The September edition of the Master Investor magazine was largely dedicated to an examination of how likely interest rates were to rise, and what would be the consequences of a rate hike for your portfolio. I argued in my contribution that waiting for interest rates to rise was like Waiting for Godot. We might wait…
Rolls-Royce shares at 513p following the trading statement. The explanation of the latest downgrade (they come in threes like buses) is still a bit obscure and needs further explanation. However, I feel the shares are good value longer term and once the short term mists have lifted, will be an appropriate addition to a long…
The equivalent to cheap money is expensive “everything else”. When money is made abundant while the stock of assets is held constant, inflation must pick up. But the higher prices do not always come in the form central banks wish for… There are so many things money can buy. A watch, a pack of beer,…
Once again, Jim Mellon will be one of the star speakers at the Master Investor Show. Here are the reasons why private investors benefit from hearing Jim’s presentation and meeting him in person. Proven track record of identifying big trends: 1990s: Investing in emerging markets (up more than 10 times). 2000s: Investing into German property (went up 5 times). 2010s: Early investor…
I often have a look at the FT to see what’s good for a story. I can’t help noticing today that the number of negative stories far outweighs the positive ones. Top of the list today is Rolls Royce plc (RR.). Now I’ve written a few times about the profit warnings they’ve issued over recent…
Following a quiet summer period for initial public offerings (IPOs) the London new issue market has now come back to life. October saw seven new companies join the main market of the London Stock Exchange, raising a total of just under £1.65 billion. So far this year £6.1 billion of new money has been raised.…
Terry Smith’s Fundsmith Equity fund recently passed its fifth anniversary. Over the last five years it has returned 115.9%, which puts it in third place out of the 203 funds in the Investment Association’s Global Sector. This impressive performance has helped it to attract £4.1bn of assets under management. Smith is an outspoken critic of…
There’s a popular myth that you can’t read the right hand side of a chart. Of course there is no precognition, we know that from science, but it’s hardly a blank page! The first thing you know is that a trend is more likely to continue than change from one day to the next. That’s…
By Dom Wolf, Co-founder of investUP – the crowdfunding supermarket Hot of the press research by the Yorkshire Building Society (YBS) suggests that around 405,000 ISA savers could choose to use crowdlending (P2P), as it becomes part of the ISA family in 2016. This marks a huge number of people entering into the crowdlending market.…
For Standard Chartered bank at 600p (last seen) the Sands of time run out as Winter arrives. Are things as bad as they look or is this really the bottom? This has been the fortnight of Asian bank reporting. We have just had the third quarter results from HSBC (HSBA) which were well received by…
