It was a good week for the SA economy, even if that didn’t reflect on the stock exchange. The dropping of the charges against Gordhan instantly reflected in the exchange rate though – why the disparity? Stock exchanges are more inclined to move downward on political risk, and are slow to recover, not necessarily reacting to good news.... Full transcript available in a newsletter. Email me on email@example.com to get on the mailing list.
All the signs are toward tougher times but with better prospects on the horizon. Our economy is still heavily dependent on resource exports and this gradual recovery is good news - but should not be squandered. With flat returns from equities, fees are coming under the spotlight.
Everyone clamours after passive income. The thought of having money flow into your account, day and night with no effort, is intoxicating. Thousands of bestsellers have been written about it, but don’t be fooled, it is also very hard to do properly or quickly. In one way or another, most of us trade our time for money. You can read the full blog HERE.
Once again, just as the Rand looks set to improve, the Hawks fly in and much it all up again. The All Share also took a knock. The USA is preoccupied with their elections but as soon as the results are announced, irrespective of which candidate wins, the volatility in the market is likely to increase.
Wealth is what is left after you have consumed your income. This podcast looks at the consumption variable and how it can impact on your wealth. The original blog can be viewed at http://kerenga.com/wealth-equation-consumption/
This week I look at the reasons for the exchange rate volatility and the possibility of an interest rate hike. In the special topics I look at how to invest for children and 'Rand Cost Averaging'.