Is The Gold On The Way Up? Second Interview Simon Popple

Play This Episode

0 Votes

Simon started off on the normal path to success After completing my MBA at Birmingham University he worked in the Corporate Finance team at Singer amp Friedlander He was then headhunted to join the Senior Banker group at ABN Amro and after several years he became one of the founding members of their Financial Sponsors team within the Corporate Finance Franchise From there he went on to become Head of Investment Management at Strutt amp Parker Real Estate Financial Services and then he joined Topland one of the World s largest private property companies as a Director That was considered successful He had a Porsche a nice house a good job Thought he was pretty successful quot All that and a cup of tea Turns out – he wasn t He was a director of one of the World s largest private companies in my 30 s Anyone quot looking in quot would be impressed But they didn t see his pension statement he kept that to himself On the face of it it didn t look too bad But there were an awful lot of assumptions One was about INFLATION Let s just say it was LOW He didn t care Inflation WAS low Retiring was a long way away Fortunately 12 years ago he did a bit of maths The question was really simple What happens to his pension if we get inflation He crunched a few numbers He can be a bit of a nerd Now it gets depressing If you assume an inflation rate of 8 over the next 10 years – The present value factor is 0 463Let s say your pension pot is worth 1 000 000 Bear with me this is a bit boring If you multiply that pot by the present value factor that means if we get 8 inflation for 10 years in today s money it s worth about 463 000Scary eh It gets worse If you apply an annuity rate of 4 5 that gives you an income of less than 21 000 a year – I assumed I apos d retire at 60 When he would crunched the numbers annuity rates were A LOT HIGHER But it still didn t look very good He just stared at the screen – Unbelievable Back to TODAY Things have got a lot worse 21 000 a year seriously What about AFTER 10 years He is hoping to live longer than that He did this simple math in my early 40s He had a choice Do nothing or something He chose SOMETHING He packed his well-paid job he was raking in well over 100 000 a year and started researching commodities He was convinced they were the future People thought he was mad Come to think of it That does sound a little bonkers His investments went well Simon was asked to write a Newsletter for Moneyweek called Metals amp Miners Following this he was asked to work with Jim Rickards on Gold Speculator a Newsletter run by Agora Financial This was great but he was still worried about inflationWhat about inflation He told people – they didn t listen They do NOW 8 inflation are you crazy It was then running at less thaSupport the showDo not forget to like comment share and subscribe Become supporterhttps www buzzsprout com 1923878 supporters newAsk Faleskini is available at https www instagram com askfaleskini https twitter com AskFaleskinihttps www linkedin com company askfaleskini https www askfaleskini com You can book a one-on-one session with Mr Faleskini here