it 'naturally contains minerals and electrolytes that promote wellness for the body', helping to maintain an 'optimum pH balance'. However, the business is now listed as 'permanently closed' on Google and the link to its website on Instagram leads to a 'domain misconfigured' page. Angel Revive did manage to amass a following of more than 34,000 users on Instagram but has not posted since December 2021. The company was reported to be in around £1m of debt in October 2020. The water originated from an aquifier in Mawdesley, Lancashire, with reports going back to the 1700s of its healing benefits. Doyle previously said: 'Our spring and its water have been the subject of numerous reports and commentary since Elizabethan times as to the curative benefits of water. 'However we do not claim our water can heal you - the belief is your own. 'For unknown reasons the spring had been covered over and buried for over a century until its history and benefits were brought to the attention of the current landowner.' Doyle had initially come across the natural spring in his back garden and brought in an excavator to find the source, before extracting and bottling it for sale. He is reportedly shortlisted for the Rangers job, having won the title there in 2020-21 Gerrard will be on the hunt for his next opoportunity having left Saudi Arabian side Al-Ettifaq in January. He is one of four former Premier League bosses who have been shortlisted for the Rangers job, according to The Telegraph. Philippe Clement was sacked in February and Barry Ferguson has been in interim charge. Gerrard led Rangers to the Scottish Premiership title in 2020-21, winning 32 of 28 league games, going unbeaten, and only conceding 13 goals in the process. However, since then, his stints with Aston Villa and Al-Ettifaq have been more of a mixed bag.
