As all of you should have known by now, I have resigned from my old firm and is moving on to another Financial adviser Firm. There are many reasons for moving, but I will attribute it mainly to massive company political issues and an unfavorable working environment for me and my team. Hence the reason for the move.
Lastly, I would really like to write a few paragraphs on the investment climate now. So just let me summarizes what happened.
In short, major markets around the world advanced a bit but is still hovering around the same mark since last oct. So it has been a boring 4th quarter with no Christmas rally. Commodities and forex market have been quiet for the last 2 months with most of the commodities seeing a minor correction after such a tremendous run up. The best performing markets are the middle eastern markets, not surprising since they suffered an extremely sharp drop due to the Dubai incident. Earning periods for the 4th quarter is incoming and I expect a correction may occur in the coming months as earnings will not be as good as expected after such a sharp runup in expectations. Nothing serious, but a good entry pt for the rest of the economic recovery. The current portfolio is currently maintained at 70% emerging markets/resource and 30% in bonds. With the world ready to raise rates and tightening, bonds may not be a good thing to hold in the near future. I will move the 30% into equities once a more reasonable correction of more than 10% occurs.
I hope to see you guys again in the near future and is eager to get back to my job… once the authorities let me!
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