SHAM: Bricks and mortar, beards and why oil is in Dire Straits

Added 29th January 2016

We investors all have our expensive vices, right? Let me tell you about mine.

SHAM: Bricks and mortar, beards and why oil is in Dire Straits

It’s Sunday morning, and I’m up early, trudging through the rain to the address of a shabby, former bingo hall in East London. A nod to the shady looking outcast tending the door, through dusty curtains and down a rickety staircase before a musty odour almost throws me off balance.

I look up… a sea of beards. 97% men, all ages; many baring ancient badges pinning allegiance to some forgotten 1960 dandy, or 1980s keytar-carrying torch singer.

Everyone, without exception, is looking down, whether it’s at their shoes or into crates upon crates of LPs and ‘45s, stacked up on to buckling tables.

Yes, I am a record collector. Vinyl. It’s all about artefacts from another time, another life, and our grubby mitts reach for forgotten treasures like the first archaeologists uncovering the tombs of the pharaohs.

Can I really justify spending so much on an album I already have six times over? Why, of course I can. It’s my pension, I kid myself. It’s an investment!

"Can I really justify spending so much on an album I already have six times over? Why, of course I can. It’s an investment!"

And believe me, those magic words “mono first press” or “complete with inserts” can get one very hot under the collar.

So, what has this all got to do with investment management? It’s all about supply and demand.

The mega-rare ‘butcher’ cover of The Beatles’ Yesterday and Today? It’s as precious and sought-after as gold was in the months following the financial crisis.

For the supply glut in oil markets today, well that’s more akin to a tatty copy of perennial yuppie favourite Dire Straits’ Brothers in Arms. Makes me wonder actually, how many barrels have been wasted in the manufacture of the millions of copies of that record clogging up our charity shops?

Sponsors

Plain sailing for investors

Sponsored by Praemium

Plain sailing for investors

Celebrating its first anniversary Smartfund 80% Protected does what it set out to do.

Kames Income Hub

home_research_centre

Vincent McEntegart, manager of the Kames Diversified Monthly Income Fund, explains how he aims to deliver a stable and sustainable income of 5% p.a.*, paid monthly, by investing in a range of asset classes

Square Mile Research

Lazard Emerging Markets
Lazard Emerging Markets

Talking Factsheets is a video service for users...

Visitor's Comments Add your comment

Add Your Comment

We won't publish your address

About Author

Gary Shepherd

Editor

Portfolio Adviser

Gary joined Last Word Media in 2009, becoming editor of Portfolio Adviser a year later. Previously, he worked at Incisive Media with roles across its Professional Adviser, Investment Week, Bloomberg Money and Mortgage Solutions titles. Gary has been shortlisted for various awards, winning Headline Money Investment Writer of the Year in 2010.

Profiles

Viewpoint

Investment Strategy

Feature

Tweets

Events

PA ETF Breakfast
PA ETF Breakfast

6th October 2016
The Andaz, London

PA Edinburgh
PA Edinburgh

11th October 2016
The Balmoral, Edinburgh

PA Global
PA Global

20th October 2016
The Mayfair Hotel

PA Channel Island 2016
PA Channel Island 2016

8th November 2016
The Royal Yacht, Jersey

Investment Strategy

Sponsored Content

OTHER STORIES FROM LAST WORD...