Are gloomy times a good time to buy? скачать в хорошем качестве

Are gloomy times a good time to buy?

In this month’s Master Investor cogitation, Jonathan Davis and Sarah Lowther discuss whether the AIM market is suffering due to predictions of an impending Labour government and despite a plethora of bad news investor confidence is actually returning. Davis considers the plight of indebted U.K. water companies using the Warren Buffett analogy of “You know who's been swimming naked when the tide goes up.” He also references the third-party casualties of those with exposure to those utilities. He shares his conversation with fund manager James Henderson who suggests now is the time to load up on mid and small cap shares. Lowther meanwhile shares her delight about Sam Volkering’s just released “The Crypto Handbook” and how she’s no longer afraid of a world she’s long been in denial of. The pair agree on the market adage that the value of shares can go down as well as up, and this lesson is learned the hard way by fools and the foolhardy. “What's the best way to become a millionaire? says Davis. “To start with a billion and invest in an airline stock.” Key moments: 00:00 Intro 03:22 The state of the markets Despite a plethora of negative news headlines and a dampened public mood, Jonathan Davis actually sees investor confidence returning. He stresses that markets – with the exception of the bond market – have rallied quite nicely, and thus believes that the overall landscape is balanced between the gloomsters and the eternal optimists. 04:56 Debt in the UK Jonathan Davis points out that the UK government is currently the most indebted in over 40 years. He sees rising interest rates as having negative implications for a lot of investments, and cites the privatised water industry (including Thames Water) as an example where debt costs are shooting up. 10:33 The level of interest rates Jonathan Davis highlights that the current yields of between 4-5% represented the norm just before the Global Financial Crisis hit. Since the crisis, the combination of QE and very low interest rates has created more debt, and the control of the rate of interest has led to a lot of negative consequences. Overall, Jonathan believes in interest rates of 4-5% to stick around for a while. 12:14 Current market valuations Jonathan Davis shares his conversation with James Henderson, fund manager at Janus Henderson Investors, who pointed out the current low valuation of UK small-caps. Jonathan agrees with James's bullish view and feels that now could be a good time to load up on mid- and small-caps. Jonathan is less confident with regard to AIM as he doesn't see this market to recover quickly in the short term. Find out more about past and upcoming Master Investor webinars: https://events.masterinvestor.co.uk Listen to this webinar as a podcast at Master Investor website: https://masterinvestor.co.uk/podcast-... Spotify: https://open.spotify.com/show/63z9slJ... Apple Podcasts: https://podcasts.apple.com/gb/podcast... Google Podcasts: https://podcasts.google.com/feed/aHR0... Subscribe on Android: https://www.subscribeonandroid.com/fe... Subscribe by Email: https://subscribebyemail.com/feeds.bl...