Author: FIRE v London

High net worth personal finance blogger based in London. Interested in financial independence, economics and technology.

A stupid decision to sell my rental property

FIRE v London6 Comments

I sold my rental property last year, after owning it over 20 years. It’s a lovely property, worth around £1m, right in the heart of London – near the middle of the map below. I used to live in it, I travel past it regularly, I know its neighbourhood well. The Modern Flat has genuinely been part of my life – in a way I can’t say for most assets I own.

Central London – roughly corresponding to the Circle Line area

As most readers would I think agree, I am a pretty numerate, analytical person. Yet looking back on the sale of the Modern Flat, in my decision to sell I made two stupid mistakes. I got two of the big numbers wrong. Not just a bit wrong, but properly, materially wrong.

There are lessons here about investing, about selling, and about property vs stocks/shares. Let’s take a look.

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Mar ’25: Anticipating tariffs

FIRE v London5 Comments

What’s in the news?

Talking about the news in March, given what’s been happing on the tariff front over the last few weeks, seems a bit pointless.

We entered March with a lot of drama about Ukraine, and some notable ‘ceasefire’ activity on the diplomatic front.

We finished March waiting for ‘liberation day’, April 2nd, when Trump unleashed a basically bonkers cocktail of tariffs on every country in the world – except Russia, of course.

What’s going on with me?

In the meantime, life goes on.

I attended a funeral of a long time friend and neighbour in north London.

I visited a rather bizarre concert in the Royal Festival Hall.

And I visited hospital for my first MRI scan, participating in a clinical research programme at University College London Hospital. I was impressed, I have to say, and grateful that I live within relatively easy reach of this excellent hospital.

I also visited Dorset – Studland to be precise – and went yomping up to Old Harry Rocks, the start of the Jurassic Coast. It’s a beautiful part of the world, and less than 3 hours from London Waterloo.

Markets in March

My markets’ movements in March 2025

Markets generally drooped in March, particularly the US’s S&P500. Enthusiasm/animal spirits from Trump’s election win are being replaced by trepidation / concern about Trump not being good for the US economy after all. The dollar, and the AUD, fell against the pound.

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Feb ’25: The top comes off

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What’s in the news?

The Trump, is in the news. He gets more than enough coverage without me adding to it.

From the point of view of what affects portfolios like mine, a few things happened

  • Tariffs. Lots of chat, lots of yo-yoing. Not good for larger businesses, possibly quite good for smaller ones?
  • War, lots of yo-yoing. Might it/they stop? Or might Russia become more terrifying?
  • Defence spending is clearly going up, though I suspect by less than the claimed amounts.
  • Longer term, the life of the US Dollar as reserve currency has shortened.

What’s going on with me?

My personal life was quite busy in February. I visited the UK city with the most caves (anybody know?), I had a short break in the Canaries, I enjoyed some time on the South Coast, I went to a play in East London. Busy, good busy.

Markets in Feb

Vanguard World Equities (VWRL) fell 3.5% in February, but UK Equities (which are <4% of World Equities) rose 2%. US Bond aggregates were up over 2%, though international (non UK/US/Aus) bonds dropped 1%. So your market benchmark very much depended on which markets you are benchmarked against. But the top does seem to have come off the US S&P ‘bubble’… let’s see how it unfolds in the next few weeks.

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