Taylor Wimpey PLC (TW.L) | Investments
A lot of shares seem cheap now as we appear to be coming out of a recession. Taylor Wimpey shares have been rising steadily since 2008, but are still a fraction of what they were in 2007. They could return to the highs of over £4.00 a share as the economy recovers. I think there is a housing shortage and they are in a good position to do the building, if the government gets it’s act together.
Thrifty Thursday offers this week
The Aldi super-six this week are carrots (1kg), broccoli (335g), spring onions, little gem lettuce (2), radish (200g) and tomatoes (6). They are all 39p each and that’s the same as last week. We might even have the weather for salad this weekend!
If you’re a regular reader then you know I opened an account with Zopa in 2011. It doesn’t make me a fortune, but the return has been more than from the banks. The current return for investing over 3 years is about 4.5% after fees. On the savings the average household in the UK has, that’s about £90 a year.
Resolutions and goals
We all complain about our lives, but we do little to try to change them. I was reminded the other day that there are billions of people worse off than me. Many people my age can’t even switch a computer on, let alone type a blog and run a website. I have known things to be much worse than they are now. 2008 was a bad year and I resolved to make 2009, a lot better. I wrote a novel!
Thrifty Thursday | surviving the recession
I went to Aldi yesterday in search of a few bargains. I particularly wanted fruit and veg, I had run out after the long Bank Holiday. Recent research has implicated infections as the cause of even more serious diseases and so it’s important to get vitamins and minerals. I think antioxidants like vitamin C are important. I managed to get broccoli, for 49p; that’s usually on offer. I also have the grapes, 1.29 for 500 grams. I find that there isn’t a great choice of meat and often the shelves need restocking. I do pass Asda on the way back though and so could pop in there too. I have a few things from Asda (more…)
Investments | Royal Bank of Scotland Group (RBS.L)
Buying in a bear market
When there are more sellers than buyers in the market, traders call it a bear market and when the buyers outnumber the sellers, they call it a bull market. This appears to be a bear market; but the government is buying back it’s bonds by ‘printing’ money. What will the financial institutions do with the new money they get from selling bonds? I think they are buying shares in the markets again but being very selective. I have bought shares in another company that is making a loss; the Royal Bank of Scotland Group. (more…)
Making your first million | Appreciation
Wealthy people don’t keep their money in cash; they have it invested in assets that will go up in value. Assets that tend to appreciate are land, property, equities and commodities. You need assets that appreciate quite fast to become a millionaire quickly. If you have a £1,000 or a $1,000 and you invest in something that appreciates in value quickly; perhaps doubling in value every year. You would become a millionaire in just 10 years! Can’t be done right? Maybe it can… (more…)
Finance Friday | Living for tomorrow
Saving for tomorrow, living for tomorrow
People have told me to spend my money and live for today. I tend to save money and be careful. In October 2011, I phoned my energy supplier and asked about a cheaper tariff and that’s been saving me money. I‘m now £100 in credit on yesterday’s meter readings. I also bought shares in Premier Foods for 4p each, they went to 12p yesterday and are still going up. Was it worth it? Damn right it was! (more…)
Finance | Appreciation and Depreciation
I bought my car in 2004 and so it’s lasted 8 years without any trouble. That is 12.5% depreciation a year and I expect it to last at least another 2 years so I can get depreciation down to 10% a year. It’s not as fashionable as a new car straight out of the showroom; but cost a lot less. A wealthy American on television advised people to own more appreciating assets than depreciating assets like cars; that was good advice. (more…)
Thrifty | A skill to save money
I went to Lidl on Sunday afternoon and was reminded that I really need to learn how to cook rice. It seems you have to ‘wash’ it to remove excess starch and then cook it with just the right amount of water so the dried rice absorbs the water and cooks. It sounds easy but my rice tend to stick together. The boil in a bag rice is easier and the packets that you can microwave are great. You don’t have to microwave that rice, you can stir fry it. It appears to be partly cooked and coated in sunflower oil. Anyway, 5 kilograms of rice was about £5.00; that would last a while! That’s a new skill that will save money! (more…)
It was an interesting week though
It was an interesting week that started with The YamYam featuring my blog on their website. The YamYam is a local news site that aggregates other sites by linking to them. They provide a useful link to local news and sites of local interest. I managed to post a blog every day this week too; I forgot to click publish last Friday! I also had my hospital appointment. (more…)
Sunday Ramble | economics
In the great Book of Life, answers cannot be found in the back. As keen as you are to get to the bottom of something or find a solution, you appear to have little option other than to let a situation unfold further before you can apply your Aquarian way of thinking to it. The fact you must play a waiting game could be the cause of current frustration. Relax and let an answer come to you instead of the other way round. (more…)
Thrifty Thursday 17
We are into Autumn now and the colours of nature are changing; it’s getting cold! It was just 3C this morning and so decidedly chilly. Public buildings in the UK usually put heating on at the beginning of October but I was trying to delay until we change the clocks from British summer time back to GMT. I have insulation and draught proofing. I will probably save some energy by not getting up so early too! My contract ends this month with my energy supplier and so I can try to get a switch to a better tariff. (more…)