After a decade or so, the screen you see when you log in to your accounts on Nucleus are about to change. I have been involved in the way the new screens look and operate, so if there is anything that you don’t like please tell me and I will feed that back to the developers at Nucleus.
I’m hoping that your own personal position springs to life once you can see the last 12 months progress in chart form. Better still you can see your progress over longer periods of time by selecting all dates. Feel free to play around and get used to the new way of looking at things. For now it will be accessed from a different address, https://www.go.nucleusfinancial.com, however within a month or so your regular login address will take you there directly and the old client screens will be removed.
As we reach the end of another tax year, it’s time once again to look back and see how our expectations of investment growth have faired against the brutal reality of the past year’s economic turmoil. In my last blog, “You’ve been framed”, I explained there is little point in basing lifetime decisions on the previous 90 days gains or losses. Shortly you will receive your next 90 day statement, it will reflect a much healthier period, but please continue to ignore short-term performance when we are all investing over lifetimes.
Whats happened over the last 12 months?
It’s been a challenge to say the least. We sold down risk assets across our portfolios twice in the year to reduce the effects of an increasingly un-certain economic outlook. Only recently have we re-committed to use that cash to purchase further investments.
Last year will generally be measured by how much was lost.
As investors we are rewarded for our resilience. We need to be able to take it on the chin once in a while. My rule of thumb is that we will only make money 3 years out of 4. We measure three of those years based on how much we made. We measure the fourth on how little we lost.
It’s many years since I completed a jigsaw, but recently I came across a partly completed puzzle of a Spitfire flying into the sunset. It struck me that we vary hugely as individuals and yet we approach many problems in exactly the same way.
Most people, maybe all people, start with the corner pieces of a jigsaw. Then all the edges are completed to create the overall size of the puzzle. Then the detail and finally the undifferentiated areas like the sky. Pretty standard stuff.
We don’t just approach jigsaws in this way, but pretty much any problems or questions we have generally.
It seems like we have had to wait an age, but there is finally some positive movement in the markets. It’s about time too.
We have all received our quarterly statements from Nucleus and it has not made for comfortable reading. The markets fell dramatically in the last quarter and the statement reflects the value at the beginning of January. That was just about the nadir of the recent slump.
2018 was a year to forget for us as investors. It was about damage limitation after the year’s earlier peaks. However I hope 2018 was a year to remember for you as an individual. Let me take this opportunity of wishing you and your family all the best for 2019.
As 2018 closed, like the All World Index shown above, we found ourselves counting our losses. The synchronised global growth I described last year has turned into a synchronised global slump. In the same blog I went on to say;
Although the primary trend is for a long term rise in share values, make no mistake there will be more hiccups along the way. A short term downturn or two is common within a long term uptrend. We have not witnessed a non-political hiccup for almost 2 years.
If we view our investment lifetimes as a war, then we lost a battle in 2018. Similar to those we lost in 2011, 2008 & 2000.