December Stock Market Purchase – Inverted Yield Curve and Panic

December has been all about the yield curve. The yield curve is a curve on a graph in which the yield of fixed-interest securities is plotted against the length of time they have to run to maturity. A yield curve is almost always upward sloping, a sign that the economy is functioning properly. In short, you would expect interest rates to be higher the greater the length of time of a security. A 10 year bond should have higher interest rates than a 1 year bond in order to tempt buyers to buy longer dated bonds. The yield curve inverts when long-term debt instruments have a lower yield than short-term debt instruments […]


What I Learnt In 2018

2018 was an extraordinary. It was intense for a variety of reasons. Perhaps the most significant of which is that I believe it’s the year that our attention reached full saturation causing every smallish piece of news to feel like it’s both world-ending and totally-not-a-big-deal-and-maybe-not-even-true, all at the same time. We now live in a post-truth alternative facts world. Here a few things I read and learnt in 2018 which you might have missed. Time – Time goes faster as we get older because we have fewer firsts. Time appeared slower when we are younger because we were experiencing more first time events. First occasions are novel events and we […]


Donald and Mildred Othmer – Stock Market Millionaires Club

Donald and Mildred Othmer were a couple like any other from Omaha. Except they had a secret. They both knew Warren Buffet when he was starting out and had the foresight to invest their money into his partnership. The rest as they say is history


Updating My Dividend Spreadsheet – Reaching £3000 Annual Passive Income

This week, I finally had a chance to update my spreadsheet with the new dividend figures from companies that have announced raises from about April onwards. Every-time I entered the new dividend of a portfolio company, it put a smile to my face. At the end, when the total was tallied up, I was pleasantly surprised. This – together with Mourinho leaving my beloved club – has felt like Christmas has come early. The total increases in dividends my portfolio companies have given me amounts to £104! That is £104 for doing absolutely nothing. That is £104 of free money. It is purely passive. £104 is basically like investing another […]


Smartpolak interviews MG

About a year ago, a reader of the site (Pawel) got in touch with me via the contact form on the site. He had just come across the concept of Financial Independence and was intrigued by the concept. Pawel was in touch to say how much he enjoyed this site and had a few specific questions to ask. Ever since them, Pawel and I have been in regular contact with each other. So when he asked me for an interview for his sites smartpolak and smart roman I was only too happy to oblige. Please find the interview below. Enjoy. Let’s start with general question about Money Grower blog. When […]


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 […]