So what now? My inbox is full of professional investors telling me not to panic, while economists fret on a potential delay to the Fed’s first rate hike.
Still, what’s new? We’ve been waiting so long for the next round of monetary policy that a few extra months won’t hurt – unless things really tip into the abyss – while even my mum knows that China’s had its problems of late.
SHAM prefers to live by the Rumsfeld philosophy that it’s the ‘unknown unknowns’ that pose the biggest threat.
With that I’ll suggest this current market ‘correction’ could be a very apt time to buy into what one fund picker described to me yesterday as “plenty of bargains” created by the turmoil.
I’d love to get involved myself of course, but I’ve got to squeeze in a few more summer parties that require my RSPV.
Enjoy the long weekend, and I’ll see you on the other side as grey Tuesday heralds in September and hopefully a more serene autumnal frame of mind.
SHAM is the continuing adventures of a financial journalist and his meagre ISA. Follow at @SHAMinvestor
