Update and my thoughts on the past week and going forward.
The Iran situation has consistently surprised me on how much it has affected European stocks day after day in the past week. The portfolio is over 5% down at time of writing which is extremely disappointing. I have been adding to some positions as there is extremely good value to be had right now assuming (as I do) that this won't be a long term oil supply situation. I am not sure how long this crisis will last, but the immediate problem with oil and gas supplies being so affected I feel will be solved sooner rather than later as there is nobody in the region supporting Iranian actions. I don't see the whole situation being sorted out quickly, it's looking to be quite messy now, but the drones and shipping lanes being shut are affecting the global economy now and it's likely extreme measures will be taken to solve this on a 'whatever it takes' basis.
Where does this leave investments? Until oil prices come back down there is unlikely to be much of an improvement, but if oil and gas starts to flow again there should be a rapid global recovery. I feel I have been caught out by not realising the implications last week, my European finance focused portfolio has been especially hit, but as I stand now, it's not a time to be looking to divest, and instead I feel there are bargains to be bought.
As always, this is just my opinion and not investment advice,
Thanks again to all my copiers for showing some resilience and patience this past week, Paul. ... Show More
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