Good evening everyone,
What a first quarter it’s been so far!
You may be thinking, where are these guys, do they know that we are feeling pain out here? Don’t worry, we’ve been holding onto our seats & studying the fundamentals, attending investment updates & reading plenty of material….we’ve also been keeping up with client portfolio reviews, developing financial plans & speaking to those of you who either 1) have further funds to invest (are we crazy to even talk about that?) or 2) are worried about the future of the global financial landscape.
We are well aware that you are taking huge strain. We are also scrambling for insights which may inform us & give us a platform to advise you. But, it is so early in this new environment of multiple market influencers, as in local budget speech, Coronvirus / COVID 19 / oil price war, to make any logical and sensible decisions.
The environment is worrying, but when the emotion subsides, it will also offer opportunities as stocks are now cheaper than they were, interest rates are even lower (in the US) than they have been & oil is also attractively priced. This means that the level of economic activity that we may experience in coming months due to the Coronavirus, may receive a huge lift before the end of the year.
We are all in this crazy global cauldron together & the spoon that stirs the mix is social media. We are watching various ingredients go into that pot & are wondering what the taste of this toxic/delicious mix will be when we take the pot off the stove.
I am encouraging that most take no action for now, but are thinking a lot about what the effects of these multiple issues will be in the longer term & you are welcome to open a dialogue with us about your thoughts in this regard.
I thought this short video with Morningstar’s Global Chief Investment President & officer, Daniel Needham would add some insight into this crisis Watch video (3 mins)
Get yourself organised at home with plenty of reading material, a few good beverages & pay your DSTV or Netflix fee & don’t forget to dose up on a healthy diet or even a hot toddy of apple cider vinegar & lemon juice.