A ftse tracker from when Truss made it dip to now would be 15 percent up - I even set up 4 funds to watch and put money in, then got busy and didnt.
Doh.
I see lots of positivity for 2023 inc crypto
I would honestly love to see how the 'cuntstock' performance compares to the ESG-gold-star-ethical-sustainable organisations.
For crypto I reckon another six months of sideways before we see much change maybe in second half of the year, bear markets are usually 12-24 months and it was a slow decline over 2022, so we're still a while to go.
From an investment perspective 2022 was a tough year. Global markets fell in January and spent the rest of the year in negative territory against the backdrop of higher inflation, the war in Ukraine and a cost of living crisis.
With even the traditionally more cautious classes such as gilts, corporate bonds and property suffering sharp falls, it is no surprise therefore that all client portfolios fell in value.
The one bright spot for the year was the FTSE 100 which benefited from its higher exposure to oil, financial and mining companies.
It’s easy to get caught up in all the doom and gloom around the economic outlook, but markets are forward looking and we are getting closer to the turning point and the start of a new bull market.
A bull market is a period of rising share prices defined when values have risen by more than 20%. A bear market is the opposite and is what we have been in for over a year now. Bear markets are always followed by bull markets. Bear markets on average last around a year and a half whereas bull markets last for 5-6 years.
The foundations for a market recovery are already in place with inflation appearing to have peaked both in the US and the UK. There may be further volatility to come (both up and down) in the first half of this year as the impact of higher interest rates and inflation on corporate earnings become clearer along with China’s ability to deal with its Covid related challenges.
However, there is very good reason to believe that by the time we get to summer, the outlook has significantly improved and this reflects in asset values.
So, whilst we have no crystal ball, it is our view that we will end the year in a better place with portfolio values looking healthier. This will then hopefully be the start of a long period of rising values, and time for the bear to have an extended hibernation!
RR have had a really good week and my Crypto is slowly improving so it’s a great start to the year.
I’m looking at more companies involved in the switch to electrification, it’ll be a massive growth market. Even a place in Cornwall have extracted Lithium from local mines, people are experimenting and it’s great.
V8Granite wrote: Sat Jan 14, 2023 11:16 am
RR have had a really good week and my Crypto is slowly improving so it’s a great start to the year.
RR and Bentley have announced record profits recently. Shows the state of the world when many are struggling more than ever.
The RR shares are mainly dictated by aero and marine power systems. I read somewhere that engine running hours are back at 65% of pre Covid levels and running hours make up 50% of the RR aero profits.
I have an issue with reporting of success as they seem to focus on the short term results. In context for example BP fell from 6 quid to 2 and have halved their dividend. The company was on its knees for 2 years with c19 yet as soon as they start to pick themselves up everyone is wanting to tax them to the hilt. Now, don't get me wrong we are being absolutely ripped off with fuel etc right now but over the short term they probably didnt make record amounts as you would read or listen to in the msm.
And there is the elephant - msm seem more bothered about Harry or some other triviality rather than facts. Brexit was meant to be absolutely shocking for the british economy yet the ftse is a smidge off its ALL TIME high - how can this be if the UK is doing so badly?
Anyway I digress, Eth up 26 percent ytd - might even break even soon
Broccers wrote: Sun Jan 15, 2023 11:27 am
And there is the elephant - msm seem more bothered about Harry or some other triviality rather than facts. Brexit was meant to be absolutely shocking for the british economy yet the ftse is a smidge off its ALL TIME high - how can this be if the UK is doing so badly?
Broccers wrote: Sun Jan 15, 2023 11:27 am
And there is the elephant - msm seem more bothered about Harry or some other triviality rather than facts. Brexit was meant to be absolutely shocking for the british economy yet the ftse is a smidge off its ALL TIME high - how can this be if the UK is doing so badly?
See my previous let them eat cake comment.
All that money certainly isn’t trickling down.
It depends who you speak to - I know many that are doing well, they just don't shout as loudly as those who aren't. And to be honest misery is far better news than success it seems in the UK.
) but even I'm starting to feel that way these days.
