Good morning!
I’m back to look after the SCVR for a few days.
After some musings on the FTSE, I will look at:
Carpetright (LON:CPR)Clipper Logistics (LON:CLG)Hipgnosis Songs Fund (LON:SONG)Cambridge Cognition Holdings (LON:COG)
FTSE Index – Contrarian Trading
It may not be the most exciting financial instrument in the world, but the FTSE remains an object of fascination for me.
This instrument was trading above 6700 in mid-2007. It previously broke that level in 1999 and 2000.
Twenty years later, anyone who was waiting for some decent capital appreciation has been disappointed. Despite reaching 7900 last year and 7700 this year, it is now threatening to return back to the 7000 level. Over a very long period of time, it has made very little progress.
Now it is true that the dividends have been strong, and if you reinvested them, then your portfolio has done ok. But the capital value of the index hasn’t gone anywhere.
There are several possible explanations for this, and I think “the truth” lies somewhere in the middle:
1) FTSE-100…
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