Paul Mitchell
United Kingdom
2m
Quick portfolio update for copiers. I have added more funds yesterday as I have previously explained, around 10%. I have used this to add to some stocks already in the portfolio which seemed cheap to gain a slightly larger position. I'm going to leave the remaining amount as cash USD for now. The outlook of the markets has again been a resilience in the face of worse economic news from the US. This seems to be because of anticipated interest rate drops. This just seems to be lining up for a sell off at some point as low interest rates will never make up for a likely recession, which is what the job reports are pointing towards. I am continuing the cautious strategy I have had all summer. Even though I didn't expect US stocks to push up to these heights, and I was prepared for alternative outcomes, I have still achieved growth roughly inline with S&P500. Sorry if this today is a bit boring and rambling, it's just to me it feels like a time right now to wait with patience rather than a time to do much buying and selling. I see others are increasing cash positions also, and gold going to record high as it did yesterday is often foreshadowing. Alternatively, we could be here in a months time with the market up once again, even if the road ahead looks rocky, it doesn't necessarily mean we must or will hit a rock. Thank you all my followers, happy to answer any questions below on anything portfolio related. All the best, Paul
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