The Fantasy Sipp continues to chug away quite well and is beating its benchmarks of the FTSE All-Share index and the S&P 500. Over the past month, 16 out of 21 of the holdings have made positive returns.
Despite this strong performance, I don't feel very bullish. Valuations of high-quality shares remain very high, yet there are signs of growing economic weakness everywhere. Despite this view, I am not going to try and time the market. The Sipp portfolio is intended to be for all weathers and will experience ups and downs - perhaps big ones - and if you can't cope with this and the fear of the value of your portfolio going down then there are less volatile asset classes than equities to invest in.