In January Bloomberg asked 45 top fund managers their predictions for 2020. 66% thought there’d be ‘strongly positive stockmarket returns’, 26% expected not much change and only 8% said they’d go down. A bit. What does that tell us? That 92% of them are useless? That two thirds were just keen to sell their funds at any cost? Or that, however clever you are, you can’t predict the unpredictable. Some of them, for sure, won’t have a job at the end of all this. But most will; because everything, even your investments, will be alright in the end. And if they’re not alright, it’s not the end yet.
“Global stock markets fall sharply amid fears over inflation and China slowdown”
Diesel at my local filling station now costs over £7.50 a gallon (kids etc.). Not my problem these days, but I’m sadly old enough to remember the furore in the 1970s when the price went up to 50p a gallon.
