Weekend reading: Think first if a windfall flies into your life

What caught my eye this week. A lot of people daydream about what they’d buy if they won the lottery. This chance to fantasize is probably the most tangible benefit of a lottery ticket. Not me, though. I appreciate this is almost-too on-brand – but I daydream about how I’d invest it. I’ve told friends […]

Income vs accumulation funds – what’s the difference?

Investment funds are often made available in two classes: income and accumulation.1 Unlike train carriages, one class isn’t better than the other. In a contest, income vs accumulation funds always ends in a draw. That’s because they’re functionally identical, except for how they pay dividends or interest to their investors.  For brevity, I’ll only refer […]