Saturday, December 10, 2011

My new pension plan

I recently pulled my pension out of emerging markets. I am creating a very small part of potential difficulties there and I do feel a bit guilty. It is not what I wanted to do and I held off as long as I felt I could - I gave the politicians as big a chance as possible but in the end I lost my nerve. I feel extra guilty when I read a blog on what might be the consequences on, for example, Turkey. I hope that the latest deal is sufficient but we'll see. I am a strong pro-European and I think that Britain deciding to sit this one out is short-cited and shoots itself in the foot.

Anyway, I digress. Here is a photo of the genesis of my new pension plan. I fully intend to purchase wines from emerging markets to help compensate*.

*I like Argentinian wines despite the Government's bullying attitude towards the little Falklands.

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