Hobson on Trump, Trade and Purplebricks

THE WEEK: Morningstar columnist Rodney Hobson says market moves may be painful, but over the long term stocks tend to move up

Rodney Hobson 6 July, 2018 | 2:45PM

Donald Trump trade war tariffs China US

Every time US President Donald Trump tweets an inflammatory message it feels like the end of the world for stock market investors. A crash of 100 points or more as Trump raises fears of a global trade war have become quite normal. But volatility aside, the FTSE 100 index has actually moved sideways since the start of last year.

This phenomenon is quite normal. Anyone who has invested over the past 10 years ought to be used to it by now. The market can move very erratically but only in quite a narrow range until it finally lurches to a new range, either higher or lower. Over the years, that lurch is more likely to be upwards.

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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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