By Alan Steel
The one man I know who actually did accurately predict the 2008 financial crisis, Joe Kalish of Ned Davis Research (NDR) – and before you ask I didn’t listen to him either – believes this isn’t time to rush into caution.
In 2008 he recommended only holding 40% in equities. Today NDR still suggests 65% exposure.
And what’s reassuring is long haul successful fund managers like Neil Woodford and Carl Stick agree.
In a couple of client rooms we have a picture of two peaks with a valley between. On the first peak are the words “Greed/Buy”, in the valley “Fear/Sell”, and on the second peak “Repeat Until Broke”.
Stop reacting to short term headlines and the opinions of pundits and journalists.
Successful investing is a long game. And only the long survive.
Read this – There’s Something Odd Going On It’s from Alan Steel and gives a fuller picture of the article above.
Then do this – Make sure you don’t miss these signposts. Sign up to get HNW Magazine sent to you every week. It’s free, it’s easy and you can do it right here.Follow HNW here - For the life you want to lead...