It’s time to be fearful – investors aren’t frightened anymore

The Vix – the 'stockmarket fear gauge' – is saying investors have become complacent. This is a dangerous sign, says Phil Oakley. And it means it's time to worry.

Investing is and should be simple. But it's not easy.

The simplest way to make money is to buy things when they are cheap and sell them when they are expensive. Unfortunately, most investors just don't do this. In fact they make life difficult for themselves, and tend to do the exact opposite chasing the market when it is going up, only to panic and sell after it has gone down a lot. Consequently, these people don't tend to make a lot of money.

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Phil spent 13 years as an investment analyst for both stockbroking and fund management companies.

 

After graduating with a MSc in International Banking, Economics & Finance from Liverpool Business School in 1996, Phil went to work for BWD Rensburg, a Liverpool based investment manager. In 2001, he joined ABN AMRO as a transport analyst. After a brief spell as a food retail analyst, he spent five years with ABN's very successful UK Smaller Companies team where he covered engineering, transport and support services stocks.

 

In 2007, Phil joined Halbis Capital Management as a European equities analyst. He began writing for MoneyWeek in 2010.