January has come and gone and my Lemon tree plants are sprouting new leaves on the windowsill of my office. What else? I’ve also just spent my yearly holiday allowance on a trip to Londinium this Autumn. Mrs S and I want to see all the non-events that will characterise the UK leaving the EU.
Otherwise life at Chez Sticker is plagued by glitches. A whole shedload of the wretched things. Nothing insuperable, just minor bits of grit in life’s ointment. Banks that won’t do what they’re told. Stuff which should happen in forty eight hours takes a week to ten days to set up. Which is a bit tricky when you’re under the gun and on a tight deadline. I’m having to postpone investments because of them. Which is a pain. I was hoping to get a tranche of cash moved to invest before the stock market rose too high. The Canadian tax man (Nice chaps – when you have good accountants) you see has given me a more generous allowance for investments for last year and this and I want to take advantage of the loophole before March 1st when the opportunity disappears. Then there’s the extra payments to HMRC to ensure my UK pension is nicely topped up.
One minor irritation is having to postpone closing an offshore account because of a policy rule change. A complication because the money sent to HMRC from that account has to clear before I can do the necessary. This is mildly annoying. Of course any differential will only be pennies, but nurtured carefully how those pennies mount up.
Turns out I have a knack for shifting money around. Who knew? All those years working my arse off for a living when I should have followed my true calling in international finance. Although my calculus is sometimes questionable, I can usually convert between currencies in my head pretty well and I’m making a more than modest amount each year off my stocks and shares. Better than all the pension funds and other investment vehicles I’ve put money into over the years. Nothing spectacular, just solid, steady tax-sheltered growth over the medium to long term. All nice and legal. Even if it is hard work from time to time. I could retire tomorrow but I’m not going to. Deferring payment means a better hedge against inflation and besides, I’d only get bored.
On the BREXIT front The Financial Times is still very Remoaner and becoming rather irritating to the point where I may well be cancelling my subscription. I want news, information, not opinion dressed up as so-called ‘facts’ to support a pro-EU aganda. My increasing infuriation is driven by the imperative that in investment, good and timely information is everything. Without that information the news media has no real facility.
So what’s going on out in Interwebland? Lots of interesting stuff. As my last remaining reader is probably aware, there’s been a lot of screaming and yelling over ‘Fake news’ over the last three years. Then, more recently there’s been a lot of tearing of hair and sackcloth and ashes over ‘journalists’ being fired from various left of centre media outlets. Now these two phenomena might seem unconnected, but what might have slipped under the radar is the cessation of funding to counter ‘foreign propaganda’ begun during the Obama administration under the Portman-Murphy sponsored ‘Countering Foreign Propaganda and Disinformation Act’. Like with Trudeau’s extra funding for CBC and other like minded media outlets introduced in 2018. All the money under the respective legislation has been strongly suspected of going to media outlets that toe a specific party line. Or in the case of the USA, did go.
Listen to a more well-informed commentator’s view below explaining the ‘Learn to code‘ meme doing the rounds, where alphabet soup commentators have been paid very well while spreading misinformation to support their ’cause’. All the time insinuating that right of centre and centrist Youtubers and bloggers are little better than pro-Russian propaganda ‘bots. Let me explain; for years, said journo’s have slyly mocked ordinary working people who lost their jobs. Now the boot is on the other foot.
Mass media redundancies? Couldn’t happen to nicer people.
Only a couple more months to Spring. I have the feeling April 1st is going to be really interesting this year. At least for all the prophets of doom.
Update: Speaking of doom, is it finally ‘game over’ for the Maduro regime in Venezuela? If so, what will replace it? All rather academic as the answers to those questions are for the Venezuelan people and no-one else.