The Aldi Super-six this week are pineapples, conference pears (6), Kiwis (8), granny smiths (6), oranges (6) and plums (500 grams) all at 69p each. There are special buys today and on Sunday too. I think I’ll look at the appliance bulbs, the one in my fridge needs replacing. Other bargains this week include those at Matalan, they have some half price offers. I went on Sunday, there was a long queue at the checkout and the car park was packed.
We hear a lot about so called ‘safe havens’ for investment funds. The United States was a ‘safe haven’ for many US investors and the UK has seemed a safe investment for many funds compared to Europe. It’s not just Government bonds that are seen as ‘safe havens’ by investment fund managers, but blue chip shares too.
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…)
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…)