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Market Comment - April '17

April 2017

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

A debate has been raging in recent days in the FT about the valuations of US equities, the one global market we cannot ignore even if our focus is U.K. small caps. We don't need to go over the numbers again but the market would have to fall by 40% just to hit the long term average.On the other side of the argument, the point of US investment analyst Ken Fisher is that this is scary hype, and everyone should stay invested - no withdrawing to the side-lines when it looks frothy (which currently is based on much more than CAPE), even to protect considerable profits.But there are two problems with his view.  First, few people have the stomach or the discipline to stay invested at all times – most who stay invested ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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