Our friend Mr Market is still in a happy mood, with the FTSE 100 continuing to add to the gains we've already seen. We're up almost 7% for the year already, in just the first month. Of course this won't last, so don't be surprised if we see a fall back in the weeks ahead.
As always, my approach is to fix my eyes clearly on the future, about five years down the line, which gives me perspective and the ability to largely ignore what's happening today. Instead, I'll just stick to buying above average businesses at below average prices.
And speaking of above average businesses, this week I carried out a quick review of Serco, the FTSE 100 outsourcing company. You can see what I thought in the article below.
Are Serco shares a good investment?
Serco Group is a FTSE 100 listed support services and outsourcing company. It has over 100,000 employees, international operations and provides a wide range of operational and process related services. Recent contract wins include ground maintenance in Canterbury, operation and maintenance of a new Bus Rapid Transport System in Indore, India, and an extension to continue running the Docklands Light Railway... Read the rest of this article >>
Have a good weekend,
John Kingham
Editor, UK Value Investor
Email: john@ukvalueinvestor.com
PS. To find shares with the best combination of high yields and steady growth, try my newsletter risk-free for six months - Find out more >>
Note: I provide information for investors who can make their own decisions. I do not provide financial advice. You should seek a professional advisor if you think you need one. Please remember that the value of investments and their income can fall as well as rise.
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