Wednesday 11 December 2013

Yorkshire Luck? Or Macbeth's Ghosts?

It's illogical perhaps, but I do think of myself as quite lucky. I find money on the street and bargains in the supermarket (yesterday:12 yellow roses for 49p). My DIY Income Investor portfolio isn't doing too badly either.

However, a more rational explanation is that certain behaviours might make you more 'lucky'. A sound bit of biblical advice (Matthew 7:7) is: "Ask, and it will be given to you; seek, and you will find; knock, and it will be opened to you". Conversely, do none of the above and moan about how 'unlucky' you are.

Well, I've benefited from another bit of luck - but I'm not so sure I'm going to be much better off.

As many experienced observers have noted before, the twists and turns of the stock market are for the most part unpredictable. This means that success (i.e. making money) - at least in the short term - is a lot down to luck.

It all started in the middle of October this year (2013) when I was casting around, looking for a new fixed-income investment. After much searching, the best I could come up with was

I am not a financial adviser and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.


  1. So are you taking it up or not?

  2. If you can find another opportunity to generate a similar rate of return as the original Yorkshire Building Society , then you have been lucky (getting similar percentage return on 12% higher capital value. If the only options are at a much lower rate, then probably not.