Edge Newsletter #18 - Tough Winter Ahead?

What I’m watching

Martin Lewis's latest YouTube video breaks down the financial issues we face as a country. Everything from interest rates, the general cost of living, food costs, energy bills, etc., going into winter. No nonsense, not sugarcoated, tells it like it is. Everyone should watch this to understand the situation.

Resource of the Week

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Quote

If You're Going Through Hell, Keep Going.

Winston Churchill

Thoughts

This whole experience of evicting a nightmare tenant has not exactly inspired confidence in the legal process. A full two months after I submitted the case to my solicitors, they still have not been able to confirm whether they would be willing to take the case.

Long story short, the solicitors have been trying to find any excuse to weasel out of doing any work with multiple letters asking for obscure clarifications on various documents. (As some of you expected from solicitors who work on behalf of the insurance company).

Thankfully, during this time, the tenants have informed me that they will leave voluntarily. Probably as they weren’t keen on the prospect of going to court. Some of you have gotten in touch about tenants refusing to move for months and years. I do feel for these cases. The system is very unfair. I dread to see what it will be like when S21 gets banned.

General Outlook

Unfortunately, I don't think we've seen the worst of it when it comes to the stock markets and especially risk assets such as crypto. As per Martin Lewis’ video, this winter is looking like a tough one, which I think will squeeze the personal finances of a lot of people. Rising interest rates generally have a lag before the effects are fully felt. So I’m exercising caution with crypto and stocks. Bitcoin, for example, might seem cheap compared to the all-time high, but at over $420 billion market cap, I think the upside is limited this side of winter. I personally will be looking at an entry around November time. Of course, this is not financial advice, always do your own research, but I’ll keep you all updated here on my thought process with investments.

Any feedback, things I’ve missed or disagree with, please feel free to drop me an email. Just hit reply. I read and reply to every email.

Hans