Page 50 - DIY Investor Magazine | Issue 33

‘ALL I EVER WANTED WAS TO EARN AN HONEST WEEK’S PAY FOR AN HONEST DAY’S WORK!’
To be specific – JPM Natural Resources, BlackRock Natural Resources, TB Guinness Global Energy, Schroder ISF Global Energy, a couple of Investment Trusts (Hydrogen One Capital Growth and Geiger Counter), along with a company called “Yellow Cake” (for uranium).
These have all provided sensible gains over the last few months, and it would be good if this were to continue. The other areas that I am taking small steps towards are within the North American market, using the Fidelity American Special Situations fund, and the Latin American market, via Liontrust Latin America. I am also waiting for the UK market to pick up.
It is still cheap, and the FTSE 100 is doing better than many other stock market indices.
At times like this I feel a little guilty because it would suit me to have a major fall in the market similar to the 40% one in 2020, then to use the large percentage of cash I hold to enjoy the gain when the market eventually turns.
I feel guilty because I know so many investors will have been advised to do nothing and sit out the fall. They unfortunately will just have to watch their investments decline. For them, the upturn when it happens, will simply return them to where they were at the start.
That is not much fun! However, as I said at the start, only time will show which was the better route.
There is a good argument for saving money, energy and the planet by eating more vegetables and less meat. Recently I have been on the receiving end of some ear-bending from my daughter to become vegetarian. That is not going to happen because I like to eat meat! Anyway, if you give in to those sorts of demands you never know what will come next, perhaps Buddhism!
In the past I used to believe that “When one person receives without working another person must work without receiving”. This has all been turned on its head by the actions taken to survive the last two years of the pandemic.
The amount of money that has been printed and then gifted right, left and centre is simply mind-blowingly large.
I accept that there are reasons for “working from home” to try and slow the spread of Covid, but how many are now simply at home and “working the system”?
In a similar vein, how many businesses falsely claimed money for a workforce that did not exist, or did not hand back overpayments? I just hope that the solution to the country’s enormous borrowing is not simply taxing us all.
Then the lower paid will suffer most thus creating further division and unrest.
Speaking for myself, in my early days of employment all I ever wanted was to earn an honest week’s pay for an honest day’s work!! Perhaps now, unfortunately, there are many others who are thinking along the same lines.
Best wishes and good luck with your investments.
Douglas.
More information about Saltydog, or to take the two-month free trial, visit:
MAKE SURE YOU DON’T MISS AN ISSUE; CLICK HERE TO RECEIVE DIY INVESTOR MAGAZINE TO YOUR INBOX
DIY Investor Magazine · Apr 2022 50