Tuesday, 29 December 2015

Why Clients Fail At Retirement

Why Clients Fail At Retirement

Monday, 14 December 2015

Cees Bruggemans: Zuma changes his mind

Zuma "changes" his mind


The madness of King Zuma | South Africa | Daily Maverick

The madness of King Zuma | South Africa | Daily Maverick

Cees Bruggemans: Fearful, Fearless

I have a problem. It is called a duality. Thinking South Africa (there is a much bigger other South Africa, worthy of its own psychoanalysis), breaks down into two clear groupings, those fearful (many by now petrified) and those not fearful (many to the point of casualness). There doesn't seem to be a middle way. This is just an anecdotal observation, but a powerful one, for where does this distinction in thinking originate?
It doesn't remind of dog lovers (nearly everyone can be made to love a dog, no matter the mongrel), but certainly of cat lovers (most human populations split in two, either loving cats, or hating them with a passion, but nearly no-one being indifferent to them, something to do with regal cat personalities which calls forth either genuine admiration or deeply felt abhorrence).


The big price plunge | Opinion | Moneyweb Today

The big price plunge | Opinion | Moneyweb Today: Moneyweb Today - Finance and business News in South Africa, JSE Indicators and SENS releases

The funds caught in the Nene storm | News | Moneyweb Today

The funds caught in the Nene storm | News | Moneyweb Today: Moneyweb Today - Finance and business News in South Africa, JSE Indicators and SENS releases

Rian Malan: Zuma going the full Mugabe

Rian Malan writes on the President’s disturbing speech rationalising his sacking of Finance Minister Nhlanhla Nene:

Like all South Africans, I woke up this morning to great lamentations and gnashings of teeth about president Zuma’s decision to, um, redeploy minister of finance Nhlanhla Nene. All commentators agreed it was a shockingly bad move. Most speculated it had something to do with Mr. Nene’s determination to control spending and block projects that seem dear to the presidential heart – the purchase of SAA Airbuses through mysterious third parties, for instance, or the fiscally suicidal Russian nuclear power deal.

But as of this writing, nobody is paying much attention to the speech Zuma made immediately after his fateful move against Nene. This is a pity, because it was an extraordinary address, delivered without benefit of the written material over which Zuma so frequently stumbles. This time, he looked his audience in the eye and spoke off the cuff for fifty-odd minutes. And what he said was….well. In his own estimation, it was “most historic.” One got the impression that the president felt he had crossed a threshold, and needed to explain himself...


Fin24: Zuma's (forced) turnaround

Gordhan's return: Will SA force Zuma to fall on sword?


Fin24: Zuma's blunder - economists speak out

Dawie Roodt: Zuma must go, he's a disgrace


Fin24: Massive political defeat for Zuma

Massive political defeat for Zuma


Wednesday, 28 October 2015

The risk of de-risking your investment portfolio nearing retirement

FinaMetrica’s analysis of 45-year portfolio history shows that the financial services industry has overstated sequence risk to investors. Advisors who have 'de-risked' older investors' portfolios by reducing the asset allocation to equities have cost their clients money in retirement.

This podcast discusses FinaMetrica’s non-intuitive findings from research into sequence risk. Essentially, over the past 40-plus years investors would have had more money available to them in retirement if they had maintained higher equity exposures in their retirement portfolio, except in 5% of cases where there is no difference in outcomes.

The data shows that the industry is overstating sequence risk to clients and de-risking portfolios, when they should be focused on choosing a portfolio consistent with their risk tolerance and taking a sustainable level of regular withdrawal.


Have asset managers been absent landlords? | Industry | Moneyweb Today

Have asset managers been absent landlords? | Industry | Moneyweb Today: Moneyweb Today - Finance and business News in South Africa, JSE Indicators and SENS releases

Friday, 23 October 2015

Wednesday, 23 September 2015

8 Classic Pieces Of Investing Advice From Yankee Legend Yogi Berra

“If you don’t know where you are going, you’ll end up someplace else.”

“We made too many wrong mistakes.”

“A nickel ain’t worth a dime anymore.”

“It’s tough to make predictions, especially about the future.”

“In theory, there is no difference between theory and practice. But in practice, there is.”

“Ninety percent of the game is half mental.”

“If you can’t imitate him, don’t copy him.”

“The future ain’t what it used to be.”


Tuesday, 8 September 2015

Monday, 25 May 2015

FT.com: Interior minister warns Greece will default on June IMF repayment


Friday, 22 May 2015

Piet Viljoen RECM: Dark Days for Contrarians

Investing is simple but not easy and the degree of difficulty is determined by the amount of emotion involved. Seldom before has being a contrarian value investor been more difficult. We hold our conviction that the best protection against permanent capital losses – and against the market manipulation of today's central banks – will be cheap assets. So if one can avoid being forced into 'growth' assets by central bank interest rate manipulation and consultant-driven herding behaviour, we think it won't be long before there are rewards for the few who could stay the course. Rewards that will more than make up for the recent tough times for contrarian investors.

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