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What was in the money sections of the weekend’s papers? (01/11/2021)

Category: News

Fire savers: We’re going to retire at 40. Here’s how

The Times has a story looking at how retiring at 40 might sound impossible, but with good planning and extreme saving, these people are on track to do it.

It covers a few tactics which mostly surround minimising expenses whilst maximising income. One note of caution would be that many early retirees end up returning to work after a few years. Whilst having a plan to maximise your money is good, having one to maximise your life is essential. Otherwise, you might find you do not have anything to retire to.

Questor: rise of ‘ethical’ investing and ESG only make BP shares more attractive

The Telegraph has an opinion piece saying that the irony about “ethical” investing is that its advocates will end up making shareholders in oil companies richer. One thing this somewhat ignores is that not all investors who shun oil companies do so for ethical reasons. Some do so because they appreciate the risk of climate change impacting the operations of the companies massively. There is a question of whether this is priced in but it could make such companies a far riskier prospect long term than perhaps some might appreciate.

“How to start investing safely and profitably”

The Guardian has a piece about how to invest. One area we would point to is what is says about staying the course:

Investing can be a bumpy ride, but it generally pays to hold your nerve. You need a time frame of at least five years, ideally far longer.

If you can sit tight through market falls your investments may bounce back and go on to be worth more.

“Great years can often follow terrible ones,” says Richard Hunter, head of markets at Interactive Investor. “In 1974 the UK was beset by recession, a miners’ strike, three-day weeks and an oil crisis – the FTSE All Share tanked 55%. The following year it rose by 140%.”

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