Synchronised Global Economic Growth & Stock Returns

There is a wide consensus that in 2017 we have witnessed a broad based global economic pick-up. This has been accompanied by all major equity market indices posting strong gains with many hitting new highs. Emerging markets, Europe, the US and Japan have led the way. However within markets there has been a wide dispersion of returns. Leading UK fund …

Investing and Investment Planning – Art, Science, Gambling or Gardening?

For my final investment blog post of 2016 I want to change tack from the usual technical analysis and market commentary and address the more philosophical aspects of investing. The key question is this. Is investment planning and advice on investments an art or science? Should I be going to the Tate Modern for inspiration or the Science Museum and …

Debt Mountain Danger

As you are no doubt aware, in the UK although the deficit has been falling since 2010, debt has risen. This is simple maths. Until the budget returns to surplus i.e. the government earns more than it spends, UK plc will have to borrow more to fill the gap and total national debt will continue to rise. Recently I have …

Woodford Beaten by a Machine

A few weeks ago I came across an article in the finance section of the Daily Telegraph online. It read “Man v Machine – How Neil Woodford was beaten by a computer.” Naturally as a supporter of Woodford, one of the very best UK equity managers the headline piqued my interest. As you may be aware Woodford managed highly successful …

Is Active Fund Management Worth Paying For?

Fidelity Investments have recently cut charges on their range of very low cost index tracker funds undercutting their rivals and raising again the old chestnut, is it worth paying extra management charges for a fund manager to actively select stocks compared to buying a low cost index tracker? To remind you index trackers and Exchange Traded Funds (ETFs) are passive …