Alan Miller's Blog

Car

Uber & Tech investors beware – Greater Fool Theory is not a good way to invest

Date Published: 20 May 2019

Category: Uncategorized

In our last blog, published on 1st May, entitled “Complacency Rules OK”, we said that investors appeared to be complacent that markets would be subdued and volatility remain at very low levels.  That was two weeks ago, and as the chart below shows, volatility as measured by the CBOE Volatility Index, known by its ticker

Read More

Sheep

In the World of Investing Complacency Rules OK

Date Published: 1 May 2019

Category: Uncategorized

In investment, when everyone is pointing in the same direction, like sheep, it is normally the wrong direction. So, when I read a few days ago that “Hedge Funds are shorting the VIX at a rate never seen before”[1], I was incredulous. The CBOE Volatility Index, known by its ticker symbol VIX, is a popular

Read More

See no evil icon

FCA turning a blind eye

Date Published: 6 February 2019

Category: Uncategorized

Despite complaints to the FCA by SCM Direct, Charles Stanley Direct continues to show every new client, a ‘generic’ illustration of the costs and charges rather than showing the actual costs pertaining to the investment they’ve chosen.  SCM Direct’s view is that Charles Stanley’s illustrations of costs and charges flagrantly breaks the rules and is

Read More

Sometimes the best value is right on your doorstep – Invest in the UK

Date Published: 18 March 2018

Category: Uncategorized

Since SCM started, we have found considerable opportunities outside the UK by investing in stocks with either lower valuations or higher growth potential, or ideally a combination of the two; rather than in their UK alternative. Since SCM started investing for clients on 8th June 2009, investors would have received 92% extra return in £

Read More

Sign up to our monthly factsheets