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Growth Portfolio 3 - August '23

August 2023

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 slightly better early part of the month for small company shares, although as I write Fitch has just downgraded the US debt rating, trigging a few jitters. But the signs are that CPI data on both sides of the pond has been moderating as the cumulative rate rises take effect. Food inflation is down for the first time and mortgage rates have fallen back and all this is now favouring a bullish sentiment towards risk assets. Volumes are very thin in most shares causing plenty of volatility. Although house prices may still drop with the afterburn of rising rates, all the evidence (eg. Barclaycard spending data and my calls with companies) is that for the first time in 14 months, June saw growth in spending on the DIY and home improve ...

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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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