Gosling's Grouse: Have a little patience with equities

Are investors falling out of love with equities? We all know about the so-called lost decade for equities investors who put money into the market in 2000, although that is a selective use of data.

If you put money into the UK market in 2003, only a couple of years after the dot.com crash, you money would be up about 60% in less than 10 years. So is market timing buying on dips or just luck? I would say it is about patience and buying when opportunities arise. The challenge we have is identifying the difference between a genuine opportunity in the equity markets from just talking something up. James Swanson, chief investment strategist at MFS Investment Management, made a good point to me last week, that the rise of the ETF market has exacerbated perceived market volatility to pri...