Author Archives: The Escape Artist

The 3 Flavours of Investment Risk

This post was first published in September 2019 and updated in December 2020. Most people think that investing in the stockmarket is dangerous. This is not really true. Catching Ebola is dangerous. Juggling chainsaws is dangerous. The stockmarket just contains some risks that you need to know about. And if you buy and hold a […]

Lessons from The Great Crypto Crash of May 2021

Last week I wrote about crypto and said it was in a bubble: Yes, this is a bubble. Yes, lots of punters will get rekt (as the lingo goes). Traders gonna trade and it’s not my job or your job to save them. The Escape Artist And then, just days later, crypto markets crashed. It […]

The Ten Commandments of Index Investing

Much of life is too complicated to be boiled down to just a few simple rules to follow. But it is possible to make investing clearer and simpler than the media and financial services industry have. So listen up heathens…here are the 10 commandments of simple low-cost equity investing. 1. Know thy purpose Money is […]

Not wanting something is as good as having it

I’ve said before that there are two ways to improve your happiness. You can either get more or you can want less. Either way works. I’m not sure it matters which way is “best”. What I’m sure about is that wanting less is a whole lot cheaper than getting more. Consider the boundary case of […]

It’s Good to Talk

It’s good to talk… …so why do people often steer clear of talking about money…even though it has such an important role in our lives? Well, personal finance is…personal. You can’t have a proper conversation about money without touching on values: people’s deeply held beliefs and priorities. Everyone is different and we all have different […]

What doesn’t kill you makes you stronger

There’s nothing like an early taste of poverty for instilling a lifelong appreciation of money and financial freedom. My parents stretched themselves with a big mortgage to get up the housing ladder in 1981, just before interest rates went to 17%. Ouch! As a result, holidays and newspapers got cancelled and belts had to be […]

Price is what you pay, value is what you get

Imagine that Bill and Ted have gone trekking in a remote corner of the Death Valley National Park in the USA. They’ve been camping and were carrying all their own food, tents and equipment. Unfortunately some coyotes stole all their stuff a couple of days ago, since when they’ve been walking back towards their car. […]

First things first : get out of debt

Here’s a question I saw online in a financial discussion forum:   “I would like to ask some advice from you. I have recently came into a small windfall of money to the sum of £3K and wondered what best to do with it. Not a lot I know, but for my salary its quite a […]

Get rich…in Monk Mode

Now is the perfect time to experience what I call Monk Mode. In Monk Mode you work, you think and you rest. Then you repeat. In Monk Mode you spend NO MONEY other than needed for food and utilities. Millions of people are currently discovering some version of Monk Mode for the first time. For […]

No News is Good News

I think of The News as like the announcements made over The Tannoy System in The Prison Camp. It’s a loud stream of misinformation, propaganda and general bullshit. I started avoiding The News as a deliberate part of my approach to investing. The aim was to reduce market noise, predictions and prophets of doom. Avoiding The News […]