Category: investing
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Surviving the cost of living crisis. #financefriday.
The UK’s cost of living crisis worsened yesterday when the Bank of England increased interest rates. They tell us we will get higher interest on our savings. I checked what Halifax had to offer, and they offer 4.5% on a regular savings account but it is only for the first 12 months. High energy costs […]
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Buying less stuff #financefriday
If you can’t make enough money then saving money is the next best option. Being thrifty and shopping around is a good habit to get into. Being frugal and doing your own DIY and your own cooking will save you cash too. I’ve got a sausage casserole for dinner and cooking it was easy. It […]
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Marginal economic growth. #financefriday
Apparently, the UK economy grew by 0.1% in November, all because a few football fans went to the pub to watch the World Cup. Maybe they removed a few gifts from their Christmas list so they could afford it or turned their heating down 1 degree? Many people saved through the pandemic and still have […]
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Fortune telling. #financefriday
To make money on the stock market you do need to be a bit of a fortune teller. Yesterday afternoon, Standard Chartered’s share price shot up but it was on a rumour and quickly fell back again and lost the rest of that high this morning. I am still optimistic about that stock doing well […]
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Hold and wait. #financefriday
I did a local survey online to see how people were coping with the high energy bills. 15% said they were okay but 51% said they were cutting their energy use. 7% are driving less or driving slower to save on fuel. 18% are switching brands etc, to save money on food. Spending more money […]
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And the poor get poorer. #financefriday
This week interest rates went up across Europe and the US, piling on the misery. They have been too low for years though, robbing the thrifty who save and invest their money. The rich however have been borrowing money at ultra-low interest rates to invest, while spending their own money on more and more property. […]
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The white stuff #financefriday
Like most people in the UK and Europe, I’m trying to save energy. My hands are cold! I have 4 radiators turned on, out of 8 and the boiler has reached its maximum temperature. If I want it warmer, I have to turn on more radiators. I’m checking my smart meter and it went to […]
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Inflation and energy bills. #finance
I try to write a finance post on a Friday but I was busy doing other things this week. Inflation is eroding our savings and investments now. With inflation running at 10.1% all we can do is look for investments that will give us a decent return and not be too much of a risk. […]
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Recession and higher taxes
The UK government borrowed and spent hundreds of billions during the pandemic but now suddenly we’re broke and can’t borrow more. Of course, if the government did borrow more the pound would sink even lower against the USD and our credit rating would drop again. The London Stock Market has lost its position as the […]
A Zillion Ideas 