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Five lessons learnt in 2016

It has been a while since I last posted – 2016 has been a year to remember…I think that this post by Anet Ahern from PSG pretty much sums it up. Happy holidays and here’s to a better 2017! 1.   The best investment decisions aren’t always the most comfortable During the first two weeks of 2016, the S&P 500, Dow Jones and Nasdaq Composite indices were down between 8% and 10% – the worst start to a year ever....

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TFSA or not to TFSA?

TFSA or not to TFSA?

Alec Hogg recently wrote a piece encouraging people to take full advantage of the tax free savings account before the end of February (http://www.biznews.com/undictated/2016/02/05/go-full-out-for-tax-free-savings-accounts-but-with-two-provisos/)…I disagree with him on this one and here are the reasons why. Sorry Alec but I disagree with you on this one…I have previousy written about how I’m not so excited about TFSA...

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Guaranteed returns or guaranteed losses?

Guaranteed returns or guaranteed losses?

It seems trite to be talking about investment returns in the context of the “feesmustfall” campaign however, there are people who still need to invest and grow their money and in some ways life goes on. One of the more frequent conversations we are currently having is around the issue of market volatility – which to some investors is apparently a new thing. It is in this context (and on the back of 7-8 years of really good returns)...

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When Stocks Plunge

When Stocks Plunge

Some thoughts on the market’s slide – with thanks to the Motley Fool http://www.fool.com “Global jitters” was used in the media 933 times last week to describe why the market was falling, according to Google. Thanks, that’s really helpful. It’s the equivalent of a doctor diagnosing you with “general illness.” S&P 500 companies earned something around $38 billion in profits over the last...

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SATRIX – ETF or UT?

SATRIX – ETF or UT?

I have written about the merits of using the unit trust versions of the SATRIX Funds previously but a recent example once again highlighted the advantage of the unit trust over the ETF. Apart from the fact that the UT is cheaper than the ETF (the underlying funds are the same price but there is no “platform fee” on the UT) it is also simpler and quicker to get your money out of the unit trust than the ETF. To redeem a unit trust...

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Fear and greed

Fear and greed

We bought dollars for a client recently at R12.60/$. It just seemed wrong; the rand is way under-valued and yet in the short to medium term there is absolutely no good news to suggest that it will get stronger any time soon. And yet it probably will. We know this because it has happened before. Remember 2000/2001 where the stories of people getting money out of SA at all cost are now the stuff of legend. Money in socks, money in friends’...

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