Month-end Accounts: Net Worth July 2018

With the end of month, comes the end of the summer – it seems.

It’s been a great month in terms of weather and also a good month in terms of finances.  Despite higher than normal spending due to a new wood burning stove being put in (and paid for), the Gentleman’s Family Finances are looking strong with a further marching on of our net worth to over 85% of Net Asset magic number.  However my FIRE  requirements are only at around 45% of target – due to having a lot of money tied up in the house and in SIPPs/LISAs/Pensions. Continue reading “Month-end Accounts: Net Worth July 2018”

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Geriatric Interest Only Mortgages

I just read that now older mortgage holders will be able to continually rent their home until around the time they move into an old folk’s home (or die).  Accordingly, Leeds’ Building Society has new INTEREST ONLY mortgages offered to borrowers aged 55 to 80.

Well – when your house could have earned more money than you have in your lifetime, why should you not just MEW be increase in price and continue the luxurious of mortgage usury? Continue reading “Geriatric Interest Only Mortgages”

Climate Change and Investment Risk

I was driving through the countryside this weekend and through the catchment area for one of my pet investments.  Rumbling bridge hydro.

I have had a soft spot for cooperative finance and I’ve been investing in Peer to Peer investments for over 10 years but a couple of years ago I came across this type of energy cooperative. Continue reading “Climate Change and Investment Risk”