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If only. If only we knew what was ahead. But maybe we might not get out of bed. Maybe we might sell out 'lock stock and barrel" and go bush. Maybe instead we might put it all into the markets and make our fortune in a matter of a year?
Possible? Yes but the average person is not skilled up. Others may possess the skills but lack the nerve or the verve.
We will look at some charts in the coming weeks, but ostensibly equity markets have moved little in the last year. We have seen volatility in equity markets, so for traders such times have been gold. Futures markets have also been gold - but for the skilled.
New Years are of course for resolutions. And if you missed the western New Year you have the Chinese New Year - February 4 - and plenty of time between now and then to consider your investment goals for 2011.
An excellent starting point is to commit goals to print. These will be your roadmap for the year and will be a basis for review one year out. Don't underrate the benefit of having a basis for review a year away.
So where to set one’s sight?
Where one might set sights will depend on many factors such as current skill level, past experiences - good and bad; our preferences - short long equities or futures; and a not oft spoken aspect is our psyche.
Could I encourage you between now and next week to consider your year ahead? Next week we will delve deeper, and if you review between now and then your own outlook may mean what I have to say is more relevant.
Enjoy the ride
Tom Scollon
Chief Analyst
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