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Market Comment - August '16

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Whether your investment choices make any money, and how much, is driven by a mix of valuation and confidence.  UK confidence? Those who think the Brexit vote can be overturned or ignored are like "bedraggled courtiers fleeing Versailles after the French Revolution, they are unable to process the reversal that has occurred" (New Statesman). This includes a chunk of the media (e.g. the FT?) and clever City folk, for whom to be confident post Brexit would be to admit the "reversal".  This small but influential group continue to undermine wider confidence, which they also refuse to acknowledge.UK stock market valuations are fine (25% below the median since 1969) and better value than France and Germany. Bu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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