There could be an expectation for comments on ‘The War’. It must always be remembered that there are many far worse off in the zones than us worrying about our investment values having reduced by 1 to 12%.
As I’ve said before, besides the fact that we can’t do much about this, price reduction is not a problem if you don’t need the value of your investment right now. Meaning you don’t need to take money out. It becomes a good time to put money in, because assets are cheaper. It’s good for our retirement annuity debit order this month and next month and maybe the next too, or for your excess income reinvesting and buying more units than it would have.
But inflation will hit us. The oil price is something we can’t get away from. $110 today. Interestingly, listening to one asset manager speaking this week, he mentioned that the ‘Futures’ price of Oil for 12 months is $75.00. This means, if you want to buy oil today, to be delivered in 12 months time, it costs $75.00 per barrel right now. Meaning markets don’t expect the price to be where it is for too long.
However, there is an uncertainty around the conflict that is obviously not nice, and no one knows how long it will go on for.
Sad that man has to fight so much. That some men have to be evil. That there is so much intentional unkindness.