Understandably Mr Bidens main preoccupation is to defeat Covid which is likely to have killed more American lives than both world wars by the end of February. Although in theory.
Read moreMonday Musings 24/08/2020
Some of you may have seen the film Shakespeare in love, I would like to take a part of the dialogue as my staring point this week.
Phillip Henslowe: “Mr Fenyman, allow me to explain about the theatre business. The natural condition is one of insurmountable obstacles on the road to imminent disaster”
Hugh Fenntman: “So what do we do?”
Philip Henslowe: “Nothing. Strangely enough, it all turns out well”
Fennyman: “How?”
Henslowe: “I don’t know it’s a mystery”
Some of my long term readers may recall I used the last sentence some time ago when discussing our friends in mainland Europe. I am using it this week to talk more generally about investing in the Stock Market. I would like to take as my lesson the S&P 500. The index hit a record high rose to an all – time high this week even though there was plenty of data such as the rise in folks signing on for unemployment benefit. The answer is probably that the rise in the stocks of just five members of the index, Amazon, Microsoft, Facebook and Alphabet (Google) rose by 37% while the other 495 stocks fell by a combined 6%. This is of course the week in which Apples value passed $2trillion.
The point of the lesson is that although Covid19 is still causing havoc in all areas of our lives as far as investments are concerned the great Fund Managers that we follow are working hard to find the growth stocks to include in their funds which in turn will bring growth to our portfolios and in turn your investments.
So, without wishing to contradict Henslowe, it’s not a mystery it’s all about well-balanced portfolios
So to the markets –
Having been on this mortal coil for many years I am going to have it “put in my arm” this coming Friday. This is first time in many years I.
Read moreWe had two winners in last weeks competition, Mr KF from Southampton and for the second time Mrs MD from Lyndhurst they will both be receiving a luxury hamper shortly..
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