FEATURES:
Just a few formulae shape the theory and practice of investment. Understanding them - and the maths behind them - is vital for all investors. Philip Ryland explains.
■ Commercial property making a comeback:
John Baron's monthly column continues to highlight sectors that are out of favour but where the fundamentals warrant investment. Here he makes the case for commercial property, and adds to existing holdings in both portfolios.
SEVEN DAYS:
■ All you need to know about investing in the past seven days: what's rising, what's falling and what's making the headlines.
NEWS:
■ Fed tapering of QE to begin.
■ Capital flight tests emerging markets structural changes.
■ Shares in Ithaca Energy soar another 13 per cent.
ECONOMIC OUTLOOK:
■ The market's warning: Chris Dillow says share prices can predict unemployment. And they haven't risen so much as to point to a big, quick drop in joblessness.
■ Next week's economics: The US Federal Reserve might start to reduce quantitative easing next week, amid signs that the world economy is growing.
COMMENT:
Our columnists offer in-depth analysis and investment ideas:
■ The Editor: Desperately seeking certainty - By all means celebrate the burgeoning economic recovery, but don't forget the new risks it brings.
■ Simon Thompson: Bargain shares update: Our companies editor updates his resource plays in his marketbeating 2013 Bargain Shares Portfolio. Simon has also written the following online exclusives:
- Buy ahead of the break-out: Our companies editor sees shares in a small-cap software company to the energy sector re-rating sharply once the company releases financial results next week.
- Far eastern delight: Our companies editor sees scope for a sensational set of results from a closed-end property investment fund.
- Playing footsie: Simon Thompson sees technical buying ahead of the forthcoming quarterly index changes as a great opportunity.
- A gamble worth taking on: Simon Thompson believes shares in an online gaming company are anomalously valued after a bumper set of results.
- Buy ahead of the IPO: Our companies editor rates shares in a media company a buy ahead of its listing on the New York Stock Exchange.
- Expect more seismic gains: Our companies editor has been blown away by a trading update from one of his most successful stock picks this year.
■ The Trader: Onwards and upwards: Equities have picked up where they left off in August - and I reckon they're going higher.
The Trader, Dominic Picarda, publishes his outlook for ten major equity, currency and commodity markets on a daily basis. You can view his articles on his comment page, or sign up to The Trader's market outlook emails.
■ Property: High-street recovery? Local shops used to be bets on retailers. Now you've to believe in a town's future.
■ Mr Bearbull: Exploiting second best: Systematically, investors may have to opt for second best. That creates an opportunity to exploit.
■ Chris Dillow: Why we can't predict: Economic forecasting is impossible, because booms and recessions are due to inherently unpredictable interactions between people and companies. Read more articles by Chris Dillow on his comment page.
YOUR MONEY:
Financial planning, tax and investment wisdom:
■ Portfolio: A young investor aims for a house and a pension.
■ Financial planning: How to help grandkids through university.
■ Workers to lose a lot from state pension reform - Workers on median incomes could be £1,508 a year worse off under new single tier pension.
■ Take independent advice when buying an annuity - Two leading pensions commentators warn that annuity purchasers may lose out if they don't take advice.
SHARE TIPS OF THE WEEK:
■ Make this high-yield pharmaceuticals group a core holding - its pipeline is delivering the goods and returns look set to grow strongly.
■ This retailer is now seeing notable improvements in its end markets after a drawn-out malaise. It’s also got plenty of cash on its balance sheet and offers a decent yield.
■ The share price of this leisure group looks to have fallen too far. Upcoming newsflow could generate both earnings upgrades and plenty of holiday money for investors.
■ Here's a high-quality London property company that has outshone its peers over many years. The share price has been depressed recently, creating a good buying opportunity.
FUND TIP OF THE WEEK:
■ We've been put off this infrastructure investment trust due to the whopping incentive fee managers have helped themselves to - and the replacement deal they have offered to drop the fee in future.
SHARE TIP UPDATES:
■ ICAP
BROKERS' TIPS:
STRATEGY:
■ Time to 'have it large'? - What size of US stocks offer the best upside opportunities right now?
FUNDS:
■ Fund news: Hargreaves Lansdown in tax showdown with HMRC.
■ 2020 Olympics boost to Japanese economy - Fund managers say the feel good factor of the Tokyo Olympics will be good for Japanese equities.
■ The big theme: Beat UK equity income concentration
SHARES:
■ The lowdown on the latest company results:
■ Abcam
■ Ashmore
■ Brady
■ City of London Investment Group
■ EMIS
■ Go-Ahead
■ Monitise
■ Ricardo
■ Stock screen: More outperformance from the momentum portfolio.
■ Sector focus: Airlines switch on the warning lights.
■ Dividend of the week: Scouring companies with a market cap of less than £1bn.
■ Directors' dealings: Notable transactions at Low & Bonar, plus a table of all boardroom share trades.
■ Week ahead: A summary of key company announcements expected in the coming week.
TAKEOVERS:
■ Download this week's takeover tables as a PDF.
