This is a Guest Blog sent to me by Zoe Talent Solutions which discusses various aspects of HR management courses and skills. Also at the bottom they have provided me with an Infographic which has some useful information on it. You can get a Zoe Talent Solutions Human Resource Training Course here.
Please note I have no commercial relationship with Zoe Talent Solutions but I thought some WD Readers might be interested.
This is a Book that is literally ‘hot off the presses’ and if you fancy a copy you can find it right at the top of ‘Wheelie’s Bookshop’ at the time of publishing this Review (don’t worry, if you are reading this some time later, then the Book will still be in the Bookshop but most likely further down the page).
I met up with Mark (you can find him on the Tweets as @DangerCapital) at a recent ‘Meet-up’ I organised at Gaydon Motor Museum and it was extremely valuable for me because I was hugely impressed by Mark’s knowledge and obvious experience and it is rare I find someone who wows me this much. I have been aware of Mark for many years via Twitter but not ‘spoken’ much with him directly although it had always been obvious from his Tweets that he was fairly on the ball. I understand that Mark used to run a Blog called ‘Danger Capital’ and I have certainly read items on this a few times over the years but had not made the connection that it was Mark who was writing it.
Sliding into Drawdown
I am approaching an important and significant milestone with my Investing activities where I will need to start taking Cash out of my Main ISA Share Account in order to have dosh for my day to day spending needs. In this blog I intend to go through the implications of this and to look at best ways to manage any Drawdown so I get out the Cash I need to eat but also so that I still achieve decent Investment Returns and manage to compound gains as much as I can but obviously removing Cash reduces this beneficial effect. I am pretty sure that careful management of the Drawdown process should mean the impact on Returns is not too hefty.
I have now been ‘retired’ for pretty much 10 years (by the way, today is my second birthday – 21 years since my Bike Accident !!) and up until now I have had Cash and Investments outside of my ISA Share Accounts which I was merrily spending through but that source is drying up. I still have a big chunk of my overall Wealth in a Prudential With-Profits Bond but I see this as a bit of a ‘rainy day’ kind of thing and in a way it is for ‘emergencies’ such as if we are in a horrible Bear Market when I can’t see obvious ways to get Cash out of my Share Accounts. Fortunately over those 10 years my Main ISA has grown a lot.
THIS IS NOT A TIP OR RECOMMENDATION. I AM NOT A TIPSTER. PLEASE DO YOUR OWN RESEARCH. PLEASE READ THE DISCLAIMER ON THE HOME PAGE OF MY WEBSITE. IF YOU COPY MY TRADES, YOU WILL PROBABLY LOSE MONEY. I HAVE A LARGE PORTFOLIO AND I USE DIVERSIFICATION TO SPREAD RISK ALONG WITH TRICKS LIKE HEDGING AND OCCASIONALLY BY THE USE OF STOPLOSSES - IF YOU BUY ANY STOCK YOU REALLY SHOULD FOCUS ON HOW IT FITS IN WITH THE REST OF YOUR PORTFOLIO AND KEEP RISK MANAGEMENT AT THE FOREFRONT OF EVERYTHING YOU DO. BE AWARE THAT ALL INVESTORS/TRADERS GET THINGS WRONG AND MANY STOCK SELECTIONS WILL WORK OUT BADLY.
Often when I write a ‘Buy Rationale’ Blog about a particular Stock it is as part of the thorough research I need to do before buying a Stock and I find it helps me hugely in forcing me to follow a highly structured and robotic approach. However, in the case of Live Company Group LVCG which I bought recently, I have been reading about and following progress on this Company for a very long time and because it is very much an early-stage business, the amount of research that can sensibly be done is probably a lot less than for a well-established business anyway.
Besides that I am very busy with other stuff at the moment and do not want to spend hours on writing this Blog so I will just focus on the key things that have made me buy into LVCG and what the key Risks are that I think any Investor in LVCG must weigh-up. I will also cover the Valuation case in some detail as I think it is very good value with a lot of potential for upgrades to the forecasts.
This was quite an ‘enjoyable’ read and I found it fairly easy going although there are a few bits which are not particularly pleasant. From what I can tell, Phyllis Whitsell wrote a previous Book related to this one which was called ‘Finding Tipperary Mary’ and both are about her ‘real’ Mother (i.e. the lady who gave birth to her) who had to give her up for adoption.
I have not read her first Book but it seems to be the story about how Phyllis tracked down her birth Mother only to discover that she was a renowned drunken bag-lady in Liverpool and then Birmingham I think and there was also the twist that Phyllis actually met her 9 years earlier when working as a Nurse in A&E and ‘Tipperary Mary’ came in after getting damaged in a drunken pub brawl. Sadly the Author never told her Mother that she was her daughter but she did care personally for her for many years before she died and seems to be content that she did that much for her. The reasoning was that she did not want to subject her own children to meeting their true Grandmother because it would have been quite a shock and have opened up lots of further complications. I can see her reasons but I definitely felt sad at the end of the book that she had not told her Mother who she was.
There was a discussion recently on Twitter about PCF Group and my mate Paul Hawkins mentioned that he had some notes on PCF and kindly he agreed to whizz them over to me so that Readers could share his findings and thoughts. A big THANK YOU to Paul for sharing this stuff and saving me a lot of time creating a Blog at a time when I am quite busy. It’s much appreciated.
Paul is a very knowledgeable and successful Investor and you can follow him on Twitter where he puts out a lot of useful stuff. His handle is @Hawkeye_74
I am breaking all the well established ‘Rules’ of Blog scribbling with this one as I am going ahead without a plan and half watching the Lionesses in the Semi-Final against the USA which is very distracting (I am sure if I was watching the Men’s game I would be able to focus almost 100% on the Blog because it would be extremely dull as Men’s Footie often is).
I got the idea for this Blog from a fairly new chap to the Markets who strikes me as very much in the early stages of trying to figure out what the hell is going on (don’t worry, you will always feel like that, even after 20+ years with the Markets forever throwing up new tricks and challenges) and getting drowned in the sheer Wall of Noise that just bombards us. It is by no means a Blog subject I have not written about before and I intend to include Links at the bottom to several related Blogs on the subject which should help understanding (oh boll*x, the US have just scored a second goal……).
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