Update: Voting is now closed, and we’re into round 3. Thanks everyone! Regular readers may recall that Monevator is in a financial blog competition, hosted by Free Money Finance. Well, we made it into round 2! Today I’m up in game 8, which you’ll find here. To vote, you read my post and my rival’s [...]
2009
Vertical diversification is when your investment portfolio is spread across different types of assets. Cash, government bonds, corporate bonds, property and shares can each be expected to behave slightly differently and so produce different returns, as circumstances change. For instance, government bonds may soar when stock markets crash, because frightened investors sell their shares to [...]
I spent a few hours this morning reading Warren Buffett’s new 2008 letter to shareholders. Maybe I should be worried the direction my life is taking, but Buffett’s annual letter has become a highlight of the year for me. It’s hard to write about investing in an engaging way (as Monevator subscribers will doubtless confirm) [...]
My bet that HSBC (and Standard Chartered) were weathering the crisis better than other UK banks has taken another knock, with the FT revealing today HSBC’s plans to raise £12 billion to shore up its finances. The bad news has long been expected, and the is price down 45% since October 2008. (To think that [...]