With events moving almost hourly and Brexit continuing to dominate the headlines, it’s reasonable to assume that it might cause anxiety for some investors. Ovation’s Investment Manager Bob Mills takes a look at the markets and looks at how concerned we should be from an investment perspective.
This time last year I was trying to put together a communication entitled “Let’s not be frightened of bears”.
It was written partly in response to a somewhat cavalier warning from a well-known financial institution that investors should sell all their equities and invest in bonds; admittedly the article worked the metaphor quite hard, but it also contained a serious message about holding one’s nerve during the bear market* we were experiencing at the time.
Bears sometimes get a bad press, and yes they can be dangerous. When faced with a real bear in the wild it can be a really bad move to run away, no matter what your emotions tell you. Much better to stay perfectly still, hold your nerve and wait for it to walk back to … Continued