Equities or Everton

We know that a spiraling interest rate, 50% up on a year ago, and the complexities of the Credit Act have taken an axe at house sales, but its really a bit rich to try and get people to put all their golden eggs into chicken coups, even if they are made of bricks and mortar!

It also begs the question, is this blatant promotion of a single asset class bordering on asset management? If it is, then should not your friendly neigbourhood estate agent be licenced as a category two discretionary asset manager under FAIS? I will leave that one for you to decide.

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Green Privilege

There are times that many of us have looked at that rare breed known as the Trust Fund Babies (TFB’s) with some envy. Imagine waking every day of your life without a financial care in the world. Since their days as a child, through to adult life, rent, food and disposable cash have never been an issue. Holidays are an assumed regular occurrence and their mode of transport is never anything other than exactly what they wish it to be.

Yet, all is not well in the Garden of Eden and many people born with this level of privilege, splendor and freedom are often highly disorganized when dealing with their financial affairs. Just as people think that those who work in financial services are all well Financially Planned, people also assume that TFB’s have all their ducks in a row and therefore do not require any professional help. As a result, many in financial services do not pursue TFB’s, they also assume that the TFB’s affairs are more than well catered for. In my experience this is simply not true and, as a result, assumption is, again the mother of all … mistakes!

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Fundamentalism

I am confused! Some would say not for the first time, but at least I am honest about it. Here we are in an extremely volatile market where the only people having fun are the traders, and let’s face it only the good ones at that.

The worlds most intelligent financial minds are at a loss as to the actual trigger or ultimate result of this volatility. We are now all told it’s down to less than financially deserving individuals receiving home loans and credit from banks and other finance houses, who forget their fundamental principles simply to chase profit. Well now those little chickens are coming home to roost, only to find their nests have been repossessed!

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The Real Entrepreneur

It is always a touch embarrassing to read or, even worse, have to actually listen to a so called businessman sing his own praises. Telling us how clever he or she was, to be in the right place, asset class, property or just job, at any particular time.

After all who really wants to know? They mostly want you to know, as it strokes their ego and many will go to great lengths, even paying for advertorial articles on themselves that blow their own trumpet or tells us of their aspirations, goals and potential. What a waste of stale hot air!

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China is the Pump

Standing on the burning sands of the North African desert the leader of Allied land forces Africa, a man known simply to his loyal men as Monty, looked out at the opposing forces facing them at El Alamein and stated a successful strategy is based simply on realistic expectations.

Realistic expectations were just as well defined by the Hollywood sex bomb, Mae West, when she stated that her only true desire was “sustainable growth!”
So as we approach the mid way mark of 2007 what would be a “Realistic expectation for sustainable growth” (small triangular tablets excluded!).

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Investment Fashions

How investment fashions change, not so long ago the Rupert family not only claimed that diversification was the secret to all investment but the markets themselves seemed to demand it, even from the most bizarre operations, those that surely needed focus.

Then “all change” and it was focus, focus, focus, stick to your knitting, know your onions and all that jazz! Well BIDVEST show that fashions come and go and basically a good idea backed with good management is more important than a fad! This vastly diversified, and fast becoming global business, came in with great results 22% up and still on a PE of 13 it looks like value, well done Brian just shows that fashion is not everything something our MP’s dress sense seems to demonstrate at each opening of Parliament.

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The Insider

KYC, come on now chaps it’s 2008 end even my old Dad knows that KYC has nothing to do with fast food take away chicken and everything to do with “Know Your Client”. Unfortunately, however, Insider has had to witness a grown and professionally qualified man make a fool of himself over the last few months by failing to grasp this 21st century concept. Come on, we now must all take responsibility for whomever we introduce, or have as a client. You cannot any longer casually introduce or retain people as clients if you do not “know them”. With FICA and FAIS in full operation as well as a number of other international acts snapping at our heels we all must accept that suck slack attitudes can only bring dire consequences and professional damage, to my old mate, I say “if you lie down with the dogs you will catch fleas!”

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The Insider

KYC, come on now chaps it’s 2008 end even my old Dad knows that KYC has nothing to do with fast food take away chicken and everything to do with “Know Your Client”. Unfortunately, however, Insider has had to witness a grown and professionally qualified man make a fool of himself over the last few months by failing to grasp this 21st century concept.

Come on, we now must all take responsibility for whomever we introduce, or have as a client. You cannot any longer casually introduce or retain people as clients if you do not “know them”. With FICA and FAIS in full operation as well as a number of other international acts snapping at our heels we all must accept that suck slack attitudes can only bring dire consequences and professional damage, to my old mate, I say “if you lie down with the dogs you will catch fleas!”

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Mae West Investment Principles

Standing on the burning sands of the North African desert the leader of Allied land forces Africa, a man known simply to his loyal men as Monty, looked out at the opposing forces facing them at El Alamein and stated A successful strategy is based simply on realistic expectations.

Realistic expectations were just as well defined by the Hollywood sex bomb, Mae West, when she stated that her only true desire was sustainable growth!

So as we approach the mid way mark of 2007 what would be a Realistic expectation for sustainable growth (small triangular tablets excluded!).

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Power to the People

Can someone explain to me how we managed to have twice as many periods of load shedding in 2007 and it was all put down to a faulty nut in a nuclear reactor (he has since been fired!) and yet no one mentioned at that time that the continents worst case of business planning was just beginning to show itself?

Remember that lovely advert with Eskom lighting up the world, a dreamy shot from outer space as Eskom our powerhouse, our trusted 1st World Style energy producer not only powered up the whole of SA, but the whole of Africa. Well it seems that they may still be powering the rest of Africa because they have long term contracts and commitments, what does that say about their attitude to us their domestic CLIENTS!

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