My regular Saturday comment followed by this week’s blog and financial site links.
Straight into the links this week, as by the time you read this I’ll be somewhere in Eastern Europe, visiting my girlfriend who is doing some research work and eating too many pigs.
I have written before how government bonds still look expensive to me, relative to the risks of inflation and the potential returns from equities.
The yield to redemption on UK ten-year gilts is 3.66%. That might have done in Jane Austen’s day, but it is pitifully small compared to earlier this decade.
The obvious question is at what yield I’d buy government bonds? At what point does a low but certain return become attractive?
Further to my recent article about the gold possi-bubble, we can now add biting (and scratching) satire to the unfolding bull gold market story.
Cats for Gold is a spoof site promising to turn “glitter into litter”.
I previously shared my research into developing iPhone apps. The clear message was making money from iPhone apps is not easy.
Of course, before you can make money from your iPhone app, you need to develop the app in the first place.
It’s hard to get a feel for how difficult this would be in practice – the developers of the iPhone apps on the iStore range from one-man bands to multinational software companies.
For some answers, I dropped a line to programmer Paul Dias, who created one of my favourite new iPhone apps, Tube Changer.
Paul’s simple-to-use app tells you where to get on a London Underground train so that you’re correctly placed for the exit at the other end of the journey.
It sounds pretty nerdy, but as a true Londoner I consider it my sworn duty to hurtle through the system as rapidly as a banker running towards a bonus. Tube Changer can save you valuable minutes being stuck behind mobs of Spanish students blocking the platform.
Tube Changer is also interesting because it was created by one man in his spare time – the sort of cheap development process I’d require to keep the risks down and to maximise rewards in the shape of a passive income stream.
To find out more, I batted a few questions back and forth to Paul on email. He was kind enough to reply with pretty extensive answers, as collated below.
