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The JSE was down sharply last week as scandal engulfed one of the biggest shares on the exchange. Steinhoff International shares plunged after the company’s auditors refused to sign off on its latest financial statements and its CEO resigned.
While it might be hard to remain calm during market turbulence, if your customised investment plan is in play it is advisable to stick to the plan, regardless of market cycles. Even if you are feeling uncomfortable about the political or macroeconomic climate, it is best to consult a financial adviser before taking a knee-jerk reaction to short-term market fluctuations or volatility.
The strong performance by US banks in the last year bode well for investors in the Discovery Global Value Equity Feeder Fund, who saw returns of 31.86% over the year to 30 September 2017 and 17.1% annualised over three years to end September 2017.
The saying “don’t put your eggs in one basket” should be every investor’s mantra. Anyone who has felt the pain of investing in a single stock or sector just before it crashed knows the danger of ignoring this advice all too well.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?