There is a potential lesson in all this. Timing the market is always very hard – and usually a mug’s game. But if you had bought the FTSE whenever a Tory government took office, and sold it when a Labour government got elected, you would have done remarkably well – and a lot better than just holding on to your portfolio through all the political weather. With that in mind, remember that there is an election in May, and Ed Miliband is currently leading in the polls. It is often good advice to sell in May and go away – but in the spring of 2015 that might be even better advice than usual.