Market report

Let’s focus on the good news first.

Moody”s said last week the chances of a downgrade are only 30%.

The stalwart in our portfolios the Balanced Fund is growing slowly but surely. We are near to the annual run in the stock exchange. This normally runs from October to January. We normally experience very good returns during this time.

Do you also experience a change in attitude in service delivery? This breeds trust and turns heads towards expansion and investment in business. A small wave may become big very easy!

The not so good news is:
The property side of our portfolios is still waiting for the signal.
We still have to survive the other two rating agent’s visits! We have not seen or heard any encouraging financial remarks from government. Mr. Gordhan is battling alone, it seems.
In one of my previous updates I made the remark that this might be the 3rd year in 20 years our returns might be less than 9%. It may still become a reality. Sit tight and let the markets sort itself out. Things have to turn soon!

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