Due to Simon’s travels we recorded this episode a few short hours before news of the S&P ratings downgrade reached us. I was depressed about the state of affairs even then. I don’t know if I would have been able to get out of bed for a recording after the downgrade.
Weirdly we had a question about the downgrade on ice for this episode, so we delve into what it means. I also found this interview with our bestie Nerina Visser very helpful. So much was said and written about it in the 24 hours after it happened, I don’t think I can contribute anything meaningful to the discourse. Simon’s JSE Direct podcast provides helpful information on what this all means.
I’ve been thinking about the impact of currency movements on my portfolio for a while. You may remember so far my investments haven’t really been making much money. I get very excited when there’s currency movement, because my entire tax-free investment account is made up of DBXWD and CSP500. When the rand weakens, these dollar-based investments momentarily shoot my portfolio into profit. It’s a happy time until the rand strengthens again. This time around I’ve devised a plan to capitalise on it. I ask Simon to sense check me in this episode, then I did it. So far, I have no regrets.
Kris
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