Oops! I did it again?!
I trust that you won’t say something like this! Unfortunately, investors were caught off guard again by advancing investment markets.
A 30 October 2009 article in Beeld by Neville Brand-Jonker describes how investors scrambled out of money market funds during the third quarter of 2009. R91 billion moved from money market funds to mainly asset allocation funds. Brand-Jonker commented that it seemed as if investors didn’t know where to allocate funds and trusted fund managers to do the job for them. He said that fund managers voiced their disappointment that ordinary investors again largely missed the upswing in the market.
It all began seven months ago and continued through October 2009 - the All Share Index (ALSI) of the Johannesburg Securities Exchange advanced more than 37% from March until the end of September. Mr Jeremy Gardiner form Investec Asset Management said that South African investors, just like their emerging market counterparts, didn’t trust the early upswing in the market. But why should they? Experts believed that the market would advance by 15% and then retrace. Unfortunately for investors, this did not happen.
We at Ultima have always believed that success as an investor is not achieved by the timing of markets. Rather, success comes through having a robust investment strategy and a correctly aligned asset allocation that’s closely monitored. Success over time will then be inevitable
Tags: assets, Investments, money management
November 7th, 2009 at 7:54 pm
A grafic report will be good to understand the high financial results of my investment. Thank You