God and religion have featured much in my recent musings but unfortunately,
mammon cannot be excluded from human lives, especially
those of pensioners, where all too often, poverty and unhappiness
follow after a lifetime of toil.
For self employed people in the UK, providing for pensions in old age
is harder than for many. One has to use self employed income
for everyday living but then twice a year, to dig deep to pay what
seems like a huge % of money, that has not even been received from
clients/customers yet, to the government for its over sized tax spending.
This leaves little left over for investing for old age. Unfortunately
to make a little money into a large sum, often entails investing risks.
Pevious generations used to advise private individuals to diversify their investments
as regards shares anyway, over a large wide spread.
This advice may still hold good but I'm currently wondering if thoroughly researching
into a companywhose services etc meet my personal ethical criteria yet are appreciated/needed by society and whose finances and management seem good; then putting a good % of the available savings into that,
is more likely to propel my savings to the multi% gain level needed for old age
than the traditional wide but thin investment spread?
This like any other "all eggs in one basket" aspect of life, creates some obvious
difficulties. Less obvious are those illustrated by my letter this week to the
editor of a personal investment magazine, about a company called
ZYZYGY which is listed on the London Stock Exchange AIM section (epic: ZYZ).
The letter read:
"Zyzygy is an AIM listed microcap investment company.
Its December 2006 results showed profits
more than doubled to £1,058,000 and a maiden dividend paid.
A significant Zyzygy investee is Nicetech ltd, about which the December results
stated: "NiceTech have now secured their first major contract with an internationally
renowned media corporation, as well as having produced their
first on-linecomputer game which will soon be available for sale to the public."
No mention in any investing media, not even ...Magazine, of these great results
and with flotations of Nicetech and another Zyzygy investee Marinetrack (ship
security and tracking company) expected in the first half you (or I anyway)
would have expected the shareprice to go up. Instead it has fallen, to
0.39p to buy. I've been adding at this price. Profitable dividend paying
companies listed on AIM ,are quite uncommon these days so why
are Zyzygy's results not considered at all newsworthy for investors?"
The problem that I did not forsee is that in the world of shares,
sometimes what is fashionable and in the public eye seems to
make for a better investment than an almost unknown company
the shares of which languish at the foot of the alphabetical lists.
Still, patience is another investing virtue so maybe in times ahead,
I'll have some 'reaping reward to those who wait' type news to
No investment advice intended and anyone interested in shares
investing should always do and rely upon their own research.