by The Investor
on August 7, 2009
Investment trusts are companies that invest money in other companies, both listed and private, and/or other assets like bonds, property and private equity. They are in the business of trading and holding these assets for profit.
The particular kind of assets an investment trust holds depends on the mandate of that trust.
For instance, a trust may specialise in smaller companies, fixed income, overseas stocks, or one of a host of other themes, enabling investors to take interesting positions on the market.
There are also specialised property investment trusts that get tax breaks called Real Estate Investment Trusts (REITS). These deserve a future article in themselves.
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by The Investor
on August 5, 2009
I have now seen a third debt go ‘bad’ at Zopa, the peer-to-peer lender. This time it was in the A market, whereas my previous two bad debts at Zopa were from the B market.
To be clear, when I say ‘bad’ I mean the debt was written off.
All my Zopa loans are just £10 in size, which means the impact isn’t too great.
The money thief bad debtor was even kind enough to pay back £1.24 of my hard-earned cash before he decided he’d paid enough.
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by The Investor
on August 1, 2009
Alas I didn’t personally interview the legendary David Swensen, creator of the Yale portfolio model. Monevator is a small fish in the big, shark-infested ocean of the financial media!
Rather Mike over at Oblivious Investor spotted these WealthTrack video interviews with Swensen on YouTube.
The interviews give an up-to-date insight into Swensen’s thinking, and are far less frenetic than the “future of the world in two seconds!” soundbites you get on CNBC.
Here are the two videos for the investing geeks among you, followed by my usual Saturday links:
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by The Investor
on July 31, 2009
I have an old Sony Ericsson phone that an unlucky mugger would throw back at me. It does the job, but it’s no boy’s toy.
I didn’t even pay for it! A friend gave it to me after a month because he only bought it to use while in Europe.
Its charger has a two-prong European plug. The adapter I use to power it in Britain costs £1.99. It’s my two-quid mobile phone.
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