Shares are tumbling. Why not flip to booze? | Cash

Well, we didn’t have to attend lengthy for the inventory market correction that I described right here as “inevitable” two weeks in the past. On Manic Monday the Nasdaq index of know-how shares slumped to finish the week 14 per cent decrease than the place it started the yr.

Probably the most priceless holding in my perpetually fund — the digital big, Apple (inventory market ticker: AAPL) — has fallen a bruising 7 per cent this month. Ouch!

Luckily the FTSE 100 index of Britain’s largest shares has scarcely fallen this yr. That demonstrates the worth of diversification to decrease threat, as I’ll have talked about earlier than.

So does the efficiency of my shares in “previous financial system” companies, such because the oil big Royal Dutch Shell (RDSB) and the miner