Like many people, my partner and I hop on a train to go to work. Sadly, that train is ThamesLink, which is run by Govia ThamesLink Railway (GTR). The service is not cheap. A monthly pass from Croydon to London terminals will set you back £169.40. If you commute from Gatwick, it will cost you […]
How to make a lot of money during the next recession
The S&P 500 recently hit fresh highs, which also coincided with the longest bull run ever. The S&P 500 is an American stock market index based on the market capitalization of the 500 largest companies having stock listed on the New York Stock Exchange or the Nasdaq. The index is a useful snapshot of the […]
How to build a financial safety net in five concrete steps
I often read the same question: how should I save? Where should I invest? Should I quit my job and launch this super cool business? All of those are valid questions but they often lack context. The advice will not be the same whether you have saved £10,000 or £100,000. The advice might also be […]
Pension contributions in the United Kingdom: a crash course
The United Kingdom posted the biggest July government surplus in 18 years, according to figures published by the Office for National Statistics. Given the withdrawal of tax incentives for buy-to-let investors and significant income taxes, it is no wonder that the government’s coffers are in better shape. Yet, don’t bet on any significant tax breaks […]
Tesla, Elon Musk and the SEC: an update
More information has now emerged on Mr. Musk’s tweet since our last post. After reviewing Regulation FD and Rule 10b-5, we had concluded that Mr. Musk’s should be fine as long as the funding was truly secured, meaning that there was a signed (i.e. irrevocable) financing commitment to back the statement “funding secured”. While […]
Did Elon Musk breach U.S. Securities Laws?
Did Elon Musk breach Regulation FD or Rule 10b-5 by tweeting that he was “considering” taking Tesla private during market hours? Mr. Musk stunned the markets and caused a 10% surge in Tesla’s stock price (and a trading halt) when he announced that he was considering taking Tesla private, meaning delisting Tesla from the Nasdaq […]