Number two began talking about bitcoin with a twinkle in his eye hoping to provoke frothing at the mouth from me. However, he was keen to invest in the stock market, so we set about finding four suitable funds.
After some discussion we settled on two Lindsell Train funds, Global Equity and UK Equity, along with Standard Life UK Smaller Companies and Fundsmith Equity. The money went in weekly over the course of a month, which proved rather fortuitous as the market fell after the first investment. What has surprised me is how engaged he has been. There is nothing quite like having money in the market for creating an interest in investing.
He has been adding his own monthly savings and checking the status of his investment almost daily via the phone app – something which provoked rather too many text messages in the first couple of weeks. Best of all, grandma is very happy that she has encouraged this grandson to start taking his money rather more seriously.
Playing politics over tuition fees
I watched the BBC’s Question Time for the first time in months having become bored with seeing politicians and left-wing ‘comedians’ trotting out the same old views.
MoneySavingExpert’s Martin Lewis turned in a masterly performance, putting politicians in their places. In particular, he castigated them for playing politics over tuition fees, warning their rhetoric is scaring youngsters from attending university.
As I have pointed out many times, these are really a graduate tax, not student fees. That is also how Mr Lewis sees it. What a shame many politicians are too dumb or stubborn to understand.
Tony Hazell writes for the Daily Mail’s Money Mail section
