More fuel to the ‘active or passive’ fire, much rehearsed on these pages. Black will argue blue that, yes, of course passive funds did better last year. When everything’s going up it’s easy, you just follow the stock market index. We’ll have our day, say the active managers, when the going gets tough. Many or most thought it would last year, so reduced their investments in the US stock market and AI shares and as a result missed out on most of the growth. And the ‘mix and match’ approach, where a fund manager moves money around between passive funds or portfolios include both can be equally hit and miss. Our thoughts and those of many are that the passive approach is proven through both thick and thin now, hang on in there and they usually win. But if you want to be specific in your aims, particularly ethically and responsibly, you do need someone to make the choices.
Budget Rumours and Possibilities
The Budget Rumour Machine is not the shambles it was last year. Before Rachel’s Swansong all sorts of stuff was leaked to see what sort of puddle it would create.
