diff --git a/digital-garden/finance/warnings.mdx b/digital-garden/finance/warnings.mdx index 6112920..0d99b80 100644 --- a/digital-garden/finance/warnings.mdx +++ b/digital-garden/finance/warnings.mdx @@ -4,8 +4,8 @@ import BuyMeACoffee from '@site/src/components/BuyMeACoffee'; # Warnings ## Laws can change -Following the Brexit, effective Jan 31st 2020, UK-based stocks have lost their eligibility to the [PEA](./getting-started/account-types#PEA). -Impacted investors had to either sell their positions, or transfer them into a [CTO](./getting-started/account-types#PEA), thus losing any tax benefit. +Following the Brexit, effective Jan 31st 2020, UK-based stocks have lost their eligibility to the [PEA](./getting-started/account-types#pea). +Impacted investors had to either sell their positions, or transfer them into a [CTO](./getting-started/account-types#cto), thus losing any tax benefit. ## Fees can change In the 5 years I have been investing so far, I faced various modifications of fees from my brokers: @@ -48,4 +48,7 @@ The main driver behind long-term stock performance is earnings growth. The more a company generates cash and keeps generating more year after year, the higher the stock price goes. Circumstances can change, and earnings can face dramatic changes (think of Covid). More resilient sectors include consumer staples and healthcare. +## Winners can change +Sectors that face tough competition and innovation are most prone to seeing +