You have to make a leap to enjoy the rewards.

This crossed my mind about a week ago. I was sitting at The Landing Cafe on the shores of Lake Tarawera. Sipping a latte. Thinking over 2019.

I watched a family jump from the landing into the lake. Laughing and shouting. Enjoying the refreshment of the cold waters.

Having seen market jumps in Australasia and the UK, I sat there, wishing I’d jumped in deeper. Recalling that the wealthiest investors become so for taking larger risks. But not just any risks. Risks where the waters are clear enough to reveal the value below.

So where do we see value in 2020?

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