Finding dividend certainty in uncertain times

Three stocks to deliver growth

Perhaps the biggest debate in the financial columns is whether we are entering – or already in – a recession. There are logical arguments and evidence on all sides. For instance, we are well into US Treasury yield curve inversion – a classic recessionary indicator.

It seems investors can only really be certain of one thing: uncertainty remains. But uncertainty is different from risk. In terms of equity investing, risk is the probability of negative outcomes occurring over the long term, while uncertainty refers to the likelihood of negative share price movements in the short term. Higher inflation forces BoE to pursue rate rise in face of banking crisis What should matter most to long-term investors is not uncertainty, but managing risk. Cash generative businesses with unique competitive advantages and robust balance sheets naturally have ...