How to put out a FIRE? Use Liquidity

Recently our plans for FIRE took a slight turn for the worse.  It’s a reminder that paper profits can flatter your balance sheet but when the SHTF it’s all smoke and mirrors. The importance of liquidity is hard to ignore.

Anything which has a value which depends on the whims of individual buyers is a risk.  Think fine wines, classic cars, private shares, property, antiques, stamps.

You could have just invested in a FIRE extinguisher!

Continue reading “How to put out a FIRE? Use Liquidity”

Advertisements

The Dangers of Double Counting

I’ve just uncovered a mistake in my Expenses Spreadsheet.  It tracks all of my Income, Outgoings, Assets, Liabilities and Transfers.  I’ve been keeping it in some form for 17 years and if I spent as much time as I have working on it, learning the piano, I’d be a maestro! Continue reading “The Dangers of Double Counting”

Stocks and Shares – more like Shocks and Scares?

This week has seen some pretty volatile movements in the stock markets.  I’ve not been paying much attention to the news but I’m sure it’s a combination of US sanctions, problems in the Middle East, blood letting FAANGs and new next financial crisis beginning.  It almost makes you take you eye off the Brexit shenanigans!

Continue reading “Stocks and Shares – more like Shocks and Scares?”

Month End: November ’18 – assets and spending

Where has the year gone???  It’s almost bloody Christmas and there’s nothing but Christmas tunes in the shops – I’ve not seen the sun in week and it’s getting very very cold!!!

Well, at the end of the month it’s time to set some time aside and go over the Gentleman’s Family Finances and this November has been quite good, and after October it’s a welcome relief!
Continue reading “Month End: November ’18 – assets and spending”

Places I hide my money: Abundance Investment

This is a post about one place where I put my money – Abundance Investment – it’s a good combination of renewable energy projects which means investing in a more ethical manner,  good returns on your investment and a hedge away from the ups and downs of the equity markets.  As Abundance put it “That’s people who want to invest for a rainy day, and would like to build a better world at the same time.” Continue reading “Places I hide my money: Abundance Investment”

Month End: October ’18 – assets and spending

What a difference a month makes!!!

Whilst I was enjoying family bliss away from the world, the world was going to pot!  Stock markets were crashing and all sorts of scares were about.  I didn’t pay much attention to it, although  I did see it as a buying opportunity.  But mostly my focus was on family – but since you wouldn’t put a price on your kids, I’ll leave them out of the equation.  So, here’s how the month went for us: Continue reading “Month End: October ’18 – assets and spending”