With share prices riding high where should investors look for opportunities?
US shares are trading at expensive valuations, almost all assets have had a good run in recent years and even that eternal laggard the UK stock market has hit a series of record highs – shaking off the struggles of earlier this year,
This means that investors need to become more selective if they want good returns in the months and years ahead, says Tom Becket, chief investment officer of Psigma Investment Management,
On this episode of the Investing Show, Tom joins Simon Lambert, of This is Money and Richard Hunter, of Interactive Investor, to explain why he believes investors need to divide their thinking into short and long-term opportunities – and gives us three examples of where he believes those may lie.
In the short-term, Tom says that oil and gold mining firms may offer a chance for profit, with firms having trimmed their costs and become more efficient but their shares have lagged behind the commodity.
In the long-term, he sees India as having the potential to deliver good returns and explains what he learned from a recent visit there – and why funds with managers with good contacts on the ground there are the best option.
THE INVESTING SHOW: IDEAS TO MAKE MORE OF YOUR MONEY