We sat down to write this article amidst what appeared to be a roaring bull market – in fact, officially the longest running bull (upward) market in history!
At the start of the year, we could have picked virtually any decent fund focused on global equities or US equities in particular, and it would not have disappointed.
However sitting here at the tail end of October 2018, we have just seen a swift drop in stockmarket indices across the World. The FTSE 100, for example, has fallen from a recent high point of 7791 on the 9th August to a low of 6886 on the 25th October. That is an 11.6% drop – ouch!
The optimistic would say this is a buying opportunity – after a drop of roughly 10%.