Where five-year performance is not available, the longest period available has been used, eg three yearsPSG Wealth Old Oak portfolio manager Schalk Louw is characteristically sanguine. He notes that comparisons between the JSE’s performance and other stock markets such as the New York Stock Exchange, which has done a lot better than the JSE for a while now, should be done over the long term.
It has been tough doing business in South Africa for the past five years, he admits. In 2012, South Africa moved out of recession and money was flowing back into emerging markets, but the political environment soured, he says. The currency came under pressure, and so did listed companies. Globally, uncertainty persists. The Trump trade war has affected Chinese internet companies, for example. South Africa did have a bad year, but so did other emerging economies. There is turmoil all over the world, especially in emerging countries, he says. “The US market has been boosted by artificial money, and somewhere along the line that will stop.” Indeed, at the time of writing, thereports that analysts believe US stocks are looking increasingly expensive compared to the rest of the world.
This may be the time to buy, selectively, shares on the JSE but the adage of “time in the market is better than timing the market” surely holds true for most investors. Five years is the minimum, but clearly, that is not always long enough.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BUSINESS MAVERICK/NEWS ANALYSIS: Gloves come off between SAA CEO and his boardThe relationship between the CEO of SAA, Vuyani Jarana and the board of the beleaguered airline appears to have irretrievably broken down, with the board investigating the CEO for a breach of confidence and he, in turn, threatening legal action. With the airline in a precarious position, this is probably not ideal. SAA still captured it seems
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick Analysis: A heroic, if somewhat sceptical, defence of free tradeIf there is one event that had really marked the current era it’s that terrible phrase ‘trade war’. Yet US President Donald Trump is putting ideology and politics before history and logic pursuing this chimaera, something oddly akin to what leaders in communist countries used to do. He should re-read his Ricardo. He has read Ricardo, right?
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Thursday, June 6: Five Things You Need to Know to Start Your DayBoeing is in talks for a megadeal that the trade war could derail. Asia equity futures are mixed after a U.S. stock advance. And the Trump administration readies a $2 billion Taiwan arms package. Here are some of the things people in markets are talking about today.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Lagarde Says Trade Risks Becoming Reality as Global Growth SlowsFears that rising trade tensions might undermine global growth are becoming a reality, contributing to a widespread slowdown in the world economy, according to International Monetary Fund Managing Director Christine Lagarde.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Fiat Chrysler withdraws merger offer for Renault, blames French politicsFiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world's third-biggest automaker. Just gotta love that French arrogance !
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Here’s What to Watch at the G-20 Finance Meetings This WeekendRisks from the U.S.-China trade war and an expected turn in global monetary policy will feature high on the agenda as finance and central banking chiefs from the Group of 20 gather this weekend in Fukuoka, Japan
Source: dailymaverick - 🏆 3. / 84 Read more »