The money sections this weekend were investment-tastic, with investment stories accounting for over a third of the articles – even higher than last week’s impressive 27 per cent. MRM also noted a rise in fraud and scam articles, doubling in number from last week. It seems as we tighten our belts, scammers invent new ways to try to con us. Meanwhile, mortgage and utilities stories dropped from 10 per cent to 4 per cent and from 13 per cent to 6 per cent respectively.
Emma Simon (@SimpleSimonEmma) in the Telegraph, explained that while the economic crisis is causing the euro to tumble, investors might want to see this as a buying opportunity. Moreover, thanks to the weakened euro, emerging market countries such as Germany are positively ‘booming’ apparently. Ignis’s Barry Norris championed Germany for this reason, covered in the Independent. With German exporters making the most of the currency it appears that every cloud does indeed have a silver lining.
Elsewhere, Jo Thornhill discussed investing in America in the Mail and on the back of Russia’s winning World Cup bid, Joe McGrath(@Investment_Hack) looked at investing in Russia in the Independent. The general sentiment of both pieces was to be cautious.
In the Express, Harvey Jones advised investors to seek out ‘star fund managers’ in order to secure the best returns. However, it’s worth noting that according to Skandia Investment Group’s research (reported by Matthew Vincent in the Financial Times) in a survey of 40 fund management groups, 65 per cent expect the application of additional fees such as performance fees to become more widespread in 2011. It seems that ‘star’ fund managers really will become worth their weight in gold.
The rest of the scores on the board this weekend were:
Credit cards 4%