The love affair: Impulse or investment…..Romance or a fling

During the last couple of years the world of personal technology has been harassed by the need for smartphones and tablet computing.

I always imagined saving my hard earned cash to invest in prestigious cars and property, sustaining a way to have a better standard of living. This is what my parents did and who else was I to learn from (There was no such thing as YouTube back then)?

The world we live in today is saturated with impulse purchasing and clever marketing, however do you recall hearing two teenage girls talking about the current exchange rate or the price of crude oil? I ask these questions because in order to nurture an economy and increase disposable expenditure, the opportunists amongst us need to become more innovative and entrepreneurial.

Take investing in Art as an example.

Whether it is for recreational or commercial purposes, this has become that of an interesting discussion point more recently.

Most people, that want a change for the next generation, are sick and tired of hearing the majority of people complain that the ‘Rich get richer…. and the poor get poorer’. If this notion is treated like an attitude rather than a tragedy, we can change their way of thinking to encourage a brighter and more fruitful future for our economies.

In order to keep on purchasing the latest ipad every 6 months and drive the latest Audi, new avenues must be explored.

Purchasing on credit and earning interest from your bank account just isn’t an option for many at the moment and taking a good look at the past could reveal the secrets to a better future.

Take a leaf out of the book of a great man, Winston Churchill once commented “There is no finer investment for any community than putting milk into babies”. With that in mind would you be surprised to hear that Picasso’s ‘Garcon a la Pipe’, painted in 1905, was first sold to John Whitney in 1950 for $30K? That is an incredible profit on its own from the artist’s point of view, however that investor then went on to sell that very same painting 54 years later for a staggering $104,168,000, returning an appreciation of over 64 times the purchase value for each year.

Garcon+a+la+Pipe+painting+by+Pablo+Picasso

(image courtesy of mirror.co.uk)

During the interlude of sale and purchase, these types of paintings can generate a very healthy salary for the investor by displaying them in well known galleries across the world. Seem too good to be true? Sometimes it is, but a true entrepreneur will follow their instinct.

Although capital is difficult to get hold of at the moment, the opportunities are still there and perseverance fueled by a thorough understanding of fine art could change your life forever. Reassess your goals, decide what you need to be productive rather than what you want, and make a change today.

Luxury Acquisitions

Sources – www.funofart.com

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Is Britain Still A Centre of Innovation For Engineering?

The birthplace of the Industrial Revolution, Britain has been at the forefront of some of the most important developments in engineering history, from tunnel building to the suspension bridge, the steam engine to radio. In recent decades, it has seen its star fall as countries like Germany and Japan have taken the lead, but British innovation remains strong, and if you’re thinking about a career in engineering, it’s a great place to be.

Three leading sectors

As in every industry, some sectors are stronger than others. These are three of the most interesting areas of engineering in which to get involved in Britain.

  • Renewable energy – With a lot of money now going into projects aimed at harvesting wind, solar, tidal and biomass energy, this is an exciting area in which to work. It is attracting both state and private interest, and companies are also looking at possibilities around renewable heat and transport. Offshore wind is the strongest area, with large new North Sea wind farms currently in development.
  • Automotive engineering – After a long slow period, the British automotive industry is now on the rise, with Rolls Royce, Jaguar and the BMW group all turning healthy profits. A rapidly changing industry, with safety and environmental concerns as well as advancing computer technology all reshaping what consumers want, means there are lots of opportunities for innovative engineers.
  • Aerospace engineering – Prospering even during the recession, the UK’s aerospace industry has remained buoyant, with Airbus and BAE systems both taking on more engineering staff whilst Boeing and Thales Group also offer opportunities. The sector’s strength lies in its ability to produce almost every component the industry needs, and recent government help to strengthen the supply chain is enabling it to build in still more resilience. 

Case study: Meggitt

Some of Britain’s strongest engineering companies work across a number of different sectors, maximising their crossover potential, and Meggitt is an example of this. Emerging from the merger of a machine tool business with a general engineering company in the 1960s, it went from strength to strength and is now a key player in the aerospace and energy sectors, with an impressive reputation for developing sensory systems. In December last year, it won something of a coup by persuading Sir Nigel Rudd to head up its defence and aerospace board. Sir Nigel has now joined the board at Meggitt and has boosted expectations of the company even further.

The future of British engineering

Engineering is currently worth £1.17tn to the British economy, but it is 9% ahead of where it was at the start of the recession. The only real worry in the industry is that it’s growing faster than the supply of new talent can keep up, so if you’re an ambitious young engineer willing to work hard, your country needs you! Female engineers, who currently make up only 36% of the workforce, are in particular demand as companies aim to be more equal. The world is changing, and it’s today’s young engineers who will develop the systems and build the wonders that will thrill visitors to Britain in the future.

 

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