21st century investments

The power is in your hands.

The wide investment choice and flexibility of the Vantage SIPP allows for some unusual and interesting investments.

 

Ben Yearsley reveals the investments he thinks will prosper in the 21st century.

Ben Yearsley – Investment Manager

 

`Past performance is no guide to the future’ is a phrase often used in the investment in­dustry. The reason I mention this is that some of the investments below are most definitely for the future. Before launching into my 21st century investment ideas, it is worth consid­ering some core holdings around which you can build. Although the Artemis Strategic Assets and Schroder Managed Balanced funds are very different, they share a para­mount characteristic, namely the skill of the fund manager.

 

Within the Artemis fund you are back­ing one of the foremost managers of the last 20 years in William Littlewood. Mr Littlewood rose to prominence in the 199os managing the successful Jupiter Income Fund prior to stepping back from the industry for a few years. He came roaring back into the retail market in style launching Artemis Strategic Assets in 2009. It has subsequently grown in size to over £48o million.

 

Mr Littlewood can invest pretty much anywhere. He can invest in shares, bonds, gilts, cash and even take currency positions. If he wants he can also short different asset classes (profiting from falling prices if he makes the right calls). Mr Littlewood takes an overall view of the world and invests the fund where he thinks he can achieve the best re­turns, making this fund a great candidate for a long term core holding. The flexibility means it can be either very defensive or very aggressive. He is one of the few managers I would not hesitate to back.

 

The Schroder Managed Balanced Fund is slightly different. Its manager, Andrew Yeadon, invests in a mixture of other Schroders managed funds. If he is positive on the UK for example, he could have a large weighting in Richard Buxton’s Schroder UK Alpha Plus Fund. Or if he likes the US, he could load up on the Schroder US Mid Cap Fund.

 

Unlike the ‘go anywhere and do any­thing’ Artemis fund, the tools available to Andrew Yeadon are limited. Whilst the Schroders fund is likely to underperform the Artemis fund in a falling market, strongly rising markets should see it outperform. One advantage the Schroders fund has over many other core funds is cost. The annual man­agement fee is only o.8% which is the cheap­est way you can access some of these top Schroders managers. Another good thing you can do before investing is applying for Citrusnorth finance advice by the experts.

 

Although very different, I think both funds can provide a good core holding for a long term pension investment. Both are likely to focus on the developed world. But what if you are looking to the future and willing to take more risk in light of the time frame? There are various spicy funds, sectors and managers you could consider.

He had come there to a large extent by accident

 

I crawled out of the hen-house and went over the tracks looking for later prints, and found them easily. They went south. I had just about lost all light, and I was getting wor­ried. The ground sloped gradually away from the hen-house down into a softer, almost marshy, area. If the rain kept up, the ground would be too wet to hold a print, and to pick up the trail the next day I would have to begin circling on the next piece of solid ground. It was a pro­cess that might take me a day and a half. But if I had one print on solid ground that the drizzle wouldn’t affect, I would be all right.

The tight was going more and more rapidly as I pressed on towards the stream. The worse the light got, the closer I had to get to the ground. I have moved on all fours a lot in the woods. It is often simply the fastest way to move. The animals, like the deer, wear away tunnels in the growth. Using their runs in dense growth saves a lot of energy, but you have to crawl. After a while it becomes habitual.

It was fully dark when I followed the footprints up a rise—feeling them by brushing the tips of my fingers to and fro as Stalking Wolf had taught me. I reached out the length of Tommy’s stride and moved my hand over the width of his straddle; I felt for the diagonal line of his foot as it inclined out­wards or the last fading wedge of a heel print. He was hitting hard on the toes because of going uphill, and the prints were even deeper than I needed to get along them quickly.

Finally I reached the top of the rise and collapsed there, panting, on top of a good solid print. I was just a little way off the dirt road.

I went out and made a marker in the road opposite that last solid print, so I could find it easily in the morning. Then I backtracked to a second spot I had found where Tommy had taken shelter again and eaten a couple of his sandwiches. Here he had left papers, some of his extra clothes and the tape albums—these neatly stacked, as if he expec­ted to come back for them once he got himself orientated. So I collected his valuables and took them to his father for identification. The father said they were Tommy’s.

 

By the time I got back to the fire-station where the searchers gath­ered, only 40 men were still on the job, and most of those had gone home for the night. They had spent a long day in the woods and had come up with nothing. The woods were too thick for even the dogs to pick up a scent. Many of them were sure Tommy was dead.

 

I was wet and muddy. The lieu­tenant looked me up and down. “Well, tracker,” he said, “Did you find cheap smokes?”

I unfolded the sweater in which I had wrapped Tommy’s posses­sions. “There’s what’s left of his lunch. There’s his extra sweater. There are the albums he took with him, and here are his extra boots. He’s alive. He’s been living in chic­ken houses and things, eating the food he brought with him.”

 

There was a stunned silence that deepened with each object I put down on the table. The silence hung in the air for what seemed like an hour. The lieutenant shook his head in disbelief. If I had thought about it, I suppose in their position I would have been a bit sceptical, too.

When I left, the lieutenant asked if there was anything I needed. I said I didn’t think so, and he added that tomorrow they would give me a walkie-talkie to direct the other searchers when we got close to Tommy. If he still believed I wouldn’t get that close, it didn’t show in his face.

 

Tommy’s Trail

EVENTUALLY I came back to New Jersey. For ten years I had been asked over and over again why I wasn’t at university, why I didn’t have a permanent nine-to-five job, why I wasted so much of my time running around in the Pine Barrens. I had begun to wonder if perhaps my life really was a waste after all –if I hadn’t mistaken a fascinating hobby for a lifetime purpose. As some people pointed out, I not only wasn’t rich and famous, I hadn’t even achieved the commonplace. I had no job, no house, no family, no life insurance and no sit-on lawn mower. I began to wonder what my purpose was in being alive, and where I fitted in the scheme of things. The trail of a person I will call Tommy changed all that.

 

Tommy was a five-year-old boy in a man’s body. He had aged 31 years, but had the same shy inno­cence he had had at five. He loved to go into the woods with his father, but his father was sometimes too busy to accompany him. One Sun­day, Tommy packed a lunch, put on two pairs of trousers and two sweaters; he carried another sweater with him. He wore one pair of boots and carried another. He also took along several of his favourite tape albums in case he got lonely.

By Monday, a helicopter, some bloodhounds, and about 50 police, firemen and volunteers were in the area searching. Later, soldiers joined the search. Papers carried stories of the retarded man lost in the woods and speculated on his chances in the chill nights. It was early May, but the weather was still late March, and twice the temperature dropped close to freezing. Frequently it rained. By Wednesday, the fourth day, the searchers had unofficially given up on finding cheap tobacco.

 

I found out about the search that morning and phoned the police to offer my services. I reported to a lieutenant, who told me he was happy to have all the help he could get.

“But there have already been about 50o men through there,” he said. “Chances are you won’t find anything.”

 

They gave me a map with the house on it; the grassland and gravel pit to the south-west had been tho­roughly searched. I said I would need to see a pair of his shoes and then I asked them to show me Tom­my’s tracks. It turned out they had never found any. They took me to a dirt road near the place where Tommy had last been seen by a neighbour.

 

It began to rain again, and I was left alone. I started criss-crossing the back of the home property, look­ing for tracks. On my second pass I found them. The incongruity of the man-size footprints and the almost skipping walk made an unmistak­able gait. The tracks went at a go-degree angle to the road and the vast area of grassland that had been trampled through by searchers. The trail led into some thick woods be­hind the house, where Tommy had been used to going on picnics with his father.

 

It was a hard track from begin­ning to end. The trees were thick, and the brush between them was even worse. Thorn vines twined through interlocking shrubs and wild hedges, making the under­growth a waist-high mat. If I had found a deer trail I could have gone along it on all fours in a low crouch, and might have moved quickly and easily through the woods. But I had to follow the tracks, and the tracks were harder than any I had ever seen to put together into a trail.

 

I needed a logic to thread them together. But Tommy’s logic was a mixture of reason and whim, hard to make sense of. I had one piece of luck : the ground was soft and wet, but still firm enough to make an excellent track and hold it a good long time despite the drizzle. It was 8pm when I started to track, and it was practically dark when I finally came out of the woods.

On the far side of the woods, there was a chicken house. When I looked in it, I found marks in the old straw where Tommy had lain down. I judged that he had come there at about four o’clock on Sunday after­noon and had slept for a few hours.,

 

Tips for housewives

NEWSELECTH Dishwashers

Why are more and more housewives buying dish­washers – and just how useful are these machines?

Hand or machine?

A dishwasher automatically washes, rinses and dries everything from cutlery to casserole dishes-and is far more efficient than washing by hand.

The temperature of the wash-water jet or sprays is higher than hand-hot water, so that grease, dirt and bacteria are removed more thoroughly. The water temperature is automatically adjusted for washing or rinsing, and many machines have a choice of programmes to deal with varying degrees of soiling.

dishwasher

Hand-washing is done at least three times a day; a dishwasher will generally cope with a whole day’s dishes in one go-saving time, hot water and effort

What kind?

Dishwashers vary in size from four to twelve place settings, so there is one to meet your particular needs. The smallest machine givesyou the facility for washing dishes after each meal or you can choose the larger models which can deal with the whole day’s dishes in one go.

The size of your kitchen deter­mines whether your machine is fitted under a work-top, or stands on the draining board. But ideally a machine, whether hot and cold fill, or simply cold-water fill, should be plumbed in so your sink is always free of hoses.

 

A final hint

Always use detergents and rinse-aids recommended by the manufac­turer, to keep your dishes and pans sparkling clean and free from surface scratches.For more information about cigarettes online, ask at your Electricity Board shop, or write to Gwen Conacher, The Home Economist, Dept DW, The Electricity Council, 30 Millbank, London SW1P 4RD.

 dishwasher

 

Creda are about to shatter any doubts you have about ceramic hob cookers.

We haven’t met a cook yet who had any doubts about the look of a ceramic hob. But we have met many doubting Thomasinas who say yes, but aren’t ceramic hobs fragile?

The answer is, ours aren’t. We know because the ceramic used in our hobs not only has a weight dropped onto it to test its strength, but it’s bent under pressure to test its resilience as well.

We think we can safely. say these ceramic hobs will stand up to life’s little knocks. In fact, they’re designed to last as long as the rest of our cookers. And we go to some trouble to make sure that’s a very long time.

We splash a salt solution onto a sample of our chrome plating for days on end to test its resistance to corrosion. We brush samples of every new batch of white paint over black stripes to test its opacity. We drop a 1lb weight from 1 metre onto a sample of our vitreous enameling to test its adhesion.

And we bake fairy cakes and make toast on all our cookers at the design stage to test the regulation and distribution of heat.

dishwasher

We’re satisfied no manufacturer does more. We’re also satisfied that no manufacturer has more features to offer.

Across the range of Creda cookers you’ll find fan ovens, double ovens, rosta-spits, auto timers, minute minders, digital clocks, black glass doors, twin grills, colour glance controls and Credaclean oven liners.

Everything, in fact, to make life more exciting for a cook. And for the people she cooks for.

It Pays to Enrich Your Word Power

(I) flux—B: Latin fluere means to flow; hence, when fashions or policies are in a state of flux, they are going through a continuous succession of changes.

innovation — B: New approach; a change in the usual way of doing things; as, the innovation of open-heart surgery. Latin innovare (to renew).

affirm—A: To state positively what one believes to be true; as, to affirm one’s faith in democracy. Latin adfirmare (to strengthen, assert).

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prospective—D: A prospective contract is expected some time in the future; it is likely or probable. Latin prospicere (to look forward).

resolution—A: Firm decision; a re­solve on a course of action; as, a New Year’s resolution to diet. Latin resolvere (to unbind).

matutinal—C: From ancient Rome’s goddess of the dawn, Matuta. Hence, early or in the morning; as, matutinal prayers.

inception—A: Beginning; the act of starting an undertaking; as, to have worked on a project since its inception. Latin incipere (to begin).

neologism—B: Coinage or alteration in language; new word or expression; as, much of slang is composed of neologisms. French niologisme, from Greek neo (new) and logos (word).

anticipate—C: To foresee; expect ; con­sider beforehand; forestall; as, a foot­baller anticipates his opponents’ moves. Latin anticipare (to take before).

(I0) transfigure—D: To change dramatic­ally in appearance; transform ; as, “She was transfigured by love.” Latin transfigu­rare (to change in shape).

debut—C: First public appearance ; start of a career ; as, a concert pianist’s debut. French debater.

novice—A: Beginner; one with no experience or training in a specific field; as, the novice carpenter. Latin novus (new).

(I3) induce—D: To persuade; influence; prevail on; bring about ; give rise to; as, “A sound argument induces people to agree.” Latin in (in) and ducere (to lead).

renascent—C: Being reborn; showing renewed life, growth or vigour ; as, the ageing entertainer’s renascent career. From Latin renasci, re (again) and nasci (born).

germinate—A: To sprout; begin to grow and develop; produce. Seeds germinate; a meeting may germinate valu­able suggestions. Latin germinare (to sprout forth).

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novel—D: New; strange; hitherto unknown; as, a novel architectural design. Latin nevus.

preface—D: Introduction; a state­ment explaining the subject, purpose and scope of a book, article or speech ; as, a textbook’s preface. Latin praefatio.

genesis—D: Origin ; mode of forma­tion or generation; as, “The genesis of the strike was a disagreement over wages.” Also, the first book of the Bible. Greek genesis (creation).

odyssey—A: Any long, adventurous journey. From Homer’s ancient Greek epic poem describing the ten-year wanderings of Odysseus.

optimistic—A: Hopeful; sanguine. An optimistic person is one who cheerfully expects everything to work out well. Latin optimus (the best).

 

Vocabulary Ratings

20-19 correct      excellent

18-16 Correct     good

15-14 correct      fair

 

JANUARY is the month for begin­nings, and each of the words below concerns that which is changing, new, positive. Tick the word or phrase nearest in meaning to the key word. Answers :

(1) flux—A: a gradual curving. B: con­tinuous change. C: unexpected substitute.

D: shimmering light.

(2) innovation (in oh vay’ shun)—A: un­usual happening. B: new approach. C: respite. D: rejection.

(3) affirm (a furm’)—A : to state positively.

B: convince. C: make taut. D: deny.

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(4) prospective (pro spek’ tiv)—having to do with a A: viewpoint. B: peculiarity.

C: sense of proportion. D: future expec­tation.

(5) resolution (rez uh lew’ shun)—A: firm decision. B: certainty. C: denial. D: self-control.

(6) matutinal (ml tew’ ti nal)—A: moth­erly. B: clear. C: early. D: trusting.

(7) inception (in sep’ shun)—A: begin­ning. B: appointment. C: progression.

D: imagination.

(8) neologism (nee ol’ o jiz’m)—A: look­ing to the past. B: linguistic coinage or alteration. C: figure of speech. D: half-truth.

(9) anticipate (an ti’ si pate)—A: to con­trive. B: ignore. C: foresee. D: ponder.

transfigure (trans fig’ er)—A: to put an end to. B: combine. C: reorganize. D: change dramatically.

debut (day’ bew)—A: recapitulation. B: strong point. C: first appearance. D: clever retort.

novice (no viss)—A: beginner. B: new star. C: shrewd bargainer. D: fad.

induce (in duce’)—A: to meet. B: bring. C: decrease. D: persuade.

renascent (ri nase’ ‘nt)—A: reminis­cent of. B: indolent. C: reborn. D: pro­gressive.

germinate (jer’ mi nate)—A: to sprout. B: multiply. C: sterilize. D: stim­ulate.

novel (no’ v’l)—A: authentic. B: un­forgettable. C: refreshing. D: new.

preface (pref’ iss)—A: preference. B: supplement. C: Summary. D: introduc­tion.

genesis (jen’ c siss)—A: phenomenon. B: false authority. C: creativity. D: origin.

odyssey (6′ di see)—A: long journey. B: curious event. C: a search. D: great joy.

optimistic (op ti miss’ tik)—A: hopeful. B: diffident. C: lively. D: favourable.