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“ What happens from day to day or week to week washes over you . But it ’ s also a question of how you ’ re adding value ”
world is adapting , but just don ’ t get blown off course by it . “ As an investor , you have to develop your own compass and have your sights very firmly set on the horizon you ’ re trying to get to .”
Washing over you James Budden , director of marketing and distribution at Baillie Gifford , says your definition of noise should depend upon your investment edge .
“ Quite frankly , what happens from day to day or week to week washes over you . But it ’ s also a question of how you ’ re adding value ,” he notes . “ We think about how company fundamentals will grow over five to 10 years . We don ’ t think we can add value through saying what ’ s going to happen if Joe Biden wins the election or if interest rates go below zero . We don ’ t have any more insight into that than the next person .” But Budden says it is not just big macro announcements that
PERFORMANCE OF FUND VS SECTOR IN 2020
IA UK All Companies ( -21.13 %) CFP SDL Free Spirit ( 4.05 %)
10 % |
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0 % |
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-10 % |
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-20 % |
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-30 % |
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-40 %
Jan20
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Feb |
Mar |
Apr |
May |
Jun |
Jul |
Aug |
Sep |
Oct |
Source : FE Analytics
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