+972-9-9611-300

Blog

Reviews. Commentaries. Opinions.

Articles tagged with: brexit

2019 Half Year Review

2019 Half Year Review

2019 half year summary & predictions

I have just returned from spending two days with Pimco in London at their annual conference for investors. Pimco is one of the largest bond specialist firms in the world with an incredible depth of resources. The audience consisted of investment professionals from Europe, and it was apparent that everyone had come to hear not only Pimco’s macro-economic view, but also to clarify just how concerned we, as investors,  should be and what changes we should be making, if any, in the current circumstances.

It was an exceptionally high-level discussion and I will try to share some of the messages with you below. An interesting aspect of the investment world is how different personalities gravitate towards different asset classes. Optimists gravitate towards equities, pessimists to bonds and those with perhaps a tad too much hubris towards hedge funds. Pimco is a firm specializing in bonds. They ooze caution through the air vents. So whilst they were professionally non-committal about whether we are heading towards a cyclical change and/or recession, or not, they did an excellent job trying to identify whether there are any relevant signals now. The bottom line is no panic signals but elevated levels of caution looking into 2020.

Q1 2019 Global Market Review

Q1 2019 Global Market Review

Markets are strong: sell down and take profits or remain loyal to your asset allocation?

When markets are going up strongly as they did in Q1 2019, no one asks tough questions and most investors focus on other aspects of their lives. Strong markets make our jobs as wealth managers easier. The main question being posed on a daily basis is should we sell down and take profits or remain loyal to our long-term plans and beliefs. This is a valid and serious question, which is worth the debate. Last year, January 2018 was a strong month and the rest of the year was negative, particularly February and the 4th quarter. One has to ask the question if the gains from Q1 2019 are likely to be given up later in the year or not.

 Brexit and Corbyn: What should an investor from the UK do?

Brexit and Corbyn: What should an investor from the UK do?

A hard Brexit or a sharp fall in the value of sterling?

Winston Churchill once said of the British that they are a unique nation as “they are the only people who like to be told how bad things are.” The view of many experts these days is that it is difficult to accurately convey how much worse the financial situation could get for the UK in the coming years.

2017 Half Year Review

2017 Half Year Review

2017 half year summary & predictions

It has been a year since the Brexit vote. It is counter-intuitive that with the seemingly ever-increasing political uncertainty we have such strong positive market tailwinds. I remember very clearly taking phone calls from nervous investors who feared a repeat of 2008 due to the surprise vote. We recommended staying invested and undeniably, that was the right thing to do. If there is one thing I have learnt over my 17 years in the wealth management industry, it is that when the market is the scariest and the newspapers are using the most sensationalist fearful headlines - it is the time to buy, not sell.