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I’m a Fellow now. I was always a fellow as per Definition 1. above – but now I’m one as per definition 3. above. A Fellow of the Personal Financial Society.

Nothing at all to do with,

The Lord of the Rings: The Fellowship of the Ring is a 2001 epic fantasy film directed by Peter Jackson based on the first volume of J. R. R. Tolkien’s The Lord of the Rings.

Never mind it still trumps over 95% of my profession even though I don’t get to carry a sword.

A Financial Education over 25 years

I joined the insurance industry in February 1987; the following October the FTSE100 crashed. As a newcomer to the world of investment I never saw the crash coming, and interestingly my elder colleagues never saw it coming either. And yet the FTSE100 had spent the previous 9 months on an almost vertical upwards trajectory; in hindsight the crash was inevitable. The advice we passed on to investors back then was…

“don’t panic, the markets will recover”…

and recover they did, eventually. Where did we get this advice? We received it from Abbey Life’s all-knowing fund managers. Back then we weren’t paid to think, we were paid to sell. Continue reading “A Financial Education over 25 years”

Paradigm Shift

I endured a manual gearbox in a car until 1994. For fourteen years I believed that true motoring pleasure could only be derived by co-ordinating a movement of my feet in opposite directions, along with a pull or shove of my left arm. Whenever I bought a car I was looking forward to the enjoyment of the open road, but the truth usually looked more like a crowded M61/M62 interchange on a wet Friday evening. In a traffic jam manual cars are such hard work compared to automatic cars. I watch Jeremy on Top Gear every week and think “I bet you drive an automatic to work really”.

I made a “Paradigm Shift”. Continue reading “Paradigm Shift”