RE: One step forward...23 Dec 2024 10:47
Can't disagree with any of that, DTP - the problem, as always, is the timing element, as we know.
The US mkt has never been higher, with their tech stocks exceptionally so. Any major setback will almost certainly undermine sentiment towards all equity mkts - the 'bond proxies' for now, like Serica, look likely to be more resilient than most alternatives, I'd say, other than cash on deposit, pending redeployment, of course...
I'd like to think that the sp's surely near the basement now - even if the divd is halved next time (which I don't expect to be seen, myself) the yield of some 8.75% would still be twice the FTSE 100 average which is something, if nothing else!
We need the BoD to do more than just confining us to the NS / hoping for some respite from the 'anti business' policies that Starmer's Govt is pursuing through ignorance of what economies rely on to generate the wealth the nation needs.
Anyway, have a good Christmas all and hoping 2025 will be a good deal more productive overall than this outgoing one - sasa.