My wife's uncle has many sage like qualities. He made a very good living for many years as a technical analyst and gave me the only piece of financial advice I can remember, a simple three point list:
- Stocks go up
- Not all stocks go up all the time
- If you have to look at the prices every day you can't afford it
He offers the following grain of hope about the impending slump. "All previous bull markets have ended when almost everyone said they would last forever. This time everyone thinks it's all over so maybe they will be just as wrong this time."
Let's hope he is right. Whatever happens buy his new book from amazon.co.uk
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