Investments / General

Nothing is more important than the price you pay

A close analysis of 150-years of US equity market data confirms an astonishing relationship between the price of an investment and its subsequent 10-year average return. The conclusion is that the entry price paid for a share is by far the most important influencer of long term return. “The one constant in stock markets, the one thing you can hang your hat on, is that the price you pay for something will always matter,” says Liam Nunn, a fund manager at global asset manager, Schroders. “The weight of stock market history confirms that the amount you make from an equity portfolio is directly linked to what you paid for your shares”. He was presenting on the first day of the Meet the Managers 2021 event, hosted by The Collaborative Exchange.

How to gain the most from your tax-free investment plan

It’s been six years since National Treasury introduced tax-free savings accounts (TFSAs) to encourage South Africans to invest. With a TFSA there is no tax on interest or dividends received, and no capital gains tax (CGT) on funds withdrawn.

Income funds still have a place in a volatile environment

Standard Bank advises and arranges SA’s first listed social bond for TUHF Ltd

TUHF Ltd., with the assistance of Standard Bank, has launched South Africa’s first social bond listed on the JSE, the proceeds of which will be directed towards inner-city affordable housing projects.