What We’re Buying Right Now and Why

 

Is this time to buy, wait, or reconsider your positions?

That comes down to what you’re invested in. And where the opportunities are.

Part of my focus with equities is to consider the robustness of the underlying assets. I remain suspicious of companies that are priced too far beyond tangible book value.

Then there is leverage. In good times, debt can boost a business and accelerate shareholder returns. But in times like these, it becomes a noose. Squeezing tighter to garrotte the firm, unless a capital raise can be pulled from the hat.

So, once again, we take a careful ruler to our Lifetime Wealth portfolio. Considering current guidance and risk.

If there’s one in our portfolio I’d be looking at more closely than others right now, it’s this business…

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Simon is the Chief Executive Officer and Publisher at Wealth Morning. He has been investing in the markets since he was 17. He recently spent a couple of years working in the hedge-fund industry in Europe. Before this, he owned an award-winning professional-services business and online-learning company in Auckland for 20 years. He has completed the Certificate in Discretionary Investment Management from the Personal Finance Society (UK), has written a bestselling book, and manages global share portfolios. Simon is a shareholder of Wealth Morning.


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