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”

2011 Census

Two things happened this weekend. Firstly we lost an hour of our life; they took it from us in the middle of the night so we wouldn’t notice. If we are good we will get it back in September. If it were money that was borrowed for 6 months we should earn some interest, so do we get back our hour and a few extra minutes of life? And if we did how would you measure that extra life? That brings me to the second thing that happened this weekend, the 2011 census. Continue reading “2011 Census”