Market update

The JSE plummeted from touching 69000 points a few days ago to 66300 points on Thursday and Friday 21 and 22 August. USA Federal Reserve Board meeting minutes were responsible for this world wide drop. Mining was the worst hit. The exchange rate dropped from 14.23 down to 15.26.

The most exciting news was that our investments were spared this time. The portfolio managers really pre-empted the situation and kept our money outside this downward spiral.
If we look back we see that Coronation Balanced Plus as well as Glacier Moderate Aggressive delivered a return of more that 21% over the last 12 months.

My take on the feelings of the portfolio managers from Coronation, Stanlib as well as Glacier is that positive returns can be expected in the next few years.

Please let us enjoy the positive returns after years of bad returns.