Much has happened since I began writing this column more than two years ago: the UK has voted for Brexit, Donald Trump has been elected US president and new trade tariffs have been imposed. But some things haven’t changed. In my first column, I argued that cutting out your daily cappuccino won’t make you the next Wolf of Wall Street. Whenever it’s suggested that it … Continue reading Marina’s Monetary Musings: Invest your tuppence wisely – or better yet, feed the birds

There is a belief that people with psychopathic traits – like aggression, cold charm and a ruthless lack of empathy – do well in the financial industry. So a team of academics, led by Leanne ten Brinke, a social psychologist at the University of Denver, set out to investigate if that’s the case. Her team studied the video interviews of 101 hedge fund managers. The … Continue reading Marina’s Monetary Musings: Mirror, mirror on the wall – who is the best one of all?

Yet more unhelpful advice for millennials: Barclays has joined the admonishing chorus by announcing that millennial couples need to stop spending an average £3,500 on annual cruises or £5,946 a year on eating out twice a week. First, it’s unlikely that many millennials go on cruises, a distinctly octogenarian activity. Secondly, if we drill down into the cost of eating out calculated, we get to … Continue reading Marina’s Monetary Musings: The avocado cruise

Over the last two years a chorus of wealth experts have urged millennials to save money instead of eating out. But such advice doesn’t solve the systemic intergenerational inequality in the UK. Now Barclays has joined the group, by saying that habits such as annual holidays (planned by 86 per cent of millennials) and nights eating out (54 per cent) could ‘de-rail millennial retirement ambitions’. … Continue reading Money Observer: Yet more unhelpful advice for millennials

What’s your first memory of money? Psychoanalysts could have a field day unravelling how people’s first memories shape their views of finance. So, what do you remember? I remember finding a bundle of German banknotes in the playground. I gave the notes to my mother, who asked around at the kindergarten to see if anyone had lost money, but nobody came forward. In the end … Continue reading Money Observer: First money memories

Much has been written about how automation will replace humans in the workplace. But what about those who have only been half replaced? I met some of them recently. I was walking through the electronic passport control gates at Frankfurt airport. I pressed my passport onto the glass screen and the gates swung open to reveal two people sitting behind a high counter. I showed … Continue reading Money Observer: Where automation only half-replaces humans

Literary critics are not usually known for their views on money. But the German critic Marcel Reich-Ranicki supposedly said that ‘money doesn’t buy you happiness, but if you’re sad, it’s better to cry in a cab than on a tram.’ This seems logical, and yet it may depend on whether or not you’re an introvert. The relationship between money and happiness has spawned many theories. … Continue reading Money Observer: Why money buys happiness sometimes