The bull continues to deliver +17.16% YTD. Spreadbets +34.82% YTD. Cash approx 12%. I’m considering reducing some global growth and buying some yield (could be value stocks, bonds or perhaps specialty trusts, or metals). Does anyone have any ideas?? Let me know the tickers 🍻

Anyone else having a nibble on #TW? I realise the economy is sluggish but this seems like depression levels.

After much consolidation and many false starts it looks like the beginning of a new chapter for China and more broadly EM. Dollar weakening has got to help. Anyone else buying #china?

A lurch to the left is hardly going to fix anything given the nation’s debt dynamics. I’d rather let Starmer struggle on, let Labour fall apart and we can have a GE in 2028 - wishful thinking mol.im/a/15132275

Nope, sorry, the S&P 500 is not the new risk-free rate ft.com/content/ace06a…

I remain short gbp. they’re gonna lose control. It’s a matter of time. Either Starmer will cave (ie offer reeves as a sacrificial lamb and ups spending .. or he’ll be ousted and some total numbskull will take over leading us to a direct clash with the bond markets.

I realised things were bad but not this bad. What have they done ….

Progress to +18.28% YTD. Spreadbets +35.32% YTD. I transferred another 5% of global equity exposure to min volatility equity exposure. Reduced the cash pile by 5% with high yield bond purchases. I’m too cautious to ever put out the big numbers but just try to avoid the howlers.

Good sensible logical stuff from Ian as always The element that attracted my attention was an investor creating their ‘own’ annuity fund using a ladder of gilt funds, something I’d not thought about before A very good idea in many ways because it retains the capital

Mr squirrel and Ian Shadrack two of my favourite #fintwits.

Good bit of social history here ….. 1981: Life of the EXTREMELY WEALTHY | Man Alive | Classic BBC Documentar... youtu.be/Edp5TuQalkY?si… via YouTube

RIO on the daily. I've moved the bottom line to a descending line rather than flat. You have to be thinking that this monster pennant is going to break north. 5 years in the making. It could be a monster. DYOR

The markets feel like they’re at extremes But I can’t decide what’s going to break first. But I’m sure something is going to break. How do the CBs get away with debasing currency without restoking inflation and spooking the bond markets. Cost of living out of control for large %.

Is Doing Nothing the hardest part of investing?

Last week cost just over 1% in performance.. I’m overweight EM and that was hit hardest on Friday. More volatility would be welcome in October. Volatility is the friend of the patient investor. I generally hate melt-up conditions even when I’m getting richer on paper.

Anyone like Madeira wine?

Great to be in la Palma with a strong sun (and market) 🍺.

Great to be back in playa de las Americas after 24 years. Great fun in the Canaries at this time of year