The Anonymous Widower

Zopa And COVID-19

As regular readers of this blog will know, I invest my spare savings in the peer-to-peer lender Zopa.

I have a feeling, from my experience of reading the statistics of my lending on the site, that money is slow to be lent out!

But there are people out there, even in these insecure times, who have a guaranteed cash-flow and a good credit rating.

And some of these may need a loan to perhaps replace a car, that has expired and they need to get to their essential job or to furnish a spare room as a home office or schoolroom.

If I needed a sensible loan, which I don’t, I’d check out Zopa.

April 3, 2020 Posted by | Finance, Health | , | Leave a comment

UK To Raise Contactless Card Payment Limit To 45 pounds In April

The title of this post is the same as that of this report on Reuters.

This is the introductory paragraph.

Britain will raise the spending limit for contactless card payments to 45 pounds ($52) from 30 pounds on April 1 to support consumers during the coronavirus outbreak, the UK Finance industry association said on Tuesday.

I think this is a good thing.

When I go to Marks and Spencer to get my food, I have found that for the goods I buy, their average cost is two pounds. It is annoying the number of times I buy sixteen or seventeen items and I am just over the thirty pound limit.

So from April the first, I will be using chip-and-pin less often.

Surely, you’re more likely to pick up COVID-19 with chip-and-pin!

March 24, 2020 Posted by | Finance, Health | , , | 4 Comments

Is The COVID-19 Having An Affect On Lending At Zopa?

I lend money on Zopa and at the moment no-one seems to be borrowing any money.

I put some of my pension in my lending pot into the peer-to-peer lender each month and it’s still there sitting safely in the queue for a borrower.

Perhaps everybody is being cautious because of the COVID-19 alert

March 7, 2020 Posted by | Finance, Health | , | Leave a comment

I’ve Gone Cashless

I have now setup my bank account, so that I can make small payments using from my phone, using the contactless facility.

These are a few short observations.

  • The thirty pound limit may be a little too low.
  • You can’t be cashless on the Blackpool tramway. I was allowed to go free!
  • Some small shops still won’t accept them or apply a minimum spend. Obviously, they don’t want my business and didn’t get it.
  • I never have any change for beggars. I follow TfL’s advice and give to the Whitechapel Mission, who look after the genuine homeless.
  • Some estabishments have gone cashless only!

The only time I use cash, is for tips in restaurants and paying black cabs.

February 8, 2020 Posted by | Finance, World | , , | 5 Comments

Was Gordon Brown Partially Responsible For Labour’s Defeat In The 2019 General Election?

When automatic enrolment into pensions came in, I was very much in favour, as I feel everybody should have a pension.

There is a section called Automatic Enrolment in the Wikipedia entry called Pensions in the United Kingdom.

If you read the section, this is the last paragraph.

Between the introduction of auto enrolment and April 2016, “the overall proportion of eligible employees saving into a workplace pension increased from 55% to 78%” with the largest increases found in the private sector.

Consider.

  • When I started work in the 1960s, the average man and the few women on the factory floor weren’t very well educated. But now, they are much more likely to have a few good qualifications.
  • Most too will be computer-savvy to a level, that would have been unimaginable to their forerunners in the 1960s.
  • Newpapers too, from the Sun and the Mirror to the Times, \guardian, Telegraph and FT, now offer easy-to-read financial advice to help everyone manage their money better.

Many working people today have a pension, that although some didn’t want it, they probably feel could be a help in retirement.

So did Labour’s reckless or ambitious spending plans, frighten many of their traditional supporters?

They certainly frightened me!

Would the election result have been different, if Gordon Brown  hadn’t started the modern pension with the Pensions Act of 2008 and had left well enough alone?

As my quote said earlier in 2016, just over three-quarters of eligible employees are saving into a workplace pension.

Some may have been subscribing for over ten years now and they will feel protective of that amount pf money!

December 22, 2019 Posted by | Finance | , , , | 2 Comments

Call For Bank of England Executive To Quit Over Security Breach

The title of this post, is the same as that of this article on the BBC.

A former member of the Bank of England has called for the resignation of its chief operating officer after it emerged an audio feed of sensitive information had been leaked to traders.his is the introductory paragraph.

In any form of speculation or betting, information is key and I would suspect, that some have made a lot of money, with this information.

Betting, is full of stories, where information has been used to advantage.

In one, well-known punters, had access to the team sheet of a famous football club before the players.

So I’m not surprised at the shenanigans at the Bank of England.

December 20, 2019 Posted by | Finance, Sport, World | , , | Leave a comment

BlackRock Renewables Fund Hits USD 1bn In 1st Close

The title of this post, is the same as that of this article on Renewables Now.

Wikipedia says this about BlackRock.

BlackRock is one of the world’s largest asset managers with $6.84 trillion in assets under management as of August 2019.

The company has been very successful over the years and although there have been controversies about their investments in fossil fuels, their move into renewables and energy storage must be significant.

If you are managing money for organisations like pension funds and insurance companies, you must be prudent, as otherwise little pensioners and the insured won’t get paid.

December 5, 2019 Posted by | Finance | , , | Leave a comment

Will Business Trust Ultra-Marxist Labour?

This is a paragraph from an article in today’s copy of the Times, which is entitled Labour’s Big Call Has BT Hanging By A Wire.

Only two weeks ago Mr Jansen, 52, had dismissed the threat of Labour nationalisation, saying that BT was “not on the list” and taking comfort from comments from John McDonnell over the summer and made personally. Labour’s shadow chancellor had said in an interview in July that there were “no tricks up my sleeve” and that the “limit of our ambition” was taking the power networks, Royal Mail, rail and water companies into state ownership.

It appears John MacDonnell has either changed his mind, or was doing something rather devious.

Will business at any level from the smallest corner shop to the largest FTSE 500 company ever trust what this ultra-Marxist Labour party says?

November 16, 2019 Posted by | Business, Computing, Finance, World | , , , , , | 6 Comments

Hydrogen Fuel Cell Company Shares Take Off After 4 Decades Of Declines

The title of this post is the same as that of this article on Hydrogen Fuel News.

Ballard Power Systems, is the company referred to in the article.

This London bus has a hydrogen fuel cell from Ballard.

November 9, 2019 Posted by | Finance, Transport | , | 1 Comment

How To Return A Wallet Or Purse

There’s an interesting little tale in The Times today, which is entitled Penny Trail Leads To Missing Wallet.

A guy fpund a wallet. In it were some valuable cards, so the finder sent a penny to the account on the debit card he found.

He did this four times in total and used the reference field to say he’d got the wallet and give his mobile number.

The owner got in contact and all was sorted out.

October 16, 2019 Posted by | Finance, News | | Leave a comment