So how have we done over the last quarter?
As you can see from the chart above, the FTSE 100 index has fallen by around 4.4% this last quarter. Globally this previous 6 months of 2015 is officially the worst for investors since 2011. A fall of this size is not unusual; the absence of any major corrections over a 4 year period was the unusual event.
Gradually over the last 4 years the pressure has risen within stock markets. It began to feel very much like an unusually long muggy period in need of a good thunderstorm, so everyone could get comfortable once again. Like an annual storm in a desert, I now expect life to spring up everywhere. Continue reading “October 2015 Investment Review”