Hi Tom
But also potential buy opportunities in the making.
Investing as a 'business' and a business with multiple product lines (stocks, cash, gold, whatever) tends to be more sustainable than a business with just a single product line (stocks). Bad times for one product line (sun-cream in winter, rain macs in summer) can be good for other product lines. And where AIM provides a ongoing indicator of appropriate amounts of capital to deploy into each product line.
Life is full of risks, no guarantees. Our business might go on to be worth multiples more in inflation adjusted terms decades later, or might falter/fail after 25 years of having provided a 5% inflation adjusted start date business value yearly income. As a business AIM/investing is one of the best, as you can work whenever and wherever you desire, typically requires relatively little effort, where the staff have all been replaced with 'robots' so no stressful personnel issues and where the business accommodation could be a simple portable shoe box.
Cancer for one can be the source of benefits to others - harsh but just a fact of life. AIM as a business is pretty much self directing, leaving our sole decisions pretty much being limited to just defining which product lines the business will carry. Beyond that and its more a case of just sticking our nose in once/month or so, just to ensure that the capital allocation manager and sales/purchase teams are keeping on top of their game and sign off (trade) their books.
Our business wont be the greatest performer, that is inclined to be awarded to those whose business carried just a single product line. Neither will it be the worst, again where that is inclined to be just a single product line. Generally however the tendency is for AIM to be up-there, closer to the best than the worst. Whilst many might opt for a business carrying a constant 60/40 rain-macs/sun-cream, AIM is more inclined to dynamically weight such that when you look back at its average weightings they were more appropriate according the circumstances endured than that of a fixed 60/40 (whatever) choice.
Best wishes.
Clive
