This year, Barclays Stockbrokers is celebrating its 25th anniversary. Whilst we
are very proud of our history, we are equally excited about our future.

On pages 6 and 7 of this edition of Smart Investor, we take a look back at events of the past 25 years that have shaped the investment landscape.
Elsewhere in the issue, technology and the future are recurrent themes. Small hightech companies are the focus on page 10, while our Investor Profile reveals how to profit from the world of ‘cloud computing’.

We have not overlooked the human factor, however. The latest Barclays Wealth Insights publication explores the psychology of financial decision making.
Commodities continue to make the news, but are they a good prospect? We
look beyond the headlines on page 4, whilst finally, on page 12, we have detailed some of the benefits of retirement planning with a SIPP.
I hope this issue provides plenty of investment ideas and food for thought.

Des Byrne, Managing Director, Head of Barclays Stockbrokers