- Capitec* (JSE code: CPI) through results got everybody talking about the “arrears coverage ratio” dropping to 208% vs. 223% previously and vs. 196% in 2015. This got all the attention last time as well, I not concerned and my ‘aggressive’ buy price is now around R719.
- I have some USD expenses due in the next week or so and have taken a hedge using NEWUSD* just in case.
- Anchor Capital results showed a serious slowing of growth but still a stock with a great looking future and at around 600c very attractive.
- I have been trying to add to my very very small Sea Harvest* holding but I don’t want to chase the stock as I think we may see some weakness in the weeks ahead. 1275c would be my ideal entry. It traded 1270c last week, but I wasn’t paying attention and missed them.
- UK has triggered Brexit and now Scotland wants out of the UK.
- A really excellent post by Kristia on bond ETFs.
- Upcoming events
Protecting yourself from the Rand
With the Rand getting all hot and bothered again after a protracted run stronger I thought a quick look at how we can manage our portfolio against a weaker currency. We have the easy things like Offshore investments refer to investments made in countries other than the one you live in. These investments allow you to take advantage of a better investment environment, different tax regulations, or simply to protect your portfolio from risks affecting your local investments. Here are some posts that discuss offshore investing: ETF: How to buy the whole world Podcast: Offshore ETFs More stocks that are locally When a company or product is listed, you can buy and sell its shares on a stock exchange like the JSE. Listing on a stock exchange makes it possible for members of the public to invest in a company using the infrastructure provided by the exchange and its brokers instead of going directly to the company to buy shares. These More, offshore earning stocks, locally listed offshore ETFs and the NEWUSD mentioned above. There is also a pure offshore bank or brokerage account or heavily invested into commodity stocks. But the bigger issue is that political squabbles are part and parcel of being a South African investor and Rand weakness is also our future, even if at times we have strength. So we need to build a resilient portfolio that survives these events.
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