ON THE MONEY: Don’t be afraid to take a chance when others are running for the hills, says ALAN STEEL “When you say to yourself -‘what if?’ it’s typically short for ‘what if it goes wrong?’ which in turn means ‘it will go wrong’. And that’s the most common reason why so many never take […]
Getting the measure of a market index
ON THE MONEY: Stop worrying about the rise and fall of a table of shares, says ALAN STEEL “There are two kinds of worries- those you can do something about and those you can’t. Don’t spend any time on the latter” Duke Ellington “Since 1916 the Dow Jones Index has made new all-time highs less […]
Slim pickings should prompt early action on your retirement plan
ON THE MONEY: Don’t wait for interest rates to rise any time soon, says ALAN STEEL When I get olderLosing my hairMany years from nowWill you still be telling me my income’s fineEnjoy meals with a bottle of wineWill you still need meWith enough dosh left to feed meWhen I’m 84? (apologies to The Beatles) […]
Don’t let bad news ruin your investment plan
ON THE MONEY: Alan Steel says it rarely pays to listen to gloomy warnings “Always remember: problems don’t come to stay. They come to pass” – Mike Williams “Investing should be more like watching paint dry or watching grass grow. If you want excitement take $800 and go to Las Vegas” – Paul Samuelson I […]
Bubble trouble, halve or double?
ON THE MONEY: Alan Steel says the sentiment swingometer points towards team performance, rather than individual players “The greatest truth about markets is it’s not what you think you know that matters. It’s what other people collectively think they know that counts” – Bill Blain “Explanations exist. They have existed for all time. There is […]