Investors, not traders

Quick take

In this latest video, John emphasises the need to stick to a long-term view, amid the market turbulence caused by the Iran conflict: 

• We’re investors, not traders. That means taking a long-term view. 

• Trade in oil and other commodities is disrupted by the war, but the US, Iran, and China all have an incentive to end this disruption in the longer term. 

• We don’t see a repeat of 2022, when stocks and bonds both fell on Russia’s full-scale invasion of Ukraine: the current conflict began with markets in a stronger position. 

• We recommend not materially reducing overall market exposure – all the more so, as any rally could be quite sharp and immediate on any news of a resolution.