Load shedding, a war still raging 15 months on, a banking crisis and an Russian arms deal have left the rand plummeting. All these factors are enough to make any individual want to run for the woods. But where do we go?
The recent banking scare in the US brought back so many memories of the global financial crisis – something we haven’t seen before. Not only is media more accessible and viral than ever before, but access to an investment or bank account is as well. In the US, panic led to immediate overnight withdrawals, which created even more panic and essentially a bank run.
Markets have historically always recovered, and much quicker than we anticipate them to. Let’s have a look at the most recent crashes:Following a well-diversified strategy, including all asset classes, will help to ensure a resilient portfolio. Opting for cash or bonds in uncertain times can have long-lasting effects on your financial future.
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Source: FinancialMail - 🏆 20. / 63 Read more »