tmai

The Portfolios have recovered well, which is welcome news, but just as the storm caused by tariffs has passed, a new one brews. Bond yields are rising again, which explains the strength in Value stocks (industrials and financials) and the weakness in Quality (consumer brands). It also explains the resurgence

Trades in Whisky; In a recent turn of events, we have seen the dollar bounce and the US stockmarket along with it. The US Magnificent 7 (Mag 7) large tech stocks (Apple, Google, etc.) have resumed a short-term uptrend against the world index, something which was last seen in January.

Last weekend, Warren Buffett announced that he was stepping down from Berkshire Hathaway (BRK) after 55 years as CEO. Since 1987, $100 invested is now worth $25,000, which is five times more than the S&P 500. If you start the clock in 1970, which my chart won’

Trade in Soda; Passive investors are currently not passive at all; they are growth investors, and massively so. We are at one of those times in history when being a passive investor is a very bad idea. Passive investing, whereby you hold low-cost index funds, is an efficient way for

Trade in Whisky; I hope you had a good Easter break. If you were watching US markets on Monday, you may have been surprised by the market’s reaction to the Pope’s passing. Digging a little deeper, I discovered it was President Donald Trump who had branded the Federal

As a matter of record, I publish performance data for the two portfolios in the Multi-Asset Investor, Whisky and Soda, for Q1 2025. With Trump’s tariffs announced on Thursday, 2 April, much has happened over the past two weeks, making Q1 a distant memory of market calm. Regardless, I