Market Overview – Third quarter 2024
In-depth market commentary – Stay the course, patience pays off In previous market commentaries, we have spoken of the old adage ‘it’s not about timing the market but rather the time in the market that matters’. This past quarter re-affirmed this message. Whilst a myriad of global factors continues to threaten a further protracted economic and investment market recovery, investors who have exited the market (in their pursuit of timing it) would have been denied the meaningful investment return bounce over the past quarter. Over the quarter: Local equities ended the quarter up +9.6%, well ahead of Developed Market Equity and Emerging Market Equity indices in base currencies. The month of September alone reported a +4.0% gain as investor sentiment turned positive on the back of global and local monetary stimulus. The local Listed Property sector led the way with... Read More
The multi-faceted layers of educational costs
Dave Johnson Independent Trustee _______________________________________________________________________________________________________ The multi-faceted layers of educational costs I am sure that many financial plans include the provision for educating children and getting them started in life. Having gone through this with my four sons (actually still going through it), I realise that my original planning was considerably inadequate. Back then, I based my views on the costs my parents incurred getting my siblings and I started in life. I have since discovered that the world has changed significantly since then. Some of my experiences and observations relate specifically to my own situation whilst others are first-hand experiences of other parents. Years of study My original financial planning anticipated a student being at university for three to four years. I got this one wrong. For example, to qualify at UCT as a Chartered Accountant... Read More
