Explore the Category
“Age is an issue of mind over matter,” Mark Twain once declared. “If you don’t mind, it doesn’t matter.”
The retirement fund industry sold their clients the dream of becoming a multi-millionaire by simply investing 15% of their monthly income into a high equity fund for the next forty years, and with such a fund delivering a compound return of 16.5% per annum over the last 40 years, this actually seems possible. However, there is one little catch – the return is quoted on gross investment returns and fails to include the impact of fees and inflation.
During tumultuous market spells, it would be nice to believe that risk-free investments exist, and that government debt is a risk-free harbour. After all, governments don’t really go bust, do they? But John Beck, senior vice president and co-director of our International Bond Group, Franklin Templeton Fixed Income Group®, argues there are no safe havens. Read on for his explanation for why he takes facts over comfortable fictions.
For some time, we have regarded Africa as a key long-term destination for emerging- and frontier-markets investment due to what we view as the continent’s combination of strong economic growth, attractive demographics and improving market access. However, we believe a lack of investor familiarity with African investments has left many company valuations well below those paid for peers elsewhere.
Do you think short-term insurance broking will survive the AI plus humanoid robotics age?