Trying to second guess what markets will do is, five times out of ten, a no-win. In other words, you’re as likely to be wrong as you are right about what’s coming and how long it may take to come. That’s especially the case when you’re looking at a specific market or part of a market and, as I’ve often said, of all the guys paid big bonuses in the City and elsewhere to work out winning investment strategies (or second guess), only half get it right at any given time. You can, however, be sure that what goes down will go up and vice verse and, in the case of investments, they go up more than they go down or none of us would bother. By the time you read this, another Trump Tweet could have sent things in either direction but, in the words of Roxy Music (kids etc.), nothing lasts forever, it never could. And, more pertinently, in the words of soon-to-retire investment guru Warren Buffet: ‘When’s the right time to invest? When you have money to invest’.
“Pensions minister: ‘we have created saving pots, but not a pension system’”
The OBR (Office of Budget Responsibility, as opposed to the OBI, often said to be housed in No.11) said this week that pensions were one of the biggest problems to be faced by this and future governments.
