We could always buy Premium Bonds with some cash . Risk free and the chance of
a Prize .
PC
-----Original Message-----
From: David Hutchison <davidhutch321@xxxxxxxxx>
To: wvic@xxxxxxxxxxxxx
Sent: Tue, 14 Jul 2020 14:36
Subject: [wvic] Re: WVIC Minutes
Many thanks Neil. Well you learn something every day! I had never really
thought of Gold as a Commodity. Sure it goes up & down like all the others but
at a rather more sedate pace.
Time will probably prevent us evaluating Risk at our next meeting, but it
sounds a worthwhile exercise in the light of current circumstances.
I had been wondering about Utilities since the demise of Comrade Corbyn.
Perhaps they might provide a safe haven for us until the clouds clear? Anyone
fancy a little research?
Best wishes
David
Sent from my iPhone
On 14 Jul 2020, at 12:02, NEIL COSBURN (Redacted sender "neil.cosburn" for
DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote:
#yiv7228571277 p{margin:0;}David
Many thanks for your very prompt and accurate minutes.
Just to clarify - my comment that Gold is a "High Risk" investment doesn't
necessarily mean that I think its about to fall. The spectrum of risk in
investments is related to its perceived potential for volatile price movements
(up or down).
The classic definition of investment risk might be as follows (from lowest risk
to highest):
Government issued Index Linked (Inflation proof) BondsGovernment short term
fixed rate bonds
Government long term fixed rate bonds AAA Corporate fixed rate bondsUtility
Company sharesLarge Corporate sharesSmall Corporate sharesTech shares
Emerging Market sharesCommodities (including gold)Cryptocurrencies
Other investments (e.g. Property, Foreign Bonds, Wine, etc.) would fall
somewhere on this spectrum, and within this list there is considerable
variability, for example in Commodities, Coffee tends to be more volatile than
Copper.
This isn't always constant and from time to time "low risk" investments can
exhibit greater volatility than "high risk" investments but on average these
relationships seem to hold.
Also an individual's perception of their relative riskiness may vary depending
on their own world view, I dare say John may view Cryptocurrencies as less
risky than some others - though he probably thinks that the potential for
volatile movements upwards are greater than many other investments so it would
still be defined as "higher risk".
Best regards
Neil
------ Original Message ------
From: "David Hutchison" <davidhutch321@xxxxxxxxx>
To: "wvic@xxxxxxxxxxxxx" <wvic@xxxxxxxxxxxxx>
Sent: Tuesday, 14 Jul, 20 At 10:03
Subject: [wvic] WVIC Minutes
Dear everyone,
Another stimulating but exhausting meeting as we steamed through the AGM,
missed several items off the Agenda but had a doom-laden Global Discussion
which wasn’t on the Agenda!
If our gloomy predictions for trade with China & the EU are to be taken
seriously we don’t want to be still holding £6000 in cash at the end of this
year. According to its Raconteur, even Gold is now High Risk!! So to manage our
portfolio wisely the decisions we make in the coming meetings will be crucial
and I look forward to the debate…..
I enclose the Minutes to assist your thoughtful deliberations…….
With best wishes
David
