“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.” – Franklin D. Roosevelt, 32nd US president
The market response first, to the Covid-19 crisis, and second, to the huge stimulus packages announced to offset it, has been astonishing.
Deciding how best to ease the UK's coronavirus lockdown is proving as divisive as Brexit.
Will predominantly invest in UK smaller companies
While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.
The speed and scale of the market decline has been the defining feature of this market downturn, although this has been matched in unprecedented rapidity of response by both central banks and governments.
Timing market "invariably pure luck"
As the coronavirus spread peaks, persistence and penetration are at this point uncertain.