LA CULTURA
9
March 5th - March 18th 2020
Shock death MUCH-loved expat radio presenter Dean Alexanda has died suddenly. Fans of the Costa Blanca personality were left in shock after he passed away from a suspected heart attack while preparing for a gig at Whispers, in San Miguel de Salinas. After telling his bosses about ‘feeling funny’, a replacement for the evening was quickly sent for. Soon afterwards, the 57year old collapsed and died.
Tributes pour in for recentlymarried Big FM DJ who dropped dead before gig Emergency ambulance staff tended to him for an hour but could not revive him. He leaves his wife of only three months, Jan, and two sons, Joe and Jay. Dean had reported no signs of ill health, although he was a wellknown ‘workaholic’ in the
Costa Blanca area. He was frequently found undertaking duties at parties, hosting karaoke night and presenting his breakfast show on Big Radio Spain. Station manager Richie Sparks said: “Dean came to Spain to join me at Big FM and has been a huge part of
the station for the last four years. “His endless energy and
passion for his job and family was an inspiration and he will be sadly
ly fragile and can be damaged just by being touched, with experts trying to find ways of preserving them. The
world-famous cave paintings of Altamira in northern Spain are thought to be up to 20,000 years older.
Los Flintstones A STUNNING collection of prehistoric carvings have been discovered in Catalunya. Archaeologists came across the 15,000 year old depictions of horses, deer and bulls, as well as a multitude of abstract symbols evidencing the artistry of ancient humans. There are over 100 etchings carved into the soft rock walls of the cave, which dates back to the Palaeolithic or Old Stone Age era. A team of archaeologists led by Josep Maria Verges uncovered the art within the Cave of Font Major complex, 90 kilometres from the Catalan
capital. Incredibly the subterranean system was first discovered in 1853 but it was not until last October that experts were
sent in to analyse the etchings. Parts of the three-kilometre complex are open to the public, although no access has been given to the stretch of the cave containing the carvings. Maria Verges, from the Catalan Institute of Human Palaeoecology has described the find as ‘exceptional’ and compared the cave to a shrine. The carvings are now being studied and recorded using 3-D scanning technology. They are said to be extreme-
missed.” Carla Stone from rival station Sunshine FM in Orihuela Costa told the Olive Press: “Losing someone from the entertainment world in what is a small close-knit community is devastating to so many people - our hearts are with all of Dean’s family.” Another popular entertainer, Bee Rumble, added: “We always found Dean to be full of fun, laughter and a great buddy. “Dean once invited me and my husband Lee over for lunch, and he served up cheese crackers - we ribbed him for years about it!” A book of condolence has been opened in reception at the Big Radio studios on Calle Blanca, Ciudad Quesada.
Coronavirus and your finances I’m sure many of you will be aware of the negative effects Coronavirus fears have had on the global investment markets. This is what we call a macroeconomic event. This means it is something that effects the entire global economic system rather than any specific fund or stock. At the end of last week, global markets were down nearly 15% from their recent highs in the space of just over a week. In fact, at the time I’m writing this article, the FTSE 100 is down 10.5% over the last 3 months. What is perhaps reassuring is that our Chorus Balanced portfolio, is down just 0.8% over the same period and is still 9.1% up over the last Panic 12 months.
clients of other firms. The reason for this is that during good markets it is quite easy for clients to not be aware that they are in low quality funds, or paying far too much in charges, but when markets fall the effects of this are magnified. A well-diversified, fairly priced portfolio is designed to weather out the worst of a market fall, so although no advisor can ever guarantee the performance of a portfolio, Chorus can guarantee that you will be in fair priced plan, with the best possible portfolio to get you through volatile markets.
Over the last few days I have personally reached out to all my clients to reassure them selling and explain our approach to such markets. In reality is not the Many of you who have the proven way to deal way to deal monitored your pensions with such market moves or investments over the is to sit tight, ride them with such last few years will recall we circumstances out and put faith in the had similar market action fund managers we use in December 2018. During to manage the risk to the a 2-week period the marbest of their abilities. kets fell more than 10%, and again, our Although portfolio values can and will Chorus portfolios held up very well. fall at certain times, such price moWhat we did see however, was an ves actually present opportunities for influx of enquiries from concerned good fund managers, and whether the
Providing multi-award winning advice for your pensions, investments & tax planning.
By Sam Kelly DipPFS, EFA, BA (Hons). Managing Partner, Chorus Financial effects last from just a few weeks to several months, our experience has shown that panic selling is not the way to deal with such circumstances. If we were inclined to sell funds during a fall, all that does is lock in losses for our clients, leaving the risk of missing any subsequent recovery. History has shown that as long as you are in a good portfolio, regardless of the length and severity of a market fall, we would expect to see a recovery and new highs over time. For new investors, pull-backs like this may present a good opportunity to enter the markets. If you have any concerns about anything discussed in this article, or want advice on a new or existing investment or pension, please contact me direct on +34 664 398 702 or s.kelly@chorusfinancial.es.
Investment contracts are intended as medium to long term investments, and all investments have some level of risk. Figures in our articles are examples of what can be achieved and cannot be guaranteed; the value of your investments can go down as well as up. Fees and charges can vary and will be fully explained to you before any advice can take place. This article should not be considered as investment advice or a recommendation of any particular product.
Chorus Financial is a trading style of Tourbillon Limited, authorised and regulated by the Financial Services Commission (Gibraltar), Licence Number FSC1118B, registered with the UK FCA reference 539348, registered with the Spanish DGS and CNMV Nº Registro Oficial 3214.
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