Markets looks like the first quarter was the start of a new BOOM in equity market . We have confidence growing , improving data , but more important is the prescription & attitude is turning positive .
Looking on the markets I agree we had a great 1st quarter , but I allways believe profit is only profits when you bank it ! Decide how much you happy with as a return and then sell .
If you don’t your greed feeling will make you hold for the perfect moment ,( which never exists !)
Reminds of a quote from Wall Street 2 from Gordon Gekko :
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
Strong Q1 to kick-start rest of 2013 – Strategist.
Strong Q1 to kick-start rest of 2013 – Strategist
Chief Equity Strategist Sam Stovall believes that the fast start year and the biggest Q1 gain in 14 years does not mean the party is about to end – in fact, the momentum is likely to continue.
As the calendar pages have now turned to April, investors remind themselves that the long-term track record for this month is positive.
Stovall assured that, “A strong first quarter has served as a running start for the rest of the year”. He argued that since the first quarter delivered positive returns, the odds of the next three quarters also delivering gains not only goes up, but so does the average total return.
In fact, history shows that since 1945, whenever the S&P 500 recorded a positive performance in the first quarter, the average performance for the three remaining quarters improved by an average 1.2, 1.1 and 0.4 percentage points, respectively. In addition, the rest of the year saw its average return rise to 8.9%.
However, at the opening of the second quarter on Monday, stocks slipped after disappointing US manufacturing activity weighed on the market.
The blue-chip Dow Jones Industrial Average index fell 5.69 points, whilst the broader Standard & Poor’s 500-stock Index shed 7.02 points and the tech-heavy Nasdaq Composite Index also lost 28.35 points.
Investors were concerned about whether Wall Street could extend the rally in the first quarter of the year when both the Dow and S&P 500 rose 11.3% and 10%, respectively.
Consequently, after a long holiday weekend the US stock market opened slightly lower, while trading at the Asian stock market was mixed and major European stock market remained closed on Easter Monday.
If you wish to review your funds in order to position your investments for the remaining of 2013, speak to a deVere Financial Adviser today.
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Tony Evans - Tokyo 