The stock market might have mounted a bit of a recovery over the past ten days, but unfortunately your writer has gone the other way. Picking up a particular virulent strain of Lurgy maximus while messing about on the river last weekend, I’ve been confined to bed for the past 96 hours on a diet [...]
2009
Every week I read a large number of personal finance and investing articles. Here’s my latest weekly shortcut to the best. I’m away suffering through a stag weekend today, so this selection of personal finance articles from the blogosphere doesn’t cover anything published after Thursday. By the magic of Internet publishing though, you’re still receiving [...]
Eating breakfast this morning, I caught Hugh Hendry, the gloomy and currently outperforming UK fund manager, on CNBC. Hendry’s main call, which he has been rewarded by repeating for months now, is to avoid equities. Yes, the market has fallen, Hendry says, but that doesn’t mean it won’t keep falling. Look at the Great Crash [...]
Horizontal diversification is when you hold different instances of the same asset class. In this form of portfolio diversification, you’re trying to reduce localised or industry sector specific risks. A broad index-based ETF is a good example of horizontal diversification. The classic example of horizontal diversification given in textbooks involves the weather, and two companies: [...]