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• #How to make something small caps in word 2016 professional

with legal obligations wrapped around it.

#How to make something small caps in word 2016 professional

The cynical answer is that they are the junkiest of junk bonds – pseudo-corporate bonds issued by companies so risky that professional investors wouldn’t touch them with a barge pole taped to a barge pole.Ī mini-bond – like any corporate bond – is effectively an I.O.U. That’s my main defence out of the way! (One can easily argue that it’s still 1% too much.) I don’t have a vast amount of money in mini-bonds.

Things like my (mini) mini-bond portfolio. More on those another day.Īnd then there are things that are really risky, silly, or unjustifiable – or all of the above. Illiquid/unlisted equities lurk outside, too. Usually these are lumped into my house deposit in my thinking, but sometimes I judge they’re too precious for that. I also keep my NS&I index-linked certificates to one-side. Rather it’s for time horizon and real-life reasons. Who knows if I’ll ever buy my white elephant, but I don’t want this six-figure sum dragging on my portfolio’s returns, since I’m not sitting in cash for reasons of investment judgement.

These assets are part of my net worth, but for various reasons I don’t include them in my tracked and benchmarked investment portfolio.įor instance, I’ve socked away a big chunk of cash for a house deposit. However, I’ve also got what we might call ‘off-spreadsheet items’. My active investing exploits make sense to me, and whether or not they’d find my decisions advisable, investors like Warren Buffett or Neil Woodford would recognize what I was doing, were they unluckily enough to be trapped in a lift with me and my laptop. Having started my investing journey as a more or less passive investor, I’ve sinned, sinned, and sinned again. When The Accumulator opened his Investing Confession Booth a few years ago, I didn’t know where to look.