Should investors stay bullish and buy UK and US stocks?

Ignore the Eeyores, says Max King. The outlook for stocks in both Britain and America remains auspicious

Flags of the UK and USA floating in the sky
(Image credit: Getty Images)

Every week, the personal finance section of The Sunday Times carries an interview of a micro-celebrity that asks what they invest in. Some boast that they spend everything they earn; others that they give away their spare money. Many invest in property, many keep their savings in cash and some advocate gold or bitcoin but none, ever, say they invest in equities.

Investing in shares, it seems, is not just anathema to politicians and regulators in the UK but is regarded as irredeemably vulgar by opinion formers and, therefore, by much of the population. This was certainly not the case in the heyday of privatisation, which encouraged wider public participation first in the UK stock market, then internationally. The negative consequences for British companies, the economy, investment, pensions and savings are now causing anguish, but there is no likelihood of a change in what has become a deeply ingrained cultural aversion to equities.

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Max King
Investment Writer

Max has an Economics degree from the University of Cambridge and is a chartered accountant. He worked at Investec Asset Management for 12 years, managing multi-asset funds investing in internally and externally managed funds, including investment trusts. This included a fund of investment trusts which grew to £120m+. Max has managed ten investment trusts (winning many awards) and sat on the boards of three trusts – two directorships are still active.

After 39 years in financial services, including 30 as a professional fund manager, Max took semi-retirement in 2017. Max has been a MoneyWeek columnist since 2016 writing about investment funds and more generally on markets online, plus occasional opinion pieces. He also writes for the Investment Trust Handbook each year and has contributed to The Daily Telegraph and other publications. See here for details of current investments held by Max.