David Brenchley

1 month ago | trustnet.com | David Brenchley |Kepler Partners

What Trump gives in tax cuts with one hand might be taken away by higher inflation with another hand. I’m fully aware that writing an article about the impact of the new US administration’s policies may be a futile effort. It’s quite possible that everything I say here will be out-of-date by the time I’ve finished writing, let alone by the time of publication. By the same token, the US is such a large part of global financial markets that it probably needs to be written. So, here goes.

Jan 8, 2025 | trustnet.com | David Brenchley |Kepler Partners

We’ve seen more evidence that US exceptionalism will continue unabated under president-elect Donald Trump and a sense of inevitable doom hanging over the UK recently. Yet, it’s worth noting that, from an investment perspective, there are pockets of good news emerging on this side of the pond. One area of interest is property, where capital values are starting to stabilise, suggesting we’ve seen the bottom of the cycle and buoying real estate investment trusts (REITs).

Nov 6, 2024 | trustnet.com | David Brenchley |Kepler Partners

It’s perhaps the most hackneyed finance-related cliché, but diversification being the only free lunch in investing has rarely been as important a concept as it is now – a time when stock markets are more concentrated than they’ve been for 40 years or more. The 10 biggest companies in the S&P 500 index account for 36% of the index. The last time we saw anything like this kind of concentration was in the early 1970s.

Sep 6, 2024 | trustintelligence.co.uk | David Brenchley

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Aug 28, 2024 | trustnet.com | David Brenchley |Kepler Partners

I’m very much looking forward to next year’s holiday in Japan, so much so that I’ve been considering taking out some yen now, six months ahead of when we plan to go, just in case the exchange rate moves against us more than it already has. I’d considered doing so in July, when £1 bought 207 yen, but since the Bank of Japan (BoJ) raised interest rates for the first time in 17 years, that has come in to about 190 yen.