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Market Comment - March 23

March 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.

Last month opened with an encouragement to look at market conditions, and not be unduly seduced by the handsome profits of the first month of 2023. There are no good or bad markets. There are just conditions for which you are unprepared. It is similar to there being no bad weather, just poor clothing choices. We were able to forecast that February would likely be a less exuberant month. It was not a prediction, but rather a likelihood based on an observation of what we might call “the bleeding obvious.” This does not rely on a single issue – the obsessions for many have been inflation or predicting recessions. The latter are undoubtedly of interest, but looking at the market itself is more fruitful. What are valuations in o ...

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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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