Good Reads

Microsoft is one of the largest companies in the world with a current market cap. of over $1 trillion. It was founded in 1975 by Bill Gates and Paul Allen and went public with its IPO in 1986. It is probably best known for its software products Windows, Office/Microsoft 365 and also gaming console Xbox.Obviously the early success was down to the dominance of their Windows operating system but more recently the focus has been on building cloud computing systems via Azure which will involve a lot of capital expenditure - over $15bn in the past year. This level of [...]
Wed, Apr 08, 2020, Continue reading at the source
One of the likely issues we will have later this year due to coronavirus is a shortage of fresh produce. This is absolutely not the same as OMG WE ARE ALL GOING TO STARVE! For starters, a fair proportion of the population doesn't eat fresh produce at all. In general, young males living in cities don't, and the very existence of my older self is living proof that it doesn't kill you. Indeed, the very existence of urban food deserts shows that you can live perfectly OK without fresh produce, though perhaps you shouldn't do it for more than 10 [...]
Tue, Apr 07, 2020, Continue reading at the source
The Slow and Steady passive portfolio update: Q1 2020 post image
This has been emotional. A bear market has torn into our passive portfolio for the first time since we set it up in 2011. Many of us will not have invested through anything this scary before, and the world and his 24-hour newsfeed keeps telling us that this is even worse than 2008. Given we've just experienced the fastest 30% decline on record, how has the Slow & Steady (S&S) portfolio fared since the glory days of January? The bad The FTSE All-Share is down around 30% in three months. Same for Global Property and Global Small Caps. Brutal. The S&S portfolio itself is down [...]
Tue, Apr 07, 2020, Continue reading at the source
Weekend reading logo
What caught my eye this week. The lockdown continues, with the predictable result that the global economy has fallen off a cliff in barely a fortnight. I'll repeat again – we cannot take many months of this. I continue to have doubts about how we're approaching this crisis, whilst conceding most policy makers are striving to do the right thing with incomplete data and faced with horrible choices. It's easy for pundits with blogs to speculate about alternative approaches. Rather different if you hold people's lives in your hands. Anyway, a bunch of links below cover where we're at. To be honest, social distancing rather [...]
Fri, Apr 03, 2020, Continue reading at the source
Wealth warning. I only have a couple of years net accumulation ahead of me. You are most probably younger and have decades of accumulation. Do not extrapolate your situation from mine. There's a bear market on. Trouble with bear markets is that it's tough to say where you are in it. Personally, I'm of the view this one ain't got its boots on. Not only was the stock market pretty overvalued after a ten year bull run, but there's also a genuine and unprecedented economic hit. In the UK if you aren't deemed an essential biz, you ain't trading. That's a [...]
Fri, Apr 03, 2020, Continue reading at the source
So here we are just a month later, in a full-blown economic panic, and at the start of the most sudden recession ever. The pandemic has spread much further and faster than most uninformed people (including me) would have ever guessed, and the whole world is on some form of lockdown. Nothing quite like this has ever happened before in the modern world. What should we do? On the financial side, I've seen media stories about “The End of FIRE movement”, and a close friend even said to me, “Well, I've got to go back to work now because [...]
Thu, Apr 02, 2020, Continue reading at the source
I don't usually review my portfolio at this point however, given the dramatic start to the year, it seems worthwhile taking stock and seeing how the dust has settled.We are clearly now in the midst of a crisis - pubs, cafes, theatres and gyms ordered to close; all sporting events on ice with the Olympic Games postponed for a year; the chancellor borrowing hundreds of billions to support businesses and pay 80% of everyone's wages; the Bank of England base rate reduced to the lowest ever 0.1%; the death toll rising exponentially - currently up 381 563 in the past [...]
Wed, Apr 01, 2020, Continue reading at the source
With us now being only a single working week away from the new UK financial year and the investment world still feeling the impacts of the COVID-19 situation I thought it might be worthwhile sharing a little about how my portfolio and life is changing given where we currently find ourselves. Let's start with what my investing strategy, something I first shared way back in 2009 but wasn't really [...]
Sat, Mar 28, 2020, Continue reading at the source
Investors who rely on dividends for a large part of their income should prepare for significant dividend cuts and suspensions in 2020. In recent weeks, stock markets around the world have crashed as a direct result of the coronavirus pandemic. In most corrections and market crashes, dividend investors are able to shrug off paper losses […] [...]
Thu, Mar 26, 2020, Continue reading at the source
Are you wondering when the stock market will bottom during a bear market? So am I! Here's an easy exercise all of us equity investors can go through to estimate when the stock market will finally find a footing. The exercise will calm your nerves and provide you with rational entry points to invest. Read: How To Predict A Stock Market Bottom for charts and graphs as well. [...]
Thu, Mar 19, 2020, Continue reading at the source
A chart of the monthly FTSE 100 price looks something like this: Click to enlarge, Monthly FTSE 100 Price This is the chart that you'll see on all the mainstream media channels and it shows that the FTSE 100 still has about 32% to fall if it's going to match the worst of the global financial crisis (GFC). This sounds like a long way until one thinks about a big failing with this type of [...]
Sun, Mar 15, 2020, Continue reading at the source
It goes without saying that dividend investors want a reasonable yield, but what is reasonable? Some investors are happy with yields of 2% or less because they believe high growth tomorrow will more than compensate for a low yield today. But for investors who want a decent income today, 2% is unlikely to be enough […] [...]
Fri, Mar 13, 2020, Continue reading at the source
It was good while it lasted. Now it's time to hunker down. [...]
Thu, Mar 12, 2020, Continue reading at the source
As I write this, the biggest story in the entire world is a virus that is making its way around the planet, leaving a trail of sickness and death in its wake, while sending a much bigger shockwave of fear and uncertainty out front. Last week, the US stock market dropped 15% in just a few days, the most shocking correction since the 2008-2009 financial crisis (and the most interesting drop since the founding of this blog in 2011). I am sure you've been hearing, reading or watching plenty about it already, but the real question is, what [...]
Tue, Mar 03, 2020, Continue reading at the source
Not much has changed since my Summer Networth update back in June. Work continues to tick along day-to-day although I did manage to negotiate 2 days a week working from home which saves on commute costs and means more time around family. We had an amazing year Matched Betting, with a record monthly high of The post 2019 End of Year Networth Update appeared first on . [...]
Sat, Jan 18, 2020, Continue reading at the source
2019 has been a very long year for me, filled with incredible highs and lows as we welcomed a new addition to the family and said goodbye to another. Personally it is a year I will never forget and one that has kept me very busy. Financially however the year was very boring, so much The post 2019 A Year in Review appeared first on . [...]
Mon, Jan 06, 2020, Continue reading at the source
Peckham Spring Water
It's that time of the year when ridiculous consumer spending seems to prevail and dominate most peoples lives. This year like others I've tried to avoid unnecessary spending and instead focus on spending quality time with family and friends and giving thoughtful gifts where appropriate. I thought I'd take the time to share a recent story from the office of consumerism gone mad. I recently stumbled into a conversation at work where some colleagues were discussing the saneness of one particular gentlemen in the office. He'd just taken delivery of a bottle of water to his desk from the internal postal [...]
Wed, Dec 27, 2017, Continue reading at the source
To pay off the mortgage or to invest? That is the question. It's an often debated question in the world of financial independence and one thats been done to death in blogsphere several times over. In this article I won't go in depth into all of the pros and cons of each side of the argument but instead focus on describing what I do and why. If you're currently debating this issue internally here's a good look at the subject from the ever reliable Monevator. For the lazy amongst you here is a quick summary: Arguments to Overpay Your Mortgage It is equivalent to [...]
Thu, Apr 27, 2017, Continue reading at the source
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Full quote: “When we win on Nov 8 and elect a Republican Congress, we will immediately repeal and replace Obamacare. ” Made during many, many speeches, a tremendous number of huge speeches, the very best speeches, by U.S. president-elect Donald Trump. You can't always believe what candidates running for office say as they slog through their campaigns — gross exaggeration, pandering, and outright lies are to be expected by all involved — but when it comes to Obamacare, surely it is safe to believe that some real changes are in store for us. Why? Well, it's because the Republican party [...]
Fri, Nov 11, 2016, Continue reading at the source
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Quick disclaimer: I can't recommend that readers perform the actions I've taken, so be aware while reading I'm not suggesting that everyone should follow my lead here. Please don't, at least not before carefully thinking through the implications. Most people implement alternate solutions to solving their own moral dilemmas caused by index investing. (There are tons of good suggestions in the comments.) Another mass shooting here in America occurred last weekend, the worst ever, half a hundred dead, a like number wounded, all caused by one crazy asshole unleashing not exactly unimaginable horror on innocents. Of course, it's not unimaginable [...]
Sat, Jun 18, 2016, Continue reading at the source

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