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Monday, 16 January 2017

Start of a new week and a small confession

This is Devon not Cardiff but it is the only picture of the sea I could find!

With Brexit and everything else going on, I am seriously cheered to read things about the Tidal Lagoon that is too be built in Cardiff.  You can read about it {here}.  This makes me seriously happy that we as Brits are starting to look to the future and securing our own energy from the huge natural resource that is our tidal seas and estuaries.  Lets hope that they think about making more than the ones that are already earmarked.  There are also deep basins in Devon and Cornwall. They could both do with the economic boost of the jobs.

Hooray, I say.  

To be politically independent you have to be economically independent. 
To be economically independent you have to be energy independent.


p.s. I am glad I moved some investments out of cash funds (that were giving a poor return), and into bonds and something I said I would never do, and invested in Tobacco, to bring the portfolio back into being more rounded.  I know you have probably just shaken your head at that.  I know, I am disappointed in myself.  It is for a short time only, until the PM sorts herself out and gives us a real plan of what is going to happen.  As it is, the markets are hugely volatile at present, before her statement this week, concerning Brexit.  (I have a huge list of companies i.e. Nestle etc that I will not invest in.  Along with anything that harms anyone or animals.  This did include tobacco.  I feel this erosion greatly.  And will remedy this as quickly as possible as it makes me feel very uneasy).  Why am I telling you this?  Well you have to keep it real dont you.  Its not all fairies and unicorns and pretty interiors.  Hard choices have to be made and some really go against the grain.  

17 comments:

Annie's Journal said...

I'm really very interested to hear about investment venture and ideas as I admire people who make serious decisions using wisdom in multiplying their resources. I call this responsibility...I know it's not easy, but nothing is. I have set up another blog...perhaps it would be an interesting read for you...do check out if you find the time: http://grow-wealthy-wisdom.blogspot.bg/

Tracy Chadfield said...

It's still fairies and unicorns, they can do bad ass too.
I have very little knowledge on what you said, but obviously you have plenty :) This makes me smile :)

Sol said...

Hi Annie, hope you are well. I dont believe in relying on the state. we have to look after ourselve. We are educating ourselves. We have to make life better for ourselves.

Annie's Journal said...

hi Sol, my apologies...I set a setting (which I didn't know of?!) ...it's now on. http://grow-wealthy-wisdom.blogspot.bg

I share your views and values on how you look at life, and I respect you highly for that!

Sol said...

Hi Tracy, I retrained a few years ago to go back into finance when I want to give up being a project managers assistant. I had lovely rose tinted glasses that when I previously worked in wealth management years ago, that I loved it and thought it was great.

It turns out that it was more the people that I worked with rather than the job that I loved. I self funded all of the qualifications myself. Went to lots or really crazy 3 day interviews and finally went with the place that I thought I would love. It was a mistake. Over the last 16 years, since I had previously worked as an Investment managers assistant, my whole out look on life has changed. I couldnt hand on heart tell people to invest in something I dont believe in. With a heavy heart that I had wasted so much money and was really low at that point following the car crash. I asked my old manager who really is my real life fairy god mother/mentor who I respect so much, helped me look for something else as she had already taken on another person in my old position. How nice is she???!!!! A friend for life, and not once did she say 'I told you so'. Bless her

Hey Annie, I will have a look later so I can have a super indepth look at it. :)

Kev Alviti said...

Like you said, it's better than Nestle! Shares are a tricky one. I'm not even sure I agree with the idea of them, yet I have a small amount of them. I think I need to be smarter with my money, all it does here is sit int he bank - although there'll be none left when we've done the extension!

Sol said...

Hi Kev, this is my pension I have to make some decisions that help. The investment manager that looks after it was really helpful and also saw what I did as soon as there were some movement last week with the PM. Brexit will be the biggest thing to affect people of our age, it has taken 10 years to crawl out of the last recession. This one will make life harder as food will become more expensive.

Lol we pumped pretty much everything we had into this house. Hence I seem so jumpy at present about Brexit. But if I dont have a plan and feel good about it, I actually worry myself sick, quietly in the back ground.

Myself, all I can say to you is to start watching the markets. Decide on what type of companies you WILL NOT invest in. For me, that was tobacco, armament, anything linked with religion. I did allow alcohol. Then from there you can see who are attractive to you. I have some investment in green energy, the growth has been slow, but this is a pension I feel this is really a good option for me.

I have also been looking at battery companies, deep cell batteries for electric cars and home solar power units. This interests me, I have been watching this for a while. There was a sudden jump last year when there was a buzz about the Telsa cars. I think this is the way forward, we cant keep digging stuff out of the ground.

I have a while till I retire so I can take more of a low to medium risk. I also wont make as much as I am not as diversified because of the companies I wont invest in. I cant say one thing and allow my money to be invested in the very thing I dont like.

Maybe take some advise on it. If you find someone good they will give you an idea but no advise for free. ie forecasting. It actually a good thing to do, to see if you can take any losses. If you like I could do a post on that, how you can see what your financial position is. This is how we decided if we could chuck it all in and move to Cornwall.

Raybeard said...

Hello, Sol. Long time no.....
Just to say that I finished (for 2nd time) 'Lolita' couple of days ago. When you have time and inclination to gather your thoughts on it I'll append mine.
Cheers.

Sol said...

Hi Ray, I think Linda is also reading, I will be sorting it for the 21st if that is ok. Give Linda a chance since Christmas to read it... Hope you are well!

northsider dave said...

Hi Sol. Great post. I am also very concerned about Brexit. I am going to get my Irish passport this year to keep my free movement in the EEC. Don't know how long the EEC will last now the UK (most of it) picked its ball up and said: "It's my ball, I am not playing any more." I hope Theresa "Maggie" May tells us ex Pats living overseas and UK residents, will we will still be allowed free movement. They didn't even give us a vote. Sorry about the rant. I believe gold is always worth investing in during a recession. We dream of buying an house in Portugal to rent out when we are not there. But we don't know if this will be a good decision with all this uncertainty.

Sol said...

Hi Dave, I worry that this Brexit, will be the loaming overlord of the next 20-30 years, all of which are my prime working life. Lets be real I am going to have to work till I am 70 at least. Young people really need to stop being Snowflakes and start to help themselves rather than moaning about it. Pick yourself up and get on with it I want to shout at them. It didnt go in the way we thought. Tough luck to us. We have to get on with it and plan like you are to get an Irish passport.

I have no crystal ball to say what to do. My family all think we have lost the plot, getting 2 dogs and going to sell a house that they all think is lovely. What they dont factor in, is we are pretty much on our own here, 3.5-4 hours from family. Our friends are slowly leaving the UK. Some of the 'boys', that Posh Boy went to school with are going to Australia with their young families, one is going to America and one is going to his wifes home county of South Africa. That leave Posh Boy and one other staying in the UK. Who can blame them for wanting a better life and to not have to weather what ever comes of this Brexit. I hope we are all wrong and it is all nothing. In the mean time, we are getting ready for the worst and if it is nothing -then we have at least moved closer to family. Win Win for us. Only you and your wife can think if you want to do Portugal or not.

Free movement will not be allowed I dont think. Because we arent allowing it. We cant expect other countries to allow it. It was apparently one of the main reason for the leavers to vote leave. Brits lived in Ireland before all of this free movement, same as they did in France when they needed a Carte de sejour.

http://www.connexionfrance.com/carte-de-sejour-permanent-prefecture-Brexit-12195-news-article.html

Read this if you like it gives details. It could also be the same in Ireland. Who is your local MP in Ireland. Its not really to do with the Brit PM if Ireland still allows free movement. The Irish Government will tell you. Contact you local Irish MP and ask what things have been put in place. They have to tell you.

If it was me, I wouldnt be waiting for some else to tell me, I would be seeking all the knowledge on it right now. And then make informed choices. You cant decide when you dont have all of the scenarios.

How long does it take to apply for an Irish passport?

local alien said...

Hi Sol, just reading your post and the comments. I have not started reading lolita. It was not free on Amazon so I left it. I could get it from England now for a few euros but maybe it is too late? What is the next book on your list?

Sol said...

Hi Linda, dont worry about Lolitta. Maybe you will see if cheap somewhere another time and want to read it then. Wait and see what Ray and I say about it first! The next book is Mansfield Park.

Here is the link to the list for future ref

http://besolbe.blogspot.co.uk/2016/10/the-read-along-book-list-20162017.html

local alien said...

OK I found Mansfield park. Not free but very cheap, will download now. I have been reading all the cheap books I got at the Xmas bazaar in Athens, mainly detective. Good for relaxing. Time for serious reading now

Sol said...

Hey Linda, thats great. I think I will really like Mansfield Park. I am looking forward to it. If we carry on with the read a long, I am going to need a new book shelf! lol Of course I could download them to my kindle but then no one would see how cultured I am becoming! LMAO

Have a great day.

Tricky Wolf said...

tobacco may be a bad idea, i read an article that Russia is tooutlaw the sale of tobacco and products containing it to anyone born after 2015, if other countries follow suite it will be a thing of the past within a generation...

Sol said...

Hi Tricky Wolf, I can sell the shares in a few months hopefully when they have gained. I needed to dump my cash before Teresa May makes her speech. I am glad I did it. There has been a small surge this morning, but I cant take the risk of it falling with retaliation speeches from the rest of the EU, China, USA, Russia. I didnt dump only sterling I dumped all currencies. There is the new President of USA, elections in Europe, one of the majors being the Netherlands where they have no idea if they are going to end up with a far right group in power. In May, France votes and in October Germany votes also.

I wont keep the tobacco shares, it is a short term fix just for now (defo, not a year). I am thinking of selling them but am researching what I what I want to do. This way I dont have to make knee jerk reactions and be caught out. this is my pension, I cant mess about too much. I am a low-medium risk person. Hope the weather is lovely there! Its damp and dark today!!! lol