Tom Stevenson

America First looking increasingly reckless

Donald Trump has fired the first shots in a US-China trade war in which the biggest losers will almost certainly be his own supporters. 

Hindsight is a wonderful thing
Tom Stevenson

Hindsight is a wonderful thing

Hindsight is a wonderful thing, but sadly unavailable to investors. Had your crystal ball been operating at the beginning of 2018, what would you have done?

Be careful what you wish for
Tom Stevenson

Be careful what you wish for

With world surplus oil supplies falling, there’s talk of the oil price rising above $80 a barrel - good news for oil producers. But could this mean short time gain for long time pain?

What does a pair of jeans and the US Post Office have in common?
Tom Stevenson

What does a pair of jeans and the US Post Office have in common?

What does a pair of jeans and the US Post Office have in common?  Little on the face of it, but from an investment perspective quite a lot. They are both second-order beneficiaries of someone else’s investment boom. 

Not the moment to be a hero with your investments
Tom Stevenson

Not the moment to be a hero with your investments

Last week, I suggested that 2018 would be the year in which we waved goodbye to the favourable conditions of 2017. My concerns were largely focused on inflation and interest rates. Now I am much more concerned about the growth part of the equation.

Market correction: No real surprise
Tom Stevenson

Market correction: No real surprise

Having licked our wounds over the weekend, three questions arise: what caused the correction; has it run its course; and does it matter?

Market update: Too far too fast
Tom Stevenson

Market update: Too far too fast

Tom Stevenson looks at the triggers of volatility, what’s actually occurred and the impact for investors.

Tools for your clients: Outlook 2018
Tom Stevenson

Tools for your clients: Outlook 2018

2017 was a good year for equity investors. It is hard to overstate the importance of diversification in an investment portfolio. We take a closer look at the themes, asset classes and regions and how they may impact investors in 2018.

2018: A balancing act
Tom Stevenson

2018: A balancing act

Most of the time investors don’t need to think too much about market timing or asset allocation. The long-term trajectory of financial markets is up and the only sensible thing to do is to be fully invested and allow the odds to work in your favour. As we enter 2018, however, it doesn’t feel like ‘most of the time’. 

The eye only sees
Tom Stevenson

The eye only sees

As investors, one of our most unhelpful psychological flaws is the desire to seek out information that reinforces our existing beliefs. So how do we avoid the pitfalls?

Behavioural finance: Why is it so relevant in the field of investing?
Tom Stevenson

Behavioural finance: Why is it so relevant in the field of investing?

Many of the mental shortcuts that have evolved over the millennia have helped humans survive and develop but tend to make us bad investors.

Political instability creating investment opportunities?
Tom Stevenson

Political instability creating investment opportunities?

Does politics matter to investors? Read any market report and the answer might seem obvious. 

A good week to be thinking about risk
Tom Stevenson

A good week to be thinking about risk

This is a good week to be thinking about risk. None of us will forget this day 16 years ago when the twin towers were brought down. 

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