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Still recovering

15 August 2004 Angelo Coppola

(16.8.04) Bonds were marginally weaker, probably correcting after the strong run on Thursday resulting from the rate cut.

Commodities closed higher on Friday. Oil prices surged to new highs and are still a major concern worldwide.

European markets closed in the red, with the FTSE leading the way, shedding 0.61%. US markets closed marginally higher; the Dow Jones gaining 0.11% and Nasdaq rising 0.27%.

The Far East is trading lower this morning; the Hang Seng by 1.22% and the Nikkei by 0.91%.

Local markets should have a quiet day after last week’s rally; but keep a sharp eye on the rand.

 

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QUESTION

Do you believe this is the toughest period for financial advice in many years?

ANSWER

Yes, it’s hard to navigate the challenges and difficult to adapt. I’m struggling.
No, I have managed to navigate the challenges and have adapted. I’m good.
50/50. I just feel like whether we like it or not, we have to ready ourselves for change… be resilient and scale for the future. It’s not about survival of the fittest anymore but survival of the quickest. We just have to move on with life.
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