Punting On The Share Market
Happy New Year!!
The last one had its drawbacks but on the whole investors, long term investors that is, could hardly blame COVID-19 if their portfolio didn’t put a smile on their faces.
In using the term investors I’m showing my bias away from short term traders and other speculators.
I’m concerned when financial professionals describe some of their investments as “punts”.
I don’t classify a regular Saturday racegoer who bets on every race as an investor, but if you buy shares in a company that your mate at the pub tells you is the next “Poseidon” I think it’s reasonable to describe you as a punter.
Each to his own, but anyone who’s investing, not just in the share market, should have their eyes set at least as far forward as 2030!