Jon Smith
@bigsmallmoney.bsky.social
Investment professional, finance blogger. Helping people make better decisions for their financial future. Opinions my own, not financial advice. Read my blog at bigsmallmoney.com.
Should you pay down your mortgage? bigsmallmoney.com/2025/09/07/s...
Should you pay down your mortgage? - Big Small Money
This post looks at what leverage means for individuals and the pros and cons of paying down your mortgage.
bigsmallmoney.com
September 9, 2025 at 8:04 AM
Should you pay down your mortgage? bigsmallmoney.com/2025/09/07/s...
Leverage and the 2022 gilt crisis bigsmallmoney.com/2025/08/21/l...
Leverage and the 2022 gilt crisis - Big Small Money
n this post we will look at the risks associated with using leverage. We'll also deep dive into the 2022 gilts crisis, which ultimately led to the end of the Liz Truss premiership.
bigsmallmoney.com
August 21, 2025 at 8:01 PM
Leverage and the 2022 gilt crisis bigsmallmoney.com/2025/08/21/l...
An introduction to leverage bigsmallmoney.com/2025/08/08/a...
An introduction to leverage - Big Small Money
This post describes what leverage is and how it works. Its also explains how institutions and individuals might use it.
bigsmallmoney.com
August 8, 2025 at 10:02 AM
An introduction to leverage bigsmallmoney.com/2025/08/08/a...
Time horizon-based investing bigsmallmoney.com/2025/07/30/t...
Time horizon-based investing - Big Small Money
Time horizon-based investing is a way that individual savers can align their investment strategy with their payment obligations.
bigsmallmoney.com
July 30, 2025 at 9:03 AM
Time horizon-based investing bigsmallmoney.com/2025/07/30/t...
Liquidity waterfalls bigsmallmoney.com/2025/07/21/l...
Liquidity waterfalls - Big Small Money
I this post I will explain how institutions like pension funds construct liquidity waterfalls, and then give a real life example.
bigsmallmoney.com
July 21, 2025 at 10:08 AM
Liquidity waterfalls bigsmallmoney.com/2025/07/21/l...
What causes investments to be illiquid bigsmallmoney.com/2025/07/14/w...
What causes investments to be illiquid - Big Small Money
Liquidity refers to how quickly and cheaply an investment can be sold. In this post I explore three reasons why investments can be illiquid.
bigsmallmoney.com
July 14, 2025 at 12:16 PM
What causes investments to be illiquid bigsmallmoney.com/2025/07/14/w...
New post up ⬇️.
Liability matching: when what you own behaves like what you owe bigsmallmoney.com/2025/06/23/l...
Liability matching: when what you own behaves like what you owe bigsmallmoney.com/2025/06/23/l...
Liability matching: when what you own behaves like what you owe - Big Small Money
Liability matching is when an investor’s assets behave like their liabilities. This post explores why this matters and how it's done.
bigsmallmoney.com
June 23, 2025 at 5:29 PM
New post up ⬇️.
Liability matching: when what you own behaves like what you owe bigsmallmoney.com/2025/06/23/l...
Liability matching: when what you own behaves like what you owe bigsmallmoney.com/2025/06/23/l...
New post up ⬇️.
Constructing an investment portfolio using optimisation bigsmallmoney.com/2025/06/02/c...
Constructing an investment portfolio using optimisation bigsmallmoney.com/2025/06/02/c...
Constructing an investment portfolio using optimisation - Big Small Money
Constructing an investment portfolio for clients, beginning with portfolio optimisation.
bigsmallmoney.com
June 2, 2025 at 5:38 PM
New post up ⬇️.
Constructing an investment portfolio using optimisation bigsmallmoney.com/2025/06/02/c...
Constructing an investment portfolio using optimisation bigsmallmoney.com/2025/06/02/c...
A little knowledge can be a dangerous thing. Investors, like everyone else, are prone to overestimating their ability once they have a small amount of knowledge or expertise.
Read more in this post ⬇️
The overconfidence trap bigsmallmoney.com/2025/04/15/t...
Read more in this post ⬇️
The overconfidence trap bigsmallmoney.com/2025/04/15/t...
The overconfidence trap - Big Small Money
A little knowledge can be a dangerous thing. Investors, like everyone else, are prone to over estimating their ability once they have a small amount of knowledge or expertise. In this post we will exp...
bigsmallmoney.com
April 15, 2025 at 3:48 PM
A little knowledge can be a dangerous thing. Investors, like everyone else, are prone to overestimating their ability once they have a small amount of knowledge or expertise.
Read more in this post ⬇️
The overconfidence trap bigsmallmoney.com/2025/04/15/t...
Read more in this post ⬇️
The overconfidence trap bigsmallmoney.com/2025/04/15/t...
This is interesting/ worrying.
April 7, 2025 at 2:01 PM
This is interesting/ worrying.
How to do your homework on an investment (Part 2) bigsmallmoney.com/2025/04/06/h...
How to do your homework on an investment (Part 2) - Big Small Money
In this post we'll continue to explore how to do the homework on an investment, using a checklist called SYSTEM T.
bigsmallmoney.com
April 7, 2025 at 9:19 AM
How to do your homework on an investment (Part 2) bigsmallmoney.com/2025/04/06/h...
How to do your homework on an investment (Part 1) bigsmallmoney.com/2025/04/02/h...
How to do your homework on an investment (Part 1) - Big Small Money
Whenever we are considering making a new investment, we need to do our homework. In this post we introduce a checklist called SYSTEM T.
bigsmallmoney.com
April 7, 2025 at 9:19 AM
How to do your homework on an investment (Part 1) bigsmallmoney.com/2025/04/02/h...
In this post ⬇️ I explore what causes the cost of government borrowing to change, why the government can’t fully control this and why this matters for institutional investors and everyone else.
The government can’t control what it pays to borrow. Why this matters bigsmallmoney.com/2025/03/30/t...
The government can’t control what it pays to borrow. Why this matters bigsmallmoney.com/2025/03/30/t...
The government can’t control what it pays to borrow
The government can’t control what it pays to borrow. When the government spends more than it receives in taxes, it needs to borrow money to make up the difference. Like everyone else, the interest rat...
bigsmallmoney.com
April 7, 2025 at 9:18 AM
In this post ⬇️ I explore what causes the cost of government borrowing to change, why the government can’t fully control this and why this matters for institutional investors and everyone else.
The government can’t control what it pays to borrow. Why this matters bigsmallmoney.com/2025/03/30/t...
The government can’t control what it pays to borrow. Why this matters bigsmallmoney.com/2025/03/30/t...
A market crash on the first working day of a new financial year. Many would have been planning to add to their equity portfolio to take advantage of their new set of annual allowances.
- Think long-term if you can. Markets usually rebound
- Don’t try to time the market
- Think long-term if you can. Markets usually rebound
- Don’t try to time the market
April 7, 2025 at 7:12 AM
A market crash on the first working day of a new financial year. Many would have been planning to add to their equity portfolio to take advantage of their new set of annual allowances.
- Think long-term if you can. Markets usually rebound
- Don’t try to time the market
- Think long-term if you can. Markets usually rebound
- Don’t try to time the market
New post on Big Small Money. How institutional investors think about value ⬇️
What is a promise worth? bigsmallmoney.com/2025/03/25/w...
What is a promise worth? bigsmallmoney.com/2025/03/25/w...
What is a promise worth? - Big Small Money
What is a promise worth? One of the cornerstones of institutional investing is that the value of a promise depends on how soon it will be paid and how certain we are of receiving it, as well as its po...
bigsmallmoney.com
April 7, 2025 at 6:06 AM
New post on Big Small Money. How institutional investors think about value ⬇️
What is a promise worth? bigsmallmoney.com/2025/03/25/w...
What is a promise worth? bigsmallmoney.com/2025/03/25/w...