Category: IC Insights

Blog, IC Insights

January Performance Update

The psychology of markets is not especially consistent. Investors get overly pessimistic when they are worried, and overly excited when newsflow is good. This creates periods where too much of the bad news is reflected in market prices and vice versa. After 18 months of bad inflation and interest rate…

Alex Chappell

2nd February, 2024

Blog, IC Insights

Q4 Market Review

2022 was one of the most challenging years for investment returns in recent history. As so often when asset valuations fall significantly, there are some excellent opportunities created, and we spent much of the latter part of 2022 in particular, reshaping our portfolios for 2023. As a result, we felt…

The Planning Team

5th January, 2024

Blog, IC Insights

November Performance Update

“How did you go bankrupt? Bill asked. “Two ways” Mike said, “gradually then suddenly”. That famous quote from Ernest Hemingway’s novel feels very applicable to the question “how is your investment forecast playing out?” We’ve been talking since the spring about a more positive investment environment for our portfolios. Our…

Alex Chappell

1st December, 2023

IC Insights

Where’s the Income?

It’s around 12 months since the bond market hit its lows for 2022. Around the time of Liz Truss’s budget, we added significantly to an asset class that had sold off hard and relative to the last two decades, was providing a significant annual income stream. In time, we also…

Ashley Brooks

20th October, 2023

Blog, IC Insights

Q3 2023 Market Review

We approached Q3 with optimism. Not because we expected this quarter itself to be stellar, but because valuations on any medium to long term basis are as good as they have been at any time in the last 15 years. That said, markets need confidence, specifically with respect to inflation…

DB Wood Team

5th October, 2023

IC Insights

All Roads Lead Home

The ‘price’ of something often doesn’t reflect its true ‘value’. We say things like ‘I wouldn’t pay that price’, getting drawn into the numbers and not necessarily what it means to us. The price of something is merely the cost to buy or sell, whether that’s an investment portfolio or…

Ashley Brooks

1st September, 2023

Blog, IC Insights, Uncategorised

July Investment Update

Someone asked me last week “what’s the most important lesson you’ve learnt across the last 5 years?” Well, that’s tough as a  lot has happened, as covered in our recent blog ‘A Unique 5 Year Period draws to an end‘ . To be honest I thought it would be…

Ashley Brooks

4th August, 2023

Blog, IC Insights

Q2 2023 Market Review

Investors came into the second quarter feeling like the worst was behind us. Inflation was falling consistently across the globe, interest rates looked close to peaking, and so far, economies were showing no signs of a recession. In most regions that story has continued to play out. US inflation is…

Alex Chappell

6th July, 2023

IC Insights

May Investment Update

Looking at the year so far, our portfolios remain comfortably above benchmarks. At the same time, overall returns have been lower than we expected at this point given the prevailing market challenges. In the first chart we are showing our Low to Medium and Medium Risk Portfolios against their respective…

Alex Chappell

31st May, 2023

Blog, IC Insights

April Investment Update

March’s banking system wobbles started to abate in April. It isn’t that the issue is solved yet, but that it looks limited to poorly managed, regional US banks, and as we expected, policymakers quickly stepped in to ensure stability in the system. To counter that we had more challenging inflation…

Alex Chappell

5th May, 2023

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