Thank you CR for the very interesting read, it's always good to medicate with a dose of your positivity. You started with the macro picture, and while there's nothing we mortals can do about it, do you see any danger over international issues, Ukraine or more specifically Communist Russia for example? There's also an election you'd think was already in full swing coming later this year across the pond. I suppose what I'm wondering is how much attention you pay to macro beyond the UK itself, and whether you remain fully invested or hold some cash back for the next panic in the markets? Thanks as always, TEIN.
I've learned over time that there isn't much you can do to predict or avoid the macro. Like Covid, somehow we get through it. When the macro looks more bleak I gently reduce and as things improve I gently increase. We know it's Trump or Biden, we've live through both before. We seem to have Labour in government as a nailed on, Ukraine and the Middle East is now priced in imo. There may be something else that appears that none of us know about yet but you can't stay under invested just in case that happens imo. So for me, all the bad is priced in that I can foresee. All you can do is do the things that position you best for what you can foresee and try to be invested in the best places for a rebound, and hope the rebound is bigger and better than I expect. That's my general plan, and to remain bullish so I'm ahead of all the bears turning bullish, when they do.
Thank you CR for the very interesting read, it's always good to medicate with a dose of your positivity. You started with the macro picture, and while there's nothing we mortals can do about it, do you see any danger over international issues, Ukraine or more specifically Communist Russia for example? There's also an election you'd think was already in full swing coming later this year across the pond. I suppose what I'm wondering is how much attention you pay to macro beyond the UK itself, and whether you remain fully invested or hold some cash back for the next panic in the markets? Thanks as always, TEIN.
Hi TEIN.
I've learned over time that there isn't much you can do to predict or avoid the macro. Like Covid, somehow we get through it. When the macro looks more bleak I gently reduce and as things improve I gently increase. We know it's Trump or Biden, we've live through both before. We seem to have Labour in government as a nailed on, Ukraine and the Middle East is now priced in imo. There may be something else that appears that none of us know about yet but you can't stay under invested just in case that happens imo. So for me, all the bad is priced in that I can foresee. All you can do is do the things that position you best for what you can foresee and try to be invested in the best places for a rebound, and hope the rebound is bigger and better than I expect. That's my general plan, and to remain bullish so I'm ahead of all the bears turning bullish, when they do.
All the best