Bond prices: 'Six of one...'
'... and half a dozen of the other'. Elegant symmetry of bond maths means there is no free lunch when it comes to changing market yields.
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The temptation of higher interest rates
Interest rate rises are tempting, but the opportunity costs can be large for locking away cash
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Investing principle 5: Be disciplined
On a daily basis it is near enough a toss of a coin for whether your portfolio is up or down. Better chances come with time.
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Investing principle 4: Be patient - think long term
One of the great challenges that all investors face is that there is no easy or quick way to investment success.
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Investing principle 3: Let markets do the heavy lifting
Empirical evidence suggests that trying to beat the market – through either market timing or stock picking - is a tough game, with very few long-term winners.
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Investing principle 2: Accept that risk and return go hand in hand
One of the inescapable truths of investing is that to achieve higher returns, you have to take on more risk
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Investing principle 1: Have faith in capitalism and confidence in the markets
Accepting that capitalism is a powerful wealth creation mechanism, and capital markets are an effective means to access its rewards.
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