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Market Comment - December '18

December 2018

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.

Reflecting on 2018, I couldn’t move beyond the idea of peaks. It’s always dangerous to call even one peak – the scope for egg on your face in a year’s time is very high!Nevertheless… There probably was not peak “Brexit hysteria.” Nor peak “voter discontent” throughout the Western world – the unhappiness we’re seeing is not about Trump, nor Brexit, nor the impact of those nasty bankers in 2008. Those are symptoms but not causes.   It’s about debt, demographics and the impact of technology. The first two certainly aren’t going away and have been at play for at least the last two decades.Peak Dow. The peak was 26,951 on 3 October.  This ...

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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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