Time to close
The time has come to officially close the office for the year. As usual emails will be checked and if there is anything urgent we will get back to you. We return to the office on the 3rd January. In the meantime we will be dropping into the office to check on any post. We are not expecting much though due to the postal strike.
We have several transfers ongoing between Nucleus and Transact and we oversee regular withdrawals of about £150,000 per month, so obviously the show must go on throughout the Christmas break.
The markets tend to settle down around now, with many stock markets operating on limited hours through to the new year. The markets, yes. That brings me to my next paragraph.
An exceptional year to forget
2022 is heading towards being only the third year in the last 14 years where we haven’t seen a positive return across our portfolios. However it is also now the second year in only the last five where investors haven’t made money. The year isn’t over yet, but even with a late Santa Claus Rally, it seems unlikely that the return for the year in any of the portfolios we manage, will enter positive territory.
Continue reading “2022 end of year report”