The JSE's Terrific 10
Similar to how the US has the Mag 7 that has driven the bulk of the gains there, SA has its own Terrific 10. These 10 shares have contributed 94% of the SWIX's total gains of 20.8% ytd. The Top 3 accounted for 52%!
Key Sectors being Gold, Media, Telcos & PGMs
1/2 I can only quote the courts:
“An occasional swallow does not make a summer” An occasional sale of shares yielding a profit does not in itself make you a dealer. - CIR v Middelman
Now think about risk assessments for clients and creating a low risk portfolio. Imagine if your financial advisor did not understand what risk really is .
Big sell off continues especially on nasdaq shares. Usa long bond at 3.7%. The usa jobs number was also poor. Great worries now about a hard landing in usa, leading to speculation that the first interest rates cut will be 0.5%. Ultimately the long bond etc is good for EM shares
Well usa economy growing really strongly. 10 y bond at 4.6%. Now again the chances of a rare cut this year has receded. Hence the stronger usd weak rand and our really poor market. This is a seesaw. On Friday, exactly the opposite was in play!
Sarb left rates unchanged as expected. Sounded a little more positive on sa economy " risks to growth are balanced ". The Sarb will not move before the fed. The fed is data dependent as is every other player. I still think rate cut in June
A great new year to everyone. Hope year is the SA, Rand, commodity, and general SA shares year. I still think that the cycle has turned, despite the poor start to the year. Complete reversal of the end of last year's movements. Maybe we will get some data to confirm cycle change
JSE All-Share: The last 20 years | 2003 to 2023.
Annualised growth rate (CAGR) over the 20 years was +10.5%.
Including dividends, it improves to 14.0%.
SA Reserve Bank kept the Repo rate unchanged at 8.25% as expected. The decision was unanimous. The Reserve Bank warned about the upside risks to inflation, and made it clear that they will hike rates if inflationary pressures worsen. A good decision given current circumstances
To become financially independent, you must save a lot. You need to consume less than you earn, and invest the difference. Your savings rate is a more reliable predictor of your long-term wealth than your investment returns.
SA inflation falls more than expected again. Down to 4.7% almost at the reserve bank actual target of 4.5% . No further SA rate increases unless catastrophe happens. Month on month high but once again administered prices