Don’t be tempted to blow your budget and go into debt over the holidays. Standard Bank’s Sugendhree Reddy offers advice on keeping it tidy this year.
In the 28 November issues of Finweek, we examine how you can ensure that your children grow up rich, even if you don’t have much in the bank. In this series we share five tips to help you build a bright future for your little ones. Make sure to have your pen and paper ready and tune in everyday for some insightful pointers.
Steen Jakobsen has a warning to investors: there are too many similarities to the economic conditions of late 1999 today in 2013 and it’s a major concern. Saxo Bank’s Chief Investment Officer says until the last three months of that year, “everybody” under-performed. Then there was a massive move into equities. He says too many people were mispricing the Federal Reserve at the time and we’re seeing the same thing now. Big falls in global stock markets occurred in the first part of 2000.
Over the last few weeks, Finweek has been receiving enquiries from readers around what to do when it comes to trading the gold price. Our standard response is that gold is not a store a wealth or inflation hedge but rather, a volatile trading instrument which attempts to predict movements in the US dollar.
Leading technical analyst and Finweek contributor Moxima Gama has recently suggested to our readers that construction group Murray & Roberts is on her radar. She is joined by the team from Element Investment Managers who recently told their clients that they like the story as well. Analyst Irina Gavrilova explains:
We recently touched on franchising as an option for South Africans who were keen to build sustainable long-term wealth. While many may not be keen to get their hands dirty actually operating a franchise, one option is to look at buying shares in either local (For instance Taste Holdings or Famous Brands) or looking at some of the big international players including McDonalds which is due to report financial results shortly.