The Oldie

Your money's gone

We don't talk about money, do we?

You shouldn't fret about that nest egg, after all. You just hand it over to those qualified, expert fund people and forget about it, don't you?

Yup. And when Credit Suisse or Silicon Valley Bank (SVB) in California collapses in a heap, it is totally ‘foreigners buggering up’, isn't it? Somewhere in that bit of the newspaper you use to light the fire.

Last time this happened, though, (mug-punter that I was) I found out that, entirely unbeknownst to me, a substantial chunk of my own personal, cash nest-egg had been passed on to a bank to ‘look after’, on deposit for a few days, by a hedge-fund institution I was trying to get out of.

At the time, I was up a mountain and unable to reach a computer to get into my personal bank account.

The bank

You’re reading a preview, subscribe to read more.

More from The Oldie

The Oldie12 min read
History
Viking, 464pp, £20 In this follow-up to his 2021 bestseller Empireland, wrote Andrew Marr in the Times, Sanghera ‘tries to understand why the modern British display such amnesia about their forebears’ vast, world-changing project.’ Although the book
The Oldie14 min read
Pursuits
WELSH WONDERS On a recent cold and blowy afternoon, I spent a few hours in a series of greenhouses, sniffing exotic scents and marvelling at the sheer abundance of flowering bulbous plants. I was just a mile from the National Botanic Garden of Wales
The Oldie3 min read
Apocalypse Now?
Are we all doomed? A lot of publishers seem to think so. The only question, it sometimes seems, is whether it's going to be climate change, another pandemic, or murderous Terminator-style Artificial Intelligence that finishes us off first. But a hand

Related