Editor's letter

How long can the good times roll?

Despite all the doom and gloom that has dominated our headlines for most of 2019, Britain and most of the rest of the developing world is currently enjoying what has been a very long economic expansion.

Boris Johnson final election speech, London, UK - 11 Dec 2019

Regular readers will know I have a tendency to look for the downside in most investment situations. But from an investor's point of view, it's very hard to be anything other than deeply relieved about last week's general election result. Regardless of who you voted for, you have to accept that the outcome delivers on the thing that markets crave more than anything else some certainty.

We now know that the UK isn't about to embark on a campaign of wholesale renationalisation. We now know that most voters aren't naive enough to look at a seemingly endless list of electoral bribes and simple solutions to complicated problems without wondering about the credibility of those making the promises. And we now know that whatever else happens, Britain will leave the European Union (EU), thus showing that our democracy is not broken as many have claimed in the last few years, but in fact working pretty much as it is supposed to ie, facilitating change in power structures without the need for violent revolution.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.

There's always plenty to worry about

There's no way of knowing. But on the upside, Britain even after the post-election bounce still looks cheap relative to other markets. So if you've been avoiding the UK because of Jeremy Corbyn or the Brexit chaos, now looks a good time to bring some of that money back home for some ideas on how to do it, see this week's cover story.

That said, don't bring too much of your money home too many investors have too much cash invested in their own country and if you do stick to the UK then you'll miss out on the opportunity to invest in some of the fantastic ideas dished up by our regular contributors in this week's magazine. Our editor, Andrew, reckons Poland is looking good. Our columnist Mike takes a closer look at biotechnology. Crislooks at Singaporean real estate, while Richard checks out a cheap global consumer goods company and that'sjust a handful of the ideas they've comeup with.

Advertisement - Article continues below

Next week's special New Year double issue features one of the best roundtable discussions we've had yet. Meanwhile, a very Merry Christmas to you all.




The British equity market is shrinking

British startups are abandoning public stockmarkets and turning to deep-pocketed Silicon Valley venture capitalists for their investment needs.
8 Nov 2019

There are lots of reasons to be bearish – but you should stick with the bulls

There are plenty of reasons to be gloomy about the stockmarkets. But the trend remains up, says Dominic Frisby. And you don’t want to bet against the …
17 Jul 2019

Good news on jobs scares US stockmarkets

June brought the best monthly US jobs growth of the year, but stockmarkets were not best pleased.
11 Jul 2019

Trade-war ceasefire boosts stockmarkets

Stockmarkets sighed with relief after the G20 summit in Japan brought a handshake between Donald Trump and Xi Jinping.
4 Jul 2019

Most Popular


Three things matter for the UK housing market now – and “location” isn’t one of them

The UK housing market is frozen. And when it does eventually thaw out, the traditional factors that drive prices will no longer apply. The day of reck…
1 Apr 2020

What does the coronavirus crisis mean for UK house prices?

With the whole country in lockdown, the UK property market is closed for business. John Stepek looks at what that means for UK house prices, housebuil…
27 Mar 2020

Has the stockmarket hit rock bottom yet?

The world's stockmarkets continue on their wild and disorientating rollercoaster ride. Investors are still gripped by fear. So, asks John Stepek, have…
2 Apr 2020
Small business

Furlough: what does it mean and how does it affect me?

Many companies have “furloughed” employees after they have shut down because of the coronavirus. But what does furlough mean and how does the scheme w…
30 Mar 2020