Don’t overdo it, and don’t shove it down other people’s throats, but enjoy it when you get the chance – and never be ashamed of it.
The Investor
(Image: rednuht) During a bear market in shares (like the bear market we’re in as I type), investors flee the scene like lemmings leaping off the Titanic. One effect of such pessimism is widening discounts on investment trusts. When nobody wants to buy them, big, venerable investment trusts can easily trade at 10% discounts to [...]
Following my recent post on the Government’s urging banks to help reckless (sorry, ‘hard-pressed’) borrowers, a reader alerted me to this excellent article from Vince Cable of the Liberal Democrats in The Independent pointing out that banks played their part in pumping up prices: British banks, in particular, lent too much, too quickly, too carelessly, [...]
Not content with lending billions to the banks and bailing out Northern Rock, the UK government has set its sights on homeowners who are struggling to pay their mortgages. According to the BBC: Homeowners will have enough support to ensure that their homes are not repossessed, the government says. The comments came after key mortgage [...]