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So far Millhouse Wealth has created 17 blog entries.
19 12, 2019

Monthly Overview – November 2019

2020-01-06T13:28:24+02:00December 19th, 2019|

Sentiment and free advice, you may as well roll a dice As humans we are conditioned to fight for survival. As an investor in South Africa, our survival instincts are kicking in right now. But can our instincts lead us astray? This month we look at choosing wisely when considering who to take your advice from, in a world where free advice is often worth as much as what you pay for it. Click here to review full newsletter - 30-Nov-2019

15 10, 2019

Investment Overview – September 2019

2020-01-06T13:39:05+02:00October 15th, 2019|

Finance Minister Tito Mboweni has recently put forward a new economic growth plan for South Africa. It comes at a difficult time, as the local economy has struggled both in terms of growth, but also governance. Successful execution of plans such as this are critical in the country's recovery. In this month's article, we try to convey the main themes guiding the plan and the intended benefits it will bring to the economy - click here for full newsletter - 30-Sep-2019.

26 01, 2019

Investment Outlook 2019

2019-01-26T20:16:16+02:00January 26th, 2019|

For some time now most local and global asset class valuations have been trending towards their long-term averages from historical starting points which have been quite expensive. While this is a painful experience as asset classes de-rate, it is a necessary part of the investment journey and has been illustrated consistently over many investment cycles. Investors often call this 'mean reversion', simply meaning that cheap assets should go up in price, and expensive assets should go down in price.

7 08, 2018

Do we need to worry about trade wars?

2018-08-07T22:09:03+02:00August 7th, 2018|

One of the most common headlines in the world currently relates to the concept of ‘trade wars’. This has quickly become the most cited risk to markets with 60% of the fund managers surveyed in the latest BofA Merrill Lynch Global Fund Manager Survey listing the possibility of a protracted trade war as the biggest risk to investment returns that they see on the horizon. Click here to read more.

10 10, 2017

September 2017 Investment Review

2018-02-18T14:30:28+02:00October 10th, 2017|

Market Uncertainty & Volatility – Not New to South Africa

Considering the political and economic pressures facing the country at the moment, investors are understandably cautious to allocate aggressively to shares listed on the Johannesburg Stock Exchange (JSE). The economy is hardly growing and every week our attention is ‘captured’ by the endless news-flow that highlights state and corporate corruption. The JSE itself has gone sideways for the last few years, yet remains on the expensive side...

28 04, 2017

March 2017 Investment Review

2017-05-12T14:31:58+02:00April 28th, 2017|

Will you outlive your retirement capital? 

Solving the Retirement Riddle

For many years investors have enjoyed the benefits of local investment markets which have delivered returns far in excess of more conservative and ‘normalised’ financial planning budgets. Money market – the lowest risk asset class - has beaten inflation by 4% per year, for 25 years! Local equities have delivered almost 9% in excess of inflation...

9 02, 2017

January 2017 Investment Review

2018-02-18T15:46:35+02:00February 9th, 2017|

The cost of reacting to weak markets

Investors were mostly disappointed with returns in 2016 as a combination of weak local equity markets and a recovery in the rand led to low single digit returns across a wide range of funds. By way of comparison, the main industry sectors are shown below, highlighting the fact that all of the main fund categories delivered negative returns relative to inflation for the year...

10 01, 2017

December 2016 Investment Review

2017-05-12T14:37:12+02:00January 10th, 2017|

What to expect from investment markets in 2017

The start of a new year brings with it a fresh mindset with which to consider investment prospects for 2017. Over the course of any given year, and in particular an economically busy one such as 2016, it is easy to lose track of where we are as we attempt to digest the reams of information hitting us on a daily basis...

9 08, 2016

July 2016 Investment Review

2017-05-12T14:36:44+02:00August 9th, 2016|

Return Drivers and risks in the SA Listed Property Sector

In South Africa the listed property sector is one of the most contentious areas of the JSE. In the one corner you have the property bulls: long-time supporters of the notion that reliable and growing income streams out of property shares make sound long term investments, and buyers needn’t be too sensitive to the valuation of the shares they invest in. Income will...

12 06, 2016

May 2016 Investment Review

2017-05-12T14:35:45+02:00June 12th, 2016|

The Hidden Realities behind the US unemployment rate

It seems that many investors globally wait impatiently for the first Friday of each month for the latest US employment update. Any update provided on US unemployment is greeted with what appears to be an extreme reaction by the market. Any slight disappointment in employment figures relative to what was expected or forecast raises broad concerns about the US...