The Anonymous Widower

A Reason To Be Cheerful

I have a good reason to be cheerful.

When my wife died in 2007, I had the problem of what to do, with the money from the sale of her Porsche.

Peer-to-peer lending was just starting, so as a trained control engineer and mathematical modeller, I gave them a good check out!

I then put the money into an automatic peer-to-peer lender, where you deposit the money, forget it and the computer lends it out. Some of my family and friends, including my accountant were horrified.

Then came 2008 and the banking crisis. Like a Flower-Class corvette in the teeth of an Atlantic gale, it bounced safely through the crisis.

Since, then it has earned more than the stock market and grown.

And it repeated a similar safe passage through the Covid-19 crisis.

It does seem that there are always people with a good credit ratings that want to borrow money.

How much of the money borrowed in 2020 was for home improvements to cater for a home office or home schooling?

Conclusion

I blame my mother! I got my skill with and feel for numbers, from her genes and the tutoring she gave me,

She had won a scholarship to Dame Alice Owen’s School, but was unable to go to University, due to lack of funds, so she became a comptometer operator in the Account’s Department at Reeves, who used to make artist’s materials and were based just round the corner from where I now live.

That was probably, the only sort of job a mathematically bright young lady could do in the 1920s.

January 3, 2021 - Posted by AnonW | Finance | COVID-19, Mathematics, My Mother, Peer-to-Peer Lending