It's sometimes useful to run experiments yourself, isn't it? New investors are often told that, when investing for the long term rather than chasing individual stocks, it is better to be invested for the longest possible time rather than trying to do "dollar cost averaging". DCA is the process of spreading out over time the purchasing of your investments. That way, you don't lose it all if the market drops the day after you invest. Let me explain... Imagine that it is 1994 and your rich…
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A few weeks ago I was moaning about there being no OpenBanking API for personal use. Thankfully, I was wrong! As pointed out by Dave a company called Nordigen was set up to provide a free Open Banking service. It was quickly bought by GoCardless who said: We believe access to open banking data should be free. We can now offer it at scale to anyone - developers, partners and Fintechs - looking to solve customer problems. And, I'm delighted to report, it works! As a solo developer you can…
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I'm an ambivalent convert to FIRE - Financial Independence Retire Early. The basic gist is: Minimise your expenditure, Save 20x your annual expenditure, Retire early while maintaining the same lifestyle. That's it. There are a lot of crappy books about FIRE, but the concept is simple. So I try to spend a little less, and I try to save a little more, and I dream about stopping work while I'm still young enough to enjoy it. Of course, human psychology and habits are less simple. It is so…
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I set myself a resolution last year - go 12 months without using physical cash. No coins, no notes, no gold bullion, no cheques. I attempted to do all my spending on credit card, Direct Debit, and bank transfer (BACS). It worked! Mostly... Here's where it didn't work, and what I learned from it. Foreign Cash Went to Hong Kong and withdrew £100 in local currency. Was completely unnecessary. Everywhere took card / contactless. We didn't stray away from the tourist trail, which may have …
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As many of you know, I worked for Vodafone for nearly 7 years. I left shortly before the "entirely legal and justified tax avoidance" scandal came to light. I didn't know anything about the tax issues while I was working there - other than the fact I had some colleagues working in Luxembourg - otherwise (I like to think) I may have raised the matter internally. Not that the accountants would have listened to me... Since leaving Vodafone, I haven't felt able to criticise it too harshly. …
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