If you’re careful with money and are thrifty and try to shop around as well as being frugal, you can save quite a lot of money. The rewards over the long-term come as an appreciating bank account but you also have to look at how to invest your money. Since 2011 I’ve been getting good returns from Zopa and I still get over 4% which beats any bank account. My rewards for being careful are more evident now as I can afford to spend more money of a few luxuries but I still ask if I really need a product before I buy it. I bought a smart TV and other things this year and my credit card got a lot more use, but I paid it off at the end of each month.
In life, we always have uncertainty and some periods are more uncertain than others. Most people try to avoid drama and want a quiet life. We want certainty in an uncertain world. It is the same when we are investing our money, we want certainty and stability but politics and religion make for constant uncertainty. Today, it is the referendum that makes markets jittery in the UK, but many problems around the world add to the uncertainty. (more…)
Market risk changes constantly. Economic downturns, terrorist risk, perceived risks by rating agencies and political risk all weighs on sentiment. The sentiment that drives buying and selling in the market. (more…)
The Halifax has said that house price growth has risen to 9.7%. Who benefits from this? If you own property as a landlord, then you might benefit when you sell your property or you might be able to increase the rents but overall as a society, we are losing out as so much investment goes into the property market. (more…)
I was reading a forum this morning and someone suggested the reason by the world’s stock markets were so unstable was the robots having a laugh at our expense. Many transactions are now done by computers these days! (more…)
The all share index on the London stock market is down nearly 4% this week, which is a lot for small private investors. There are some bargains to be had but falling markets have had a devastating effect on the value of portfolios in recent months. We have to think long term and consider buying. (more…)
The Federal reserve increased interest rates this week. So is this the first sign of a genuine global economic recovery? With a low oil price driving a recovery and stabilising inflation we could now have a chance for growth. (more…)
The stock market has been dropping since June and dropped from a high of over 7,000 in May to a low of under 6,000 this week. It dropped below 6,000 last month too and then recovered, will it stay over 6,000 now? (more…)
It’s been quite a good week for my investments. Solo Oil has continued to make double digit gains with good news coming from Tanzania. (more…)
We all would like to save more money, but find it difficult. We often see something as essential when they’re really luxuries. Housing is an essential, but are we spending more than we need to on it? (more…)
The financial crisis of the past few years has led to a few important trends, such as peer to peer lending and crowd funding. Investors are looking for rewards other than money when deciding what to invest in. Zopa has led the way in peer to peer lending offering better returns for savers. (more…)
Last week, I wrote about supply and demand within markets. Supply and demand effects all free markets. The housing market in the UK, particularly in the south is seeing rising prices, because demand is high and supply is low. (more…)
Last week I wrote about the ‘rights issues’ I’ve been involved in on the stock market. A large amounts of shares were issued in Premier Foods and so the supply has increased. The price is dropping and I suspect it’s mostly small investors selling. (more…)
Interest rates are still very low in the UK. The bank rate is still 0.5% and so banks are offering meagre returns on their accounts. They try to make them acceptable with bonuses, but most people find the rates unacceptable and are looking for a better return on their money. Peer to peer lending has become safer and more popular. Leading the peer to peer lending movement is Zopa. (more…)
I read this week that people forget where they spent their money. You look in your wallet or purse and suddenly it’s all gone and payday is still some way off. Many people can’t last until payday and even then, if disaster strikes they can’t last long without money
I used my credit card last month, when the bill arrives I’ll pay it off. If you pay interest to the bank that’s money you can’t spend on those little luxuries that make life more bearable. Paying extra for goods so you can get ‘interest free’ credit is the same or paying extra for monthly instalments.
I started lending money to other people through Zopa, a couple of years ago. I get higher interest rates if I lend to people who are considered riskier. The A* market is the safest and I have no bad payers in that market or the A market. I have half a dozen late payers in the B market.
Today’s photo was taken by Simon James and I’ve cropped it and added the text to it. It looks like a postcard! This is my usual ramble on a Sunday, when I have little to write about and so ramble on about whatever is on my mind. At the moment that’s lunch! (more…)
I’ve been with Zopa (Zone Of Possible Agreement) for two years now and have been getting a better interest rate than with any bank. The interest is taxable, but at over 6% is still better than the so called tax free ISA’s offered by banks. I have had late payers, but because I lend only £10 to each of my borrowers the risks are limited and I have had no one default. I mainly lend to people with good credit ratings of A* or A, but get more interest when I lend to the B market. The return is above inflation and so a real return.