‘Pack up your troubles in your old kit bag and smile, smile, smile…’
The world today feels like a troubled place, with populism on the rise, Donald Trump in the White House, Kim Jong-un with his finger on a nuclear button, the looming Brexit cliff edge and the prospect of higher, even punitive, taxation of a Marxist-inspired Chancellor-in-waiting. We risk getting things out of perspective; it has always been thus. Remember, bad news hits the headlines, whilst good news is often boring and unsensational. Experts, pundits and reporters all dabble in futurology (trying to second guess the future). Remember too that all news – good and bad – is already reflected in the price of the investments that you own. A well-structured portfolio allows you to pack away your troubles (well, at least those that relate to the markets).
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