Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    The Hill of Affluence
    The Hill of Affluence
    The Hill of Affluence
    Ebook122 pages1 hour

    The Hill of Affluence

    By T. C. Tilden-Smith

    ()

    Read preview

    About this ebook

    The Hill of Affluence is a reference book to help people make financial plans for their retirement. It links investment strategy to their level of contentment on the hill of affluence. Successful investors need to have a basic knowledge of politics and economics, and these subjects are covered in the first two chapters. The following chapters are concerned with property ownership, starting a business, and of course investment. The latter subject commences with the simplest form of saving, via bank deposits and government Treasury stocks, and advises when to switch from one to the other. It then moves on to investment trusts and unit trusts (or mutual funds, as they are known in America). These can be dealt in direct with the managers or by using the services of a stockbroker or financial advisor. In fact, investment trusts can only be dealt in by a broker, as their shares are quoted on a stock exchange.

    A stockbroker can also advise you about investing in other shares and teach you about the vagaries of the stock market. Finally, you may be knowledgeable and brave enough to invest using the services of a dealing only broker. This book explains the unique Tilden theory of investment, which is applicable for investors all over the world.

    Visit the authors website www.affluentman.co.uk for information regarding regular updates on politics, economics and investment strategy.
    LanguageEnglish
    PublisherAuthorHouse UK
    Release dateAug 5, 2013
    ISBN9781491800652
    The Hill of Affluence
    Author

    T. C. Tilden-Smith

    Tim Tilden-Smith is a Fellow of the Chartered Institute for Securities and Investment. He is a director of an investment company and a property company; and chairman of Services International Limited. He founded a document storage business, which is a division of Services International Limited, and trades under the name of Archivist. All these companies are registered in Guernsey, Channel Islands. He lives in Guernsey but spends the winter months in Florida, with his American wife. His hobbies are messing about in boats, golf, and gardening.

    Related to The Hill of Affluence

    Related ebooks

    Business For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      One Life. Well Lived!

      Aug 18, 2021

      LAND ROVER LEGENDS 38 “Inever really had what you’d call a plan,” confesses Iain Chapman with a wry smile and a twinkle in his eye, “but I always made a point of embracing every opportunity in life that came my way!” And during the course of the six

      14 min read

    • Article

      Fletcher’s

      Apr 17, 2020

      Before 1960, Fletcher’s ran two Sentinel/ trailer rigs on double shift, the first trailer mates I remember were ‘Porky’ Grey, Joe Krizz and a young Cliff Jones, the trucks being serviced during the one hour between change over. A part of Graham Harri

      7 min read

    • Article

      Full Circle

      Oct 3, 2018

      Full Circle
      7 min read

    • Article

      Letters

      Feb 15, 2024

      Incensed by Calor’s 4.5kg gas bottles debacle, I invested hours and many phone calls to solve my replacement problem. This was finally achieved by purchasing a Flogas 4.5kg cylinder just before all providers seemed to not issue any cylinders except f

      4 min read

    • Article

      Jacqui Atkin's Trip Down Under – Part 2

      Aug 25, 2020

      Jacqui Atkin creates all of our hand-built projects, as well as decorating the thrown ones; this month we hear about her visit to her daughter in Australia – also a ceramic maker! It seems a lifetime now since I was with Charlie, my daughter, in Aust

      10 min read

    • Article

      Allan Dick TODAY

      May 1, 2023

      Of shoes and ships and sealing wax, Of cabbages and kings, And why the sea is boiling hot, And whether pigs have wings. In other words, a mix of stuff! Recently I met John and Jenni Fraser, a couple from Gleniti, just outside Timaru. John’s a former

      9 min read

    • Article

      Pete Astler

      Nov 1, 2020

      Pete Astler
      14 min read

    • Article

      Postbag

      Aug 28, 2020

      Postbag
      3 min read

    • Article

      Getting My Hands Dirty

      Oct 15, 2018

      Getting My Hands Dirty
      9 min read

    • Article

      S Club heaven

      Mar 16, 2022

      S Club heaven
      5 min read

    • Article

      Lippy From The Liffey

      Feb 10, 2022

      Lippy From The Liffey
      2 min read

    • Article

      Industry Insiders

      May 13, 2021

      Industry Insiders
      2 min read

    • Article

      Working At Crewe Works

      Mar 15, 2024

      Working At Crewe Works
      7 min read

    • Article

      Different Strokes Part 1

      Feb 23, 2024

      Different Strokes Part 1
      13 min read

    • Article

      Performance Driven

      Jul 9, 2018

      Performance Driven
      6 min read

    • Article

      Sophie Anderton

      Aug 23, 2023

      MY IDENTITY IStied up with my job; I’m a massive history nerd. When I started working at the Aston Martin Heritage Trust (AMHT) in 2021 I was like the emoji with its head blowing up; there’s so much to unpack from the marque’s 110 years. People autom

      4 min read

    • Article

      Allan Dick Today

      Feb 27, 2024

      After our Christmas expeditions in both the campervan and four-wheel-drive that you can read about in this issue, we were only back in Ōamaru a day or so, suffering cabin fever, when suddenly the weather came right with the forecast predicting five o

      7 min read

    • Article

      ‘Luxury Should Stand For Transparency, For Ethics, For Respecting Humans’

      Feb 8, 2019

      A material originally brought to Earth by meteorites that bombarded the planet more than 200 million years ago, gold has held a hypnotic effect over humans ever since some early hominid first set eyes on shining yellow nuggets in a river and found th

      4 min read

    • Article

      Stepping Up To The Footplate

      Dec 17, 2021

      Stepping Up To The Footplate
      10 min read

    • Article

      You Must Apologise

      Jun 17, 2021

      You Must Apologise
      5 min read

    • Article

      Home Sewn

      Sep 16, 2022

      Home Sewn
      10 min read

    • Article

      Q&A

      Apr 3, 2020

      First of all, I think you’d better tell us who you are! We are a City of London Livery Company, one of 110. Ours was founded in 1299, when there were two main boatbuilding factions in London, one in Rotherhithe and the other, which prevailed, in the

      3 min read

    • Article

      Life’s A Breeze

      Jul 21, 2022

      Life’s A Breeze
      9 min read

    Related categories

    Reviews for The Hill of Affluence

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      The Hill of Affluence - T. C. Tilden-Smith

      CONTENTS

      Introduction

      Politics

      Constitutional Monarchies

      Democratic Republics

      The European Union

      Communist Regimes And Dictatorships

      Economics

      Property Investment

      Capitalism And The Stock Exchange

      Starting A Business

      Deposits And Treasury Stocks

      Stock Exchange Investment

      Collective Investment Vehicles

      Passive Investment Vehicles

      Investment In The Stock Market

      Direct Investment

      Online Stockbroking

      Research And Analysis

      The Tilden Theory

      About The Author

      This reference book is dedicated to my grandchildren,

      Amelia and George Smitheram.

      My thanks are due to my wife, Mary,

      for her constant encouragement, which enabled me to complete the book,

      and to

      Sue Le Gallez,

      for her patience and ability to convert my scribbling into the final typed manuscript.

      INTRODUCTION

      My first investments were made out of desperation. At the time, I was a cadet in the Shaw Savill and Albion Shipping Company, which operated passenger and cargo ships to Australia and New Zealand. In those days-early post-World War II—cadets’ pay was derisory. Admittedly, as our Marine Superintendent never failed to remind us, we had free board and accommodation. Nevertheless, £7 a month, which included £5 a month War Risk money, was not enough to go ashore and entertain members of the fairer sex.

      My pay did increase slowly over my three years as a cadet, but it was still very low. I scratched my head and tried to find a way of earning some extra cash. When we were on the New Zealand coast, it was possible to work as a seagull. This was the name given to non-union members of the Stevedores’ Union. It was hard physical work, which I enjoyed, and the pay was excellent. The Chief Officer of the cargo ship I was on at the time was very understanding and let me spend as much of my off duty time as I wanted working as a seagull. It was usually unloading or loading cargo onto my own ship.

      By 1949, international trade was booming as people, particularly in England and Europe, were fed up with austerity and wanted to see tropical fruits and exotic oriental goods in the shops again.

      This is when I realised I was in a good position to be an international trader. I was on a ship travelling around the world. There was space for me to store some goods, and I had no travelling expenses! I had just passed my Second Mate’s exam and joined a new shipping company called P&O. In addition to their Australia route, they also sailed to the Far East. On returning to the UK, their cargo ships did a side trip to Hamburg, Amsterdam, and Rotterdam.

      My first cargo ship was on the Far East run, so I started my profitable trading business. The first call was in Port Said, where the bumboat men were selling handgrips made from camel skin, and I bought several of these and other leather goods. Our next interesting ports were Bombay and Colombo. In Bombay, I was fascinated by the clothes that the ladies wore-very colourful, and their saris, handbags, belts, and shoes proved to be one of my winners. I shipped them back to stores in Guernsey and Jersey, where the sales were astonishingly high.

      I knew it was only a fad, but for two years, I made a good return on my investment. The buying side always intrigued me. I would arrive at the wholesale emporium and was always invited to sit in a comfortable chair and given ice cold soft drinks. Then there would be a fashion parade, and I would point out the articles I was interested in. The girls were beautiful, too, but not for sale! The goods were shipped direct to the Channel Islands, and I never had any complaints about the quality. I expect the fact that I would be returning to Bombay in a few months ensured that the products were exactly as I had seen and ordered.

      In Colombo, I bought carved elephants and sapphire jewellery, which I sold in the UK and Australia. My favourite purchase was in Japan. I found what looked like a miniature camera. It was about two inches by one inch by half an inch. It had a button to press like a real camera, but it flicked open a cover on top, which ignited a flame; in fact, it was a cigarette lighter. I sold hundreds of these at a vast profit.

      It was fun but purely a side line to make some extra spending money. Some of my shipmates were curious as to how I could afford taxis and nightclubs in Singapore and Sydney. I simply put my forefinger to my head and said, Inventiveness. As the saying goes, necessity is the mother of invention.

      In 1956, I sat my Master’s exam in London and passed it without a problem. I was offered a position as a Chief Officer of a cargo ship going to India and Malaysia. I had other plans, however, due to the fact that I now had a sick wife and a young son. I had been desperately trying to find a shore job whilst I was studying for my Master’s certificate. I must have written to fifty British companies, giving them my CV, but if they bothered to respond, it was to say that I had no degree and no commercial experience. This was the depressing truth. I was twenty-six and had no hope of a career other than to go back to sea.

      Then, fortuitously, another student told me that a friend of his had got a job working on cathodic protection of ships with an American company called Wallace and Tiernan. I phoned them up and was asked to attend an interview. The Managing Director was very pleasant but said they currently had no vacancies on their shipping side. They did, however, have a position as a sales and service engineer on their water chlorination side. He told me to go round the factory and let him know if I wanted the job. Despite the fact that I was not mechanically minded, and was terrified of the thought of chlorine gas killing me or one of my customers, I accepted the job. It was going to enable me to be home with my wife and son. After six months in the factory learning how the chlorinating machines worked, I was let loose on the customers. I was able to deal with the smaller installations in public and private swimming pools. One day I was sent to a flour mill and learned that bread was only white because the flour was bleached with chlorine.

      Then one morning, the phone rang at eight o’clock, and the factory in Chiswick told me that there was a serious chlorine gas leak at Battersea Power Station. I was to cancel all other appointments and go there immediately. I had never been inside a power station before, and when I arrived, it took me at least ten minutes to find the office of the Chief Engineer. Eventually I did and knocked on the door. A deep voice boomed out Enter! The Chief Engineer stood by his desk, put his hands together, and said, Thank God for Wallace and Tiernan. Little did he know that this member of the company would be of little help to him.

      He led me to the chlorination room, which was huge; six of our biggest machines were in there, pumping chlorine gas, visible through the large bell jars on top of the machines. The chlorine was used to prevent the build-up of algae in the cooling water, which was still very hot as it entered the River Thames. There was a terrible smell of chlorine when we entered, forcing us to retreat rapidly. Outside, I told him we would have to shut the plant down to locate and repair the chlorine leak. I asked him how much time we had to do it. He said a maximum of two hours, so I told him I would call the factory in Chiswick and ask them to send another engineer over. The man who arrived was their most experienced engineer, and we solved the problem in about an hour; I was saved by the gong!

      That incident convinced me that I should find alternative employment or start up a business of my own. I had a friend who had travelled back from Penang on a P&O ship and was working in the London office of the Far East branch of the company. He hated working in London and was keen to start a business. Eventually, we set up an onsite carpet cleaning service. We handed in our notices to our respective employers and bought an American Columbus-Dixon cleaning machine and got cracking. Our business expanded quite rapidly. We built a carpet cleaning factory, bought and sold a dry cleaning business, bought a carpet wholesale business, and started a contract floor covering business. Then after ten years, I decided to sell out to my partner, leave England, and start a new career as a stockbroker in Guernsey.

      Ever since leaving the sea, I had wanted to become a stockbroker, but London was virtually a closed shop, especially to someone of my age with no previous experience in the finance sector.

      In 1969, England was in an economic downturn thanks to

      Enjoying the preview?
      Page 1 of 1