Our job is not to predict the future nor is it to make macro bets.
More importantly, a focus on dividend flow, and the reinvestment of that dividend, has been proved to generate good total returns over the longer term.
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There are fewer places to hide in choppier waters, but one just needs to adopt the mindset of a business investor, not a stockmarket speculator.
Carl Stick is manager of the Rathbone Income fund
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