DIY Investor Magazine
/
March 2016
48
Q&A
IN CONVERSATION WITH DIY INVESTOR
Artisan Baker Invests as he Kneads the Dough
Richard Hutley, 52, worked for many years in the
Oil Industry. Just recently he gave it all up to follow
his passion and become a baker. His new artisan
business Lazy Bakery, based in Rye, East Sussex, has
already gained a great reputation with frequent media
coverage.
DIY Investor Magazine asks him about his attitude
towards savings and investments and if the launch of
has impacted on his investing.
1. HOW LONG HAVE YOU BEEN A DIY INVESTOR?
In various ways, off and on for quite some time;
when ISAs were first introduced I mixed and
matched with Cash and Unit Trust ISAs and as
my disposable income increased in recent years
expanded into individual shares and funds.
2. WHAT TYPE OF INVESTOR ARE YOU?
I’ve definitely moved into cautious territory. I’ve
recently given up my job in the Oil Industry to
become a self employed baker so with my drop in
income I can’t afford to be quite so buccaneer with
my savings!
My investments are now spread across various
funds, with a fairly even mix veering to the
conservative end. I’ve also moved some of my
money out of the market into peer to peer lending to
give me a balanced risk approach.
3. WHAT ARE YOUR KEY CONSIDERATIONS
WHEN MAKING AN INVESTMENT?
Don’t lose money! Given my change in situation
I can’t afford to be too cavalier, baking does
not bring in as much as The Oil Industry so my
investments now are pretty much it, they have to
make themselves pay without much chance of
topping them up in case of losses.
4. ISA OR PENSION?
Always been both, I have been lucky in that all the
companies I have worked for over the years have
contributed to pensions for me, I was a little late
in adding my own contributions but have been
catching up in recent years - especially as my last
company had a salary sacrifice scheme which
maximised the value of my contributions by taking it
before tax or NI had been taken.
I’ve also made a point of not combining the various
schemes in order to spread the risk between the
various investment companies and avoid putting
all my eggs in one basket! Re ISAs, be it cash or
investment ISAs they have been the cornerstone of
my non-pension saving.
MY BEST INVESTMENT WAS NOT AN INVESTMENT AS
SUCH BUT MOVING COMPANIES TO ONE WITH A FINAL
SALARY PENSION SCHEME FOR A GOOD FEW YEARS!
