If you currently own a portfolio of shares, and did not have or implement a stop-loss strategy, then our advice, at this point, is to wait and see how this market unfolds - especially if you have high-quality rand-hedge shares. We do not see this "quarantine recession" and its concomitant bear trend lasting very long. Our view is that markets, world-wide, will begin to discount a recovery
Amidst the bloodbath on the JSE, there have been some winners among the losers. Consider this market carpet of the JSE sectors for the week ending 20th March 2020:
Amazingly, five sectors showed positive growth during that most horrendous of weeks – and they can give us some pointers as to where we should be looking in the crisis for potential investment
I saw my first bear trend in 1969 – I was 16 years old and still at school. I did not really understand what was happening – but it made a deep impression on me. Since then I have studied all the major bear trends going back to the 1907 bear market.
I did this because I believe that the only intelligent way to predict the future is to study the past. Consider: the only reason you know that the sun is going
Buying shares in Standard Bank has always been a long term investment in South Africa and Africa in general.
The company is enormously profitable producing over R28bn in headline earnings in the year to 31st December 2019 – and it is the ultimate service business which receives its income from a spread of millions of individuals and companies. Banks are the only organisations in the
This month’s Confidential Report is dominated by two major developments:
- Internationally, by the correction in world markets caused by the coronavirus - which has been gaining some momentum with the S&P500 index down 12,75% at one stage from its highest point.
- And locally by the South African Budget – especially the plan to cut R160bn from the wages of