What will happen when interest rates rise?

padington

Anyone know of a good us / UK infrastructure fund ?

chucknorris

wotsthat wrote: »

Great if, like you, you can make sense of the noise and pick the right 20 stocks.

I've not entirely discounted you're doing nothing more than reading tea leaves. Avoiding banks, oil, China exposure, property and miners could look more like you're being influenced by short term news (noise) rather than looking long term.

Not stepping on the cracks in the pavement is my speciality.

cells

padington wrote: »

Anyone know of a good us / UK infrastructure fund ?

My guess is that Berkeley Group will do very well over the next 10-20 years

If I wasn't already fully in another liquid sector I think I would have half my net worth in that one share

Thrugelmir

wotsthat wrote: »

I've not entirely discounted you're doing nothing more than reading tea leaves. Avoiding banks, oil, China exposure, property and miners could look more like you're being influenced by short term news (noise) rather than looking long term.

I don't avoid banks just some. I've been a long term buyer of HSBS, Paragon and Arbuthnot. I dumped my entire holding in Standard Chartered at a 32% loss around 2 months ago. Today it was announced a 1,000 senior posts are to go. Glad I did now.

I hold REIT's that invest both domestically and in Europe in both commercial and residential property. Also companies that finance commercial property loans. My preference being Germany more recently.

As for miners my dislike is the opaqueness of the business model. Companies such as Glencore don't just dig dirt out of the ground. A significant proportion of their profits come from trading activities. To pay down their debts they'll have to sell off assets. Now is not a good time to sell assets.

Besides the noise. There's plenty of smoke signals. If one takes the time to look. As an example the CEO of Shell said that the dividend would be held at all costs. Shares now yield 7%. Trouble is he said that when oil was $70 a barrel. Today it's closed at $53. Would you say now is a good time to buy?