Focus on picking good stocks this year

Fund manager Alan Porter explains why this year will reward careful stock picking, and tips three shares to buy now.

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.

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Alan Porter is fund manager of the Securities Trust of Scotland.