I have to say I always dislike writing “the year ahead” pieces at this time of year because in my way of thinking the change of calendar year is broadly meaningless in the overall scheme of investing. I see investing as similar to a game of sport, but one where there is no “full-time siren”.
Investing is about cycles, not dates. The question becomes where are we in the economic and investment cycle? That is far more important than anything when it comes to growing and preserving your investment capital.
We are in a period of synchronised global growth. All major economic jurisdictions of the world are growing. This will continue to drive profit growth in equities and eventually some inflation as slackness in labour markets dissipates.