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Liquidity, liquidity, liquidity
FatherAbraham
Posts: 1,024 Forumite
I woke up this morning to stories about the price of minced beef increasing by 50% in the case of a no-deal Brexit.
There's an excellent article by "The Undercover Economist," Tim Hartford in today's Financial Times, comparing Brexit to other "mega-projects," using Bent Flyvbjerg's six assessment criteria.
It doesn't look good.
I'm thinking that maybe the thing to start doing now is to stop my regular investing, and just start to build a fat cash pile, to ensure that my family stays safe through the first months following a bad exit in March.
I'm not talking about disinvesting assets already committed. Indeed, the pointa cash pile is to avoid having to disinvesting things which may turn out to valuable the long run.
By ceasing to invest regularly, I'll miss out on a tiny bit of growth for a few months, but will increase my resilience to economic shocks enormously.
Has anyone got anything interesting to say about this?
There's an excellent article by "The Undercover Economist," Tim Hartford in today's Financial Times, comparing Brexit to other "mega-projects," using Bent Flyvbjerg's six assessment criteria.
It doesn't look good.
I'm thinking that maybe the thing to start doing now is to stop my regular investing, and just start to build a fat cash pile, to ensure that my family stays safe through the first months following a bad exit in March.
I'm not talking about disinvesting assets already committed. Indeed, the pointa cash pile is to avoid having to disinvesting things which may turn out to valuable the long run.
By ceasing to invest regularly, I'll miss out on a tiny bit of growth for a few months, but will increase my resilience to economic shocks enormously.
Has anyone got anything interesting to say about this?
Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...
THE WAY TO WEALTH, Benjamin Franklin, 1758 AD
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Comments
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Don't panic Mr Mannering.0
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Try soya mince?0
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Im not putting any of my cash at risk until things all shake out.
Not worried though, im sure things will sort themselves out over time.0 -
Surely the government can use some of the extra 4p that was put on income tax in 2016 to open some minced beef foodbanks.0
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So in order to protect yourself against the possibility of a drop in the currency you are considering protecting yourself by buying a lot of it?
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Malthusian wrote: »Surely the government can use some of the extra 4p that was put on income tax in 2016 to open some minced beef foodbanks.
What 4p extra?0 -
If you want to be rich, live like you're poor; if you want to be poor, live like you're rich.0
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I'm long beans........."For every complicated problem, there is always a simple, wrong answer"0
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So in order to protect yourself against the possibility of a drop in the currency you are considering protecting yourself by buying a lot of it?
No.
I'm not making an investment decision.
I'm making an insurance decision.
Investment is what lets one thrive.
Insurance is what lets one survive.Thus the old Gentleman ended his Harangue. The People heard it, and approved the Doctrine, and immediately practised the Contrary, just as if it had been a common Sermon; for the Vendue opened ...THE WAY TO WEALTH, Benjamin Franklin, 1758 AD0
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