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DIY Investment

Sometimes it’s best to do nothing

By Andy Davis   August 2013

The more time I spend thinking and reading about investment—as well as actually investing, of course—the less sure I become about most aspects of it. Events this year have only reinforced that feeling.

I entered 2013 with a fair amount of cash at the ready for opportunities, should they arise. Equity markets promptly rocketed, heralding an uncomfortable period during which I couldn’t see any huge improvement in the fundamental performance of most companies that would explain why their share prices were rising so strongly. The only option was to sit on one’s hands, painful though that can be.

Subsequently things…

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