Contents -- Contributors' notes -- Foreword -- Introduction -- A reality check on HNWIs -- About the contents -- Acknowledgments -- Part One Balancing risk in financial investment -- 1.1 An introduction to investment risk -- What do we mean by risk? -- How do we measure investment risk? -- Applying the normal distribution to returns -- Interpreting volatility of returns -- Comparing volatility figures over time -- Portfolio beta -- Correlation and the impact of diversification -- Risk-adjusted performance measures -- 1.2 Enhancing investment performance via tax structuring -- Introduction -- Simple tax planning steps -- Offshore bond -- Loan trust -- Discounted gift trust -- Enterprise Investment Scheme (EIS) -- Investments which qualify for business property relief (BPR) -- Venture Capital Trusts (VCT) -- Pension schemes -- Conclusion -- 1.3 Investing in commodities using ETPs -- Commodity investing goes mainstream -- Why the strong demand for commodity ETPs? -- Composition of demand for commodity ETPs -- The history of commodity ETPs -- Different kinds of commodity ETPs -- Contango, backwardation and futures curve dynamics -- Early stages of growth -- 1.4 Venture Capital Trusts (VCTs) -- What is a VCT? -- Who should consider investing in VCTs? -- Not all VCTs are the same -- How are underlying investments chosen? -- Pros and cons of VCTs -- How and when to invest -- How do I sell my investment? -- How can we help? -- 1.5 Agricultural property investment -- Introduction -- Land values -- Challenges for new investors -- Land market fundamentals -- Investment returns -- Direct investment in UK farmland -- Conclusion -- Part Two Protecting wealth by minimizing the tax burden -- 2.1 Surviving a high tax regime -- Income tax or capital gains tax -- Taxation of investments -- Investment structures -- Tax planning in future years.

2.2 Taxation of UK-resident non-domiciliaries -- Overview -- What is the difference between residence and domicile? -- New statutory residence test -- What is the remittance basis of taxation? -- The £30,000/£50,000 remittance basis charge: what is it and when must it be paid? -- Other consequences of electing for the remittance basis -- Meaning of 'remitted to the UK' -- Temporary non-residence -- Exempt property -- Non-domiciled shareholders in overseas companies -- US citizens -- Planning for non-domiciliaries post April 2008 -- Conclusion -- 2.3 Enterprise investment schemes -- Introduction -- Legislation -- EIS taxation benefits -- Conclusion -- 2.4 UK tax points for UK nationals moving abroad -- The broad scope of current UK taxation -- Implication of these general rules for different types of moves overseas -- The proposals for a statutory residence test -- Conclusion -- Part Three Investment in precious stones and metals -- 3.1 Investing in coloured diamonds -- Introduction -- Coloured diamond prices -- Coloured diamond supply -- Demand for coloured diamonds -- The auction market -- Acquisition -- Key trends in the market -- Taking possession versus offshore storage -- Monitoring the market -- The sales process -- 3.2 Understanding coloured diamonds -- Grading diamonds -- Evaluating coloured diamonds -- Coloured diamond rarity -- Certificates and reports -- The science behind coloured diamonds -- Summary -- 3.3 Canadian diamond mining -- History of diamonds -- The geology of diamonds -- The world's cratons -- Diamond mining -- Global diamond supply -- Global diamond demand -- History of Canadian diamonds -- Why Canada is an important diamond producer -- Areas of active exploration -- Diamond mining companies: profitability -- Diamond exploration financing -- Diamond exploration investors -- Summary -- 3.4 The allure of precious metals.

Introduction -- In the beginning there was gold -- Golden ages -- Gold as money -- Back to gold as money -- Hindsight breeds foresight -- Canada's golden opportunity -- Much more to explore -- Part Four Investments for pleasure and profit -- 4.1 Art and antiques -- Introduction -- The art market -- Formulating an art investment strategy: the pros and cons -- Art as investment -- 4.2 How to invest in art and antiques -- Art and antiques journals, guides and price indexes -- Buying and selling art: auctioneers, the internet, dealers, fairs and artists -- Conclusion -- References and further resources for Chapters 4.1 and 4.2 -- 4.3 First-class returns from rare stamps and prestige collectables -- A surprising asset class -- A question of balance -- Stamps and coins - really? -- Why invest? -- The academic angle -- A sample rare stamp portfolio -- The tortoise and the hare -- References and further resources -- 4.4 Fine wine investment -- The advantages of wine as an alternative asset class -- The process of fine wine investment -- Which fine wines to choose? -- Moving from 2011 into 2012 and the current state of the fine wine market -- Quick tips for establishing and managing a fine wine portfolio -- 4.5 Racehorse ownership and investing in bloodstock -- Introduction -- Racehorse ownership -- Investing in bloodstock -- Sales -- Bloodstock trading -- Breeding -- Summary -- Part Five Socially responsible investment -- 5.1 Sustainable and responsible investing -- Why consider sustainable and responsible investing? -- Tell me about some of the latest developments -- Who uses sustainable and responsible investing? -- How should charities and pension funds approach sustainable and responsible investing? -- What types of techniques are used? -- What types of sustainable and responsible investments are available?.

Can sustainable and responsible investments deliver good financial returns? -- How should I get started with sustainable and responsible investing? -- What about other financial services? -- Notes -- 5.2 Going green: renewable energy and carbon credits -- Introduction -- Renewable energy -- Other types of ecological strategy -- Carbon credits -- 5.3 Mission possible: how the wealthy can help charities during the economic downturn -- Developing your giving strategy -- Taking advantage of the tax breaks -- How can I plan my giving more effectively? -- Conclusion -- Notes -- Appendix 1 -- Contributors' contacts -- Appendix 2 Directory of investment managers and independent financial managers -- Index -- Index of advertisers.