More videos and a Change of Tactics

I’ve been immersing myself in yet more bear fodder videos, this time from the FT and their excellent journalist Jount Authers.  I cannot recommend his daily ‘short view‘ videocast enough.

In the videos below, he interview John Rogers who echoes the same thoughts as in his earlier videos I’ve posted.

Following my atrocious portfolio performance, I’ve decided to change tack and take heed of Mr Rogers warning that we should invest in areas which will come of this crisis with the ‘fundamentals left unimpaired’ (referring of course to commodities).  He states that the only way you are going to make real money is by holding onto real assets.

Regarding the prospect of deflation, he points out that the period of forced liquidations which is pushing prices down will end and, due to goverments printing money, will be replaced with rampant inflation.

Thus, I’ve decided to transfer most of my decimated small cap portfolio into hard assets via exposure to small cap Oil E&P companies with a view that they will come out wit their fundamentals unimpaired.

Obviously I’m exposed to only one sector but, as a firm believer in Peak Oil,  I’m fairly relaxed about this as the fundamentals are in my favour and over the long term I think this should make money.