Evening, Itchy.
I did not intend the rule of thumb as something to be guided by. And it ain't my own, as you know well ! It's just simplicity and of little specific use except where no pro help is at hand and large sums deposited temporarily in a current account must be put somewhere else fast out of the hands of a predator bank manager. That rule of thumb is purely defensive - a sort of kick for touch to gain breathing space to think before a proper investment plan is made. As you know well, everyone's circumstances (age, family, needs now, needs going forward, existing assets, priorities, ethical preferences, etc) differ and the investment plan must be accordingly different
On the odd time I heard Gillen giving tips on the car radio, he also gave generalised macro-observational advice like that. Never said much about analysing a company, an industry or the economies it operates in. It always seemed odd to me then that while his day-job company, Merrion, were doing things analytically - and rightly so - by studying actual consumer behaviour in relation to take-up of Magner's cider in UK for C & C, their main man was promoting investment tools that were quite superficial by comparison.
Buy the book ? This whole thread started with the book being FREE online, I thought.
€20 for a booklet of some 64 pages ? Haaaahhhhh!
I just paid €6 for an imported surplus US stock imported hardback bio of oul Joe Kennedy (Mr Short-Selling) and I'm getting fierce satisfaction from that books 800 pages + 100 odd pages of references.
Goodnight, Itchy.
I did not intend the rule of thumb as something to be guided by. And it ain't my own, as you know well ! It's just simplicity and of little specific use except where no pro help is at hand and large sums deposited temporarily in a current account must be put somewhere else fast out of the hands of a predator bank manager. That rule of thumb is purely defensive - a sort of kick for touch to gain breathing space to think before a proper investment plan is made. As you know well, everyone's circumstances (age, family, needs now, needs going forward, existing assets, priorities, ethical preferences, etc) differ and the investment plan must be accordingly different
On the odd time I heard Gillen giving tips on the car radio, he also gave generalised macro-observational advice like that. Never said much about analysing a company, an industry or the economies it operates in. It always seemed odd to me then that while his day-job company, Merrion, were doing things analytically - and rightly so - by studying actual consumer behaviour in relation to take-up of Magner's cider in UK for C & C, their main man was promoting investment tools that were quite superficial by comparison.
Buy the book ? This whole thread started with the book being FREE online, I thought.
€20 for a booklet of some 64 pages ? Haaaahhhhh!
I just paid €6 for an imported surplus US stock imported hardback bio of oul Joe Kennedy (Mr Short-Selling) and I'm getting fierce satisfaction from that books 800 pages + 100 odd pages of references.
Goodnight, Itchy.