Has Bernanke done us a favour?

Much against the run of play my portfolio is now up over 26% so far this year.

Since I didn’t start rebuilding before October I’m happy to take 25% as this year’s profit, which of course is extremely good. However, this is what I get year in and out. The cycle of the years tends to be75,40,25, 15 out for a year, but I’m just trying to get 25%.

This year’s return highlights a few investment basics:

• Stick to your idea if nothing disproves it.
• Your profits come quickly and often unexpectedly.
• Long term investing works.
• You can’t pick the bottom and you can’t get the top.

I’m out of Pace and I noticed a stupid RNS from them saying a discussion with BT isn’t going to materially affect things. It’s a poor sign when a management suppresses what is a fairly low share price. It should not be for them to tell the market what it should think; it’s for them to get on with the business.

My friend Bernanke has done us all a favour with QE3. He is pumping money into our portfolios. What a nice guy! It will all end in gnashing of teeth but if you see that coming you can doge that bullet when it comes in 2014-15.

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Comments

1. shareyt says:

   September 17, 2012 at 12:46 pm

   I have been browsing on-line greater than three hours today, yet I by no means found any interesting article like yours. It is pretty price sufficient for me. In my view, if all site owners and bloggers made excellent content material as you did, the web will be a lot more helpful than ever before.

2. Clem Chambers says:

   September 17, 2012 at 7:32 pm

   Thanks shareyt, thats appreciated.

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