The scariest stock market chart in 300 years

Most people are believe stocks and shares are the way to go for long-term investment. But you should be wary of holding too many equities, says Bengt Saelensminde. Here, he explains why a well-balanced portfolio is crucial for investment success.

Tim Price is a true original thinker and someone I admire as an investor. And as director of investment at PFP Wealth Management, his mainstay business is equity investment. So when he tells me to be wary about stocks, I sit up and listen.

Well Tim did just that in a thought-provoking piece in this week's MoneyWeek magazine: Forget shares your money's better off elsewhere. (If you're not already a subscriber, subscribe to MoneyWeek magazine.) Today, I want to give you the crux of his argument. It's a vitally important observation about shares. Keep reading and I'll also show you a chart that will devastate many long-term equity bulls.

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Bengt graduated from Reading University in 1994 and followed up with a master's degree in business economics.

 

He started stock market investing at the age of 13, and this eventually led to a job in the City of London in 1995. He started on a bond desk at Cantor Fitzgerald and ended up running a desk at stockbroker's Cazenove.

 

Bengt left the City in 2000 to start up his own import and beauty products business which he still runs today.