Despite the lockdown boom in DIY investing, the DIY investment platforms cannot, it seems, make any money. They’re closing left-right and centre and many of those still around, despite big backers, look doomed: Investec, £20m write off and Nutmeg loses £22m, to name but a couple. Maybe it will come down to the survival of the big names. But since the biggest, Hargreaves Lansdown, had to carry a pretty big can for its clients’ Woodford losses, even their business model has started to look a little shaky. Schadenfreude? Mich?
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
