My five reasons to buy our shares again

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Rola Khaleda, FT editor, chooses her favorite stories in this weekly newsletter.

Friends are suspected that the root of my rude mental health is Sydney. Who can think of themselves in the interior of Dunny when Redback spiders lie under every seat? Anxiety like Steve Woo, they call me.

The truth is that I carefully manage my feelings. Only this week I have deserted a tendency from the beach with seals and ran along the forest paths of the Arouderron Purple. And just try to be a miserable driving of an open defender with a cigar and Megadeth. “Peace sells” In full size.

Avoid the comments under the columns also keep me sane – although I respond to emails at the address below. Sorry vertemitesandwich! Frankly, there are only many times that you can call a bald twat before you worry that you may actually be a little thinning at the top.

The problem is that my companion David is rushing to give me a weekly overview of your comments. Yes, he would have been, hundreds of readers still agree that you are coming to sell US shares. The worst investor ever, they say.

I doubt that the comments stopped when American stocks fell two months ago. Even if they do so, it is possible that it will return to normal, and the stocks have now increased by 20 percent or so. This is not a mind. Frankly, I deserve to be offended.

Which – which Call in September 2023 It was bad. After selling it fully from the Vanguard S & P 500 Exchange trading box – which represented 13 percent of my wallet at that time – Bugger has increased by 36 percent since then.

If this is not enough, I put a third of the money from selling in the investment funds circulating in the United States, which only wanted 1.2 percent in terms of sterling until I sold it in April. Yes, it was supposed to provide low -risk hermia. It is still annoying, though.

In order to be fair, I said that if the S&P 500 continues to mobilize it, you should pull the other arrows with it. So I will not lack completely. In fact, the other boxes that were issued in it, Former Asia Japan And Japan increased 20 and 14 percent, respectively. Likewise, the FTSE UK box is 35 percent higher.

Thus, Pace Pace and a weak country saved me from stupidity. But I have no regret as I thought American stocks were exaggerated Based on any scale I chose to throw in my face.

Why, then, I cannot believe that I am writing this, is my finger hovering over the purchase button for the first time in nearly two years? Oh my God, I must read this sentence only again to make sure I am serious.

Five reasons suddenly felt bored in my head this week. I am afraid that they will raise the balance of possibilities towards a long and not short position, even if only.

The first is the other side of my good luck in the great exposure to sterling. (I have previously written about the importance of getting most of your money in your daily obligations.) I am now fully aware of my decrease in weight loss in dollars, which is still a sect of nearly two -thirds of commercial bills in the world, loans, foreign transactions, shares, and equations for the Central Bank.

The domination of the dollar does not scare me. What is the latest poll of the Bank of America World Fund, which shows that asset allocations are the most weight in Greenback in two decades. There can be no stronger purchase signal.

Thus, also, the second reason for thinking about the S&P 500. In the same poll, more than half of the global fund managers believe that international stocks will get the best returns over the next five years. Less than a quarter of the respondents said the same for us. Likewise, the Sentix Scan for European investors is positive for the first time since early 2022.

My contradictory bones on beating from business barrels in Europe. The latest ZEW survey of growth expectations shows that companies have rejected the customs tariff as a threat. The heads of the euro area are optimistic again.

This equals the number of three to do the opposite and put bets on American companies. I am already a member of the UK Club in the United States. In this, I am not different from anyone who lived and worked there.

No, my problem was the price that I was asked to pay for these exceptional stocks. To date, the S&P 500 30-50 percent is likely to be expensive for the front profits or the value of the replaceable assets if the record is any evidence.

But the shares of the United States were also over the ages-after the financial crisis was the last occasion, the US shares were unambiguously cheap. It is too late, we know that they were also attractive for years after that when they continued to make new levels.

Another method that American companies of good value can increase profits. Is this possible? Yes, If the productivity starts. It already grows faster in the United States more than anywhere. How sure I am sure that artificial intelligence will not move the needle seriously?

Not much, which is why the renaissance of productivity is the fourth reason for questioning the current weight loss. Another beautiful thing about the height of the output of each input is to increase demand and wages without inflation and/or low profits.

In other words, a virtuous circle appears. Now it will be drawn with wet sand with hope. Global recession expectations are negative, and its federal reserve is still A relatively optimistic vision of the American economy – Thus, why did you not reduce prices on Wednesday. What if peace suddenly collapsed?

Therefore, the fifth reason is the risks that stock investors wake up soon and say: What do they like? In this scenario, all your investment funds are well. But American stocks fly. I need to think about it with Martini wellness in my hands.

I will be keen to read your comments. If I am not in the pub.

The author is a former wallet manager. Email: [email protected]; x: studtkirk__