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By Malcolm Stacey | Saturday 19 May 2018
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Hello Share Braves. I’m so disgusted with the sort of person who’s now common and becoming more frequent in Shareland, that I’m actively pursuing other ways to glean an honest income from my pile. You only have to look at what Tom is having to put up with these days to have sympathy with my current jaundiced view of the Big City.
Where are the days when only gentleman and women could be found in the Square Mile? Where a handshake was your bond. Where politeness ruled. Where is the security and trust we used to enjoy?
We now live in a money swamp where sad souls can post vile messages on bulletin boards.
We inhabit a place where some directors can pay themselves obscene salaries while going to shareholders for more cash to prop up their doomed companies.
Yes, there are still nice people in Shareland. You meet them at the Global Group UK Investor Show. They write for this wonderful website. They put up intelligent and often warm-hearted encouragement in the ‘comments section.’
Have you noticed how the standard of comments has improved since Uncle Tom was forced to make a tiny charge for subscriptions? Perhaps that’s because fair play suggests that we should pay for what we enjoy and use to make more cash. And a thoughtful person is more respectful of ‘fair play’.
You must have noticed, though, that outside the civilised environs of this bountiful website, the world of stocks and shares has become rockier.
On top of that, my confidence in the safety of my shares has taken a big knock with the collapse of Beaufort Securities. Who among us knew that the administrators of a failed broker could legally take, for costs and fees. from clients’ ‘ring-fenced’ stocks and cash? I certainly didn’t and I’m still shocked by the realisation
So where should I put my money instead? Two options strike me.
One I will buy a flat in Cardiff as a base for a good airport, a cultural city, clean sea air and a fast route into the Smoke.
Now it’s always a scary prospect when my more erudite collages, Tom and Chris Bailey, say that buying property is currently doomed to failure. But my own feeling is that when demand is high and stocks are low you can’t really go wrong (much of the time).
My second choice is a bit more radical. I’ve been in touch with reputable art dealers. I know now’t about modern art. But they do. And they’ll steer me in the right direction. The idea is to buy a picture by an up-and-coming artist and then sell at a huge profit a few years down the line.
You can either take charge of the work, or they’ll look after it for you. Sounds good, but it will need a bit of looking into.
When I’m not in the Punter’s Return. God bless.
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