Latest Issue

DIY investor: uncomfortably expensive

Trying to “time the market”—buying low and selling high—is by common consent impossible

By Andy Davis   July 2015

Markets at the moment remind me of a machine at the soft play centre that our children love. The youngest is fascinated by this device, which makes brightly coloured plastic balls float before her eyes on jets of air. They totter on the updrafts in a precarious dance but if she stretches out her hand to grab them they fall to the floor.

Markets may not be imminently heading in the same direction but things feel precarious. Bonds of all sorts look dangerously expensive: there’s limited room for their prices to go up and plenty of room for them to…

Register today to continue reading

You’ve hit your limit of three articles in the last 30 days. To get seven more, simply enter your email address below.

You’ll also receive our free e-book Prospect’s Top Thinkers 2020 and our newsletter with the best new writing on politics, economics, literature and the arts.

Prospect may process your personal information for our legitimate business purposes, to provide you with newsletters, subscription offers and other relevant information.

Click here to learn more about these purposes and how we use your data. You will be able to opt-out of further contact on the next page and in all our communications.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

We want to hear what you think about this article. Submit a letter to

More From Prospect