Slack Investor remains IN for US, UK, and Australian index shares.
There has been US elections, past and upcoming European elections and referendums, uncertainty with OPEC and the oil price … Cripes! Lucky we have the old stock proverb
“The market climbs a wall of worry … and slides down on the slope of hope”
What this means to Slack Investor is that sometimes you have to tune out the noise and rely on the fact that stock markets are a great place for the long term investor. According to Fidelity, over 30 years, average annual returns for Australian shares are 9.5% and for Global shares 7.1%.
In the US, for the world of commerce, there seems to be a feeling of optimism about the upcoming Trump presidency (For me it is a little weird … and alarming, putting those last two words together). I am naturally on alert when markets like the US are at an all time high. However, I have my monthly stop loss to protect me and we soldier on for ASX, US and UK-Index stocks. The UK and US are both well above the 10-month moving average (black line on the monthly charts) and of no immediate concern. The ASX index breached the stop loss early in November but as Slack Investor makes decision on the end of month prices – and they finished well above the stop loss (red line) – no action required. See the ASX, US and UK-Index pages for details.