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THE LAST TIME A BOND BEAR MARKET WAS GETTING STARTED, I WAS STILL IN DIAPERS. IT WOULD BE DIFFICULT TO FIND ANY INVESTOR WHO LIVED THROUGH AND VIVIDLY REMEMBERS THE IMPACT OF LOSING MONEY YEAR AFTER YEAR IN BONDS, BUT…

AS WE GET OLDER AND INCH CLOSER TO OUR RETIREMENT AGE, WE INTUITIVELY UNDERSTAND THAT WE ARE SUPPOSED TO TAKE LESS RISK IN OUR INVESTMENTS, SHIFTING THE FOCUS FROM CAPITAL GAINS…

‘BREXIT’, THE UK VOTE TO EXIT THE EU, CAPTIVATED THE FINANCIAL WORLD IN THE END OF JUNE.

INVESTING IS FULL OF MEMORABLE ONE-LINERS WHICH PURPORT TO GIVE GOOD INVESTMENT ADVICE THAT IS ALSO EASY TO REMEMBER.

ON A RECENT FLIGHT BACK TO SINGAPORE I HAD THE PLEASURE OF WATCHING THE MOVIE “THE BIG SHORT”

AT THE BEGINNING OF EVERY YEAR IT’S A USEFUL EXERCISE TO GATHER THE MARKET CONSENSUS OF CHIEF ECONOMISTS AND CHIEF INVESTMENT OFFICERS, IN ORDER TO ASSESS WHERE YOUR OWN MARKET POSITIONING STANDS AGAINST THE PREVAILING VIEW

1979 GAVE INVESTORS AN ORIGIN FOR ANOTHER INDICATOR FOR CONTRARIAN SENTIMENT, WHICH WAS LATER DUBBED THE MAGAZINE COVER INDICATOR

WHY WOULD ANYONE DECIDE TO MAKE SUCH AN INVESTMENT? HISTORICALLY ECONOMISTS HAVE DEBATED NEGATIVE INTEREST RATES, BUT ONLY IN THEORY

NORMALLY THE END OF THE YEAR IS PRIME TIME FOR FORECASTERS TO GIVE US THEIR BEST IDEAS FOR NEXT 12 MONTHS

10-YEAR SPANISH BONDS YIELDS JUST HIT A YIELD OF 2.17% P.A. AS I WRITE THIS. THIS IS THE LOWEST BORROWING COSTS THE COUNTRY HAS EXPERIENCED IN THE LAST 200 YEARS, WHEN EUROPE WAS LED BY MONARCHIES AND NAPOLEON WAS PLOTTING HIS CONQUEST OF SPAIN