When is the right time to sell an investment? That’s our main topic this week, inspired by a listener question.
There’s also a roundup of the latest personal finance news – everything you need to know about what’s going on in the world of money in five news items.
I share my favourite money article this week, a random fact about money and an inspirational quote.
There’s also the aftershow, where I talk about what’s been going on at Informed Choice this week.
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Personal finance news update
-Pet insurers paid out a record £706 million in pet insurance claims last year, the equivalent of £1.8 million a day.
-The number of self-employed workers in the UK has risen from 3.8 million to nearly 4.7 million in the past decade.
-The Financial Conduct Authority is planning to investigate the car finance market.
-Men have almost three times the pension savings of women, according to new research.
-Earlier this week was UK ‘Mortgage Freedom’ Day, when new borrowers will have earned enough to pay off the annual cost of their mortgage.
Money article of the week
–Plus Ça Change… by Nick Lincoln
Random fact of the week
My random fact this week comes courtesy of Kate Raworth in her new book Doughnut Economics, which is my current bedtime reading.
Kate writes, “When Adam Smith published The Wealth of Nations in 1776, there were fewer than one billion people alive and, in dollar terms, the size of the global economy was 300 times smaller than it is today.”
Inspirational quote
For our inspirational quote this week, I’m turning to Irish statesman Edmund Burke, who said:
“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.”
Get answers to your personal finance questions
Do you have a personal finance or investing question for Martin?
Email martin@icfp.co.uk or ask on Twitter @martinbamford.
You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.
Aftershow links
–Devizes to Westminster International Canoe Race
–Job vacancies at Informed Choice
–Doughnut Economics by Kate Raworth
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