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The Growth Portfolio 3 - January 2022

January 2022

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.

The FTSE-100 and Dow have set off higher and small caps are playing catchup. However, we still need to get through a period where many companies will be reporting on gross margin headwinds as a result of elevated freight rates and raw material cost inflation. I spent most of my December break condensing and collating meeting notes and the CEOs I spoke to seem a bit divided on how transitory inflation will be and how quickly supply chain pressure can ease. Consumer borrowings on credit card debt have also risen to their highest level in a year; this reflects a more confident, pre-pandemic pattern of borrowing but some are borrowing in order to offset higher costs of living. Therefore, I don’t think there will be a quick return to the rip ...

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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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