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Market Comment - December '22

December 2022

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.

A strange year is coming to an end, and for most investors it will be good riddance. Reviews of 2022 coming across our desks in recent days include much soul searching and head scratching. One is clear on the pain: “As 2022 draws to a close, many investors are sitting on some steep losses.” In contrast, another focusses just on the last two months and says quizzically: “We have an inexplicable market rally to explain.” In their way, these two quotations sum up the roller-coaster nature of the year, and its frustrations. The FTSE-100 is an interesting hybrid, which has moved more sideways than down in 2022. Many other indices are not so benign, from the S&P 500 in the US, or our own FTSE 250 index and FTSE Small Cap. Despite th ...

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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.

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