Hobson: Time to Buy When the Missiles Fly

THE WEEK: Morningstar columnist Rodney Hobson on nuclear war, Ladbrokes Coral and a recruitment firm that's exceeding expectations

Rodney Hobson 1 September, 2017 | 3:04PM

North Korea fires missle

The firing of a missile by North Korea over Japan caused yet another short-lived crisis on stock markets. Shares slumped heavily across the board and across the globe on Tuesday but were already recovering before the day was out. Within 48 hours the FTSE 100 index was back above 7,400 points.

If Armageddon occurs, then nothing will be of much value – and that includes radioactive gold. If the threat of nuclear war recedes, as it has done so far, then equities remain the investment of choice. For that reason, these downward lurches are a buying opportunity. Well done to any brave souls who got in smartly at the bottom. I remain fully invested in shares.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Hays PLC92.00 GBX-2.95
Restaurant Group (The) PLC35.68 GBX1.36

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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