It’s an exciting time for investors, when we have less tax, better savings and investment opportunities, and greater freedom over our pensions all being (potentially) given to us in the space of a few hours on a Wednesday afternoon. Yes, of course, I’m talking about the budget. I certainly felt pretty pleased with what George Osborne is wanting to do, should the Conservatives get elected in May’s general election. And to be honest, I can see just by looking around me that things do look genuinely better for people. I know there’s a lot of talk of foodbanks and the like, but to be honest, I have huge doubts over who is using them, what their financial situation is like, and whether what they really is a foodbank or some free lessons in how to manage their money properly. Speaking from experience, I know what it is like to live off less than £8000 p.a. in a high cost of living area. Once, I even had to sell my old guitar to buy food for the next fortnight – due to my own errors of money management. It’s not that I’m boasting about being able to survive on such a low income, or that I’m now looking down on anyone that does use a foodbank, but I do see how people live around me and what colleagues spend their money on, and yes – a lot of money is wasted on things that are nowhere near necessities.
But anyway, back to the week that was. The budget wasn’t the only major financial event we experienced over last week, as the long-awaited 7,000 point barrier was finally crossed by the FTSE100. This, of course, followed on from the optimism surrounding the budget and some relaxing in the oil markets – which sent Royal Dutch Shell (RDSB)‘s share price back up again after recent falls. Oh well, I guess I won’t be adding to our position in this month’s regular investment purchase. Now, don’t go thinking this means that shares are overvalued, just because some random number has been crossed. I think the UK market has a lot of value in it, and there are certainly a fair few stocks that I wouldn’t mind investing in right now, as I highlighted in my recent potential purchase list post.
Last, and most certainly not least – we had the UK FI/PF blogger’s meetup in Stratford-Upon-Avon. Organised by Huw, of Financially Free By 40, he ensured that we all had an interesting time in the Bard’s town, talking about shares, side income, and monkeys! We are all really grateful to him for coming up with the idea – and we’re looking forward to the next meeting, which will be in the Summer.
P.S. We also had that little thing called ‘the solar eclipse’ – and although not an explicitly investing related event, I am sure some people do look at eclipses and other very rare astronomical phenomena as a kind of omen. In the old days, it was usually seen as a bad omen, but since it occurred on the same day as the FTSE crossing the 7,000 barrier (7 being a perfect number), I think it’s probably a GOOD OMEN!
How was your week? Let me know, leave a comment below. It doesn’t even have to be about investing 😉
photo credit: freedigitalphotos.net/bplanet