The great equity debate continues
All the while that this debate has been going on the market has risen…for anyone who invested at the low in Nov/Dec last year there has been a 22% return from the ALSI already…
I think there is a danger of throwing the baby out with the bath water here…equities are the most likely asset class to give you real returns over the long term…but they can be very volatile in the short term…and so the best way to think of them (in my opinion) is like the brilliant Heineken advert where the young techie “hikacks” the space probe and converts it into a bar counter with a Heineken on it…when asked “Now what?” He replies…”Now we wait…”
Same with equities…we invest and then we wait!