| | Saturday 7 July 2012 THAT WAS THE WEEK THAT WAS
Shares and the Simple Poet
By Malcolm Stacy
Hello Share Mates,
I said earlier that shares had not moved much since the start of the year. There have been death defying swings, but we keep ending up at the same dreary level.
Well, I've been chatting with friends who have kept a close watch on these things, and we find to our horror that really shares have not improved much during this century.
Now this is a depressing thought. It means that, if we had just bought shares in a wide range of Footsie companies in the year 2000, we would be no better off today, 12 years later.
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101 WAYS TO SAVE MONEY
By Tom Winnifrith
Every week, ShareCrazy will excerpt a part of Tom Winnfrith's book 101 ways to save money in a recession.
Number 34: Cut your heating bills at a stroke
Firstly try turning down the thermostat in your house. Move it down by one degree and I bet you that you will not notice a jot. But you will save around GBP10 a year on your bills. A couple of weeks later move it down by another degree and the savings double. What temperature do you have your domestic water heater set at? Do you really need to be scalded by hot water when you have a bath (or a shower - which is far more energy- and water-efficient?) No. Turn the water heater down to 60 degrees centigrade and you should be saving GBP15-20 a year. Meanwhile, keep the house warmer by closing the curtains as the afternoon draws to a close. And stop heat from escaping from your hot water tank by installing a jacket - it will cost you GBP10 but save you GBP15 a year. Insulating your hot water pipes will cost around GBP1 a yard but should save another GBP10-15 a year. That is a fairly rapid payback.
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BOOK OF THE WEEK  By Benjamin Graham and David Dodd
A book review by Ross Jones The majority of us will have heard of Warren Buffett, George Soros, Michael Bloomberg and Peter Lynch, but less of us will be familiar with Benjamin Graham or David Dodd. Peter Train in The Money Masters (1980) described Graham as the 'century's (and perhaps history's) most important thinker on applied portfolio investment, taking it from an art, based on impressions, inside information, flair, to a proto-science, an orderly discipline'. But who were Graham and Dodd?
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Regards,
ShareCrazy
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