Focus on picking good stocks this year

Each week, a professional investor tells MoneyWeek where he’d put his money now. This week: Alan Porter, fund manager, Securities Trust of Scotland.

‘Out with the old, and in with the new’ is the traditional saying at the start of a new year. But so far, it looks as though 2014 will be very much a continuation of the past few years: low interest rates, low inflation and low growth.

Market sentiment also again looks likely to be dominated by political and macroeconomic events – including the withdrawal of the Federal Reserve’s quantitative-easing policies, which started [...]

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