Ringing in the New Year can take on a meaning of its own when it comes to investing for retirement. Launched on the 1st of July 2019 with the aim to provide a steady monthly income for investors, the LF Canlife Diversified Monthly Income Fund is celebrating its first January and has reason to since, despite increased volatility of late, it continues to deliver what it was designed to do.
The Bank of Mum and Dad still shows all the scars of bailing out an errant son in every line of an ugly balance sheet. But Junior is on the mend. The “Junior” in question is the US consumer, whose property market fuelled high spirits of yesteryear show many signs of being tamed. Middle-aged caution has taken over. It may be duller but at least the insurance quote on the car no longer makes you wince.
“In investing, what is comfortable is rarely profitable” – Robert Arnott, American entrepreneur, investor and writer If that statement is even half-true, then the UK stock market should be at the centre of any investor’s radar. As we will set out below, the UK is far from dead and its stock market is astonishingly cheap.