AJ Bell Stock (LON:AJB) – Front Running An IPO

Last week, I applied  for shares in AJ Bell PLC at the Initial Public Offering (IPO). Normally I am averse to IPO’s. Empirical evidence has shown that IPO’s tend to underperform . Insiders who have more knowledge of the firm usually sell out at the top and this is why IPOs in many instances tend to underperform.  But with AJ Bell, I did not have the usual concerns that come with an IPO issue.  This is because the founder Andy Bell decided to keep his stock. Furthermore the IPO was only available to customers of AJ Bell that had an account as of 18 October 2018. And only 26.6% of […]


buildyourstax.com – Free Online Stock Market Simulation Game

I recently came across the website buildyourstax.com which provides a free online stock market simulation game. According to NGPF (the makers of the game), Stax is meant to teach students how to invest using an engaging, fast-paced game in which students will make 20 years of investment decisions in….20 minutes. Players can choose among stocks, bonds and index funds while also learning about the importance of having an emergency fund as “life happens” to them in this simulation. The game takes data from a real 20 year period this is really cool – it let’s you know which 20 year period after the game is finished. This allows you to see […]


Smithson Investment Trust Portfolio Breakdown – Terry Smith Holdings

The most anticipated investment trust launch of 2018 finally happened in the month of October. Investors will be hoping the trust will produce similar stellar returns to that of the main Fundsmith fund (holdings here). Even though Terry Smith won’t be the manager of the fund, the ethos of the Smithoson trust will be similar to the flagship Fundsmith Fund – Buy Quality Companies, Don’t Overpay and Do Nothing. What Individual Stocks are held in the Smithson PLC Portfolio? Smithson, like most investment trusts, only gives its top 10 holdings at any one time. As the trust is new, we currently don’t know the full 29 holdings in the portfolio. […]


November Stock Purchase – Drawdowns and Mental Strength

November was not a month for the faint-hearted. Stock markets across the world fell due to macroeconomic tensions. Growth stocks in particular were severely hit. The leaders of the current bull market – Apple, Amazon, Alphabet (which I bought), Facebook and Netflix – were all down close to 20%. And when these stocks get hit, all other stocks feel the force as these stocks have the highest weighting on the most important index of them all – the S&P500. All this is to say the chances are high that your portfolio performed negative over the months of October and November. This is nothing to be too concerned about. Having drawdowns […]


Four Years of MoneyGrower


November 2018 is a special month. It has been four years since I started the Moneygrower site. I wanted to thank all of you who follow my humble site. I didn’t really expect that I will still be going strong for 4 years in a row. I also never expected that this site will become so popular, with 12,000 – 15,000 monthly views. I also get countless thoughtful emails for which I am grateful for. When I started the site, I had no real knowledge of personal finance. Yes I did a masters in finance degree and worked in both a bank and an accountancy firm. One might think that […]


The Benefits of Financial Freedom (FIRE)

The Financial Freedom Retire Early (FIRE) movement seems to be slowly creeping into mainstream media. Just yesterday, there was an article in the Guardian regarding this. Whilst FIRE getting more mainstream attention is good, I don’t think the world is ready for this movement just as yet. To see what I mean, just go and have a look at the comments section of the Guardian article I mentioned earlier. It looks like the majority of readers simply can’t comprehend the idea of financial freedom. Most of the comments are negative. People want an easy fix to their problems and attaining financial freedom is hard work as you need to save […]


You Shouldn’t Care About The Short-Term Oil Price.

“The oil price is falling, should I sell my BP stocks.” This was a question I received via email from a reader of the site. The reader further went to ask “ Where do you think the oil price is headed? I fear that it is going lower and I should sell my BP shares.” My simple answer to this is simple, I don’t care what is happening to the oil price at the moment – even though the price of crude has dropped by about 20%. It might shock you to learn that I am not an avid follower of the oil market even though close to 15% of […]


Nichols PLC (NICL) Stock Purchase – Another Beverage Sector Stock

The AIM – Alternative Investment Market – is littered with a lot of bad businesses. Case in point my investment in Accrol. This is due to the rules and regulations being less stringent on the AIM than on the main market thus allowing directors and other insiders to get up to financial mischief. But that doesn’t mean all AIM shares are bad. In fact, there are some really high quality names on the AIM. Fevrtree, Accesso Technologies, Burford Financial and RWS are just a few. Another such company is Nichols Plc. Nichols Plc is the company that owns the Vimto, Sunkist and Feel Good drinks brands. The company is in […]


Warren Buffet Net Worth By Age

Warren Buffet is the most studied investor on the planet. And for good reason too. He is the most successful investor to ever live. There are countless books and articles written about him. One particular article I came across recently from MarketWatch was fascinated me. It contained information on the wealth of Warren Buffet at different ages. Without further ado, here is Warren Buffet’s net worth at different ages Age 14 : $5,000 Age 15 : $6,000 Age 19 : $10,000 Age 21 : $20,000 Age 26 : $140,000 Age 30 : $1,000,000 Age 32 : $1,400,000 Age 33 : $2,400,000 Age 34 : $3,400,000 Age 35 : $7,000,000 Age […]


October Stock Purchase – BAT SGE FEET NG VOD REL

It seems panic is beginning to set in the market. Stock prices are falling across the board with investors fleeing out of stocks and back into ‘safe assets’ such as gold and cash. The technology stocks have been hardest hit due to their elevated valuations. Earnings have been strong so far this year suggesting that the recent stock market correction seems at first glance to be a compression in valuation levels as opposed to anything nastier. Whilst many people would be frightened and panicked by the recent stock market sell-off, I have argued on this site numerous times that falling stock market prices are a good thing. This is especially […]