How I saved £2. And why it’s important.

How I saved £2. And why it’s important.

I went to the Hay Festival for the second time this year. It’s only an hour from my house, through fantastic countryside (which feeds the soul) and stimulating to the mind. Mark Stevenson was very interesting in his view of how things can change for the better, revealing, for example, how plants are being re-engineered to use less water so that we will have enough food to cope with another two billion people. The best bit is listening to the questions which are so insightful. I feel that we’re not the only ones who think about how the world can be better and are willing to debate this.

And it’s well organised too. 7 speaker venues arranged round two courtyards, interspersed with good quality refreshments and a few stalls. Talks start simultaneously, last an hour and there is a half hour gap until the next ones.

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Investment and the rule of 20

Investment and the rule of 20

I write this as markets pause for breath in the wake of their collapse in the dog days of August. I hold shares, which my IFA manages, and which he liquidates (i.e. converts to cash) if necessary. But he hasn’t done so and I’m not perturbed. The main reason is that I have sufficient cash reserves to ride out any short term fluctuations because I took some cash out in March 2015. My thinking was twofold:

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