The last 3 years have been very telling. We have had to deal with Covid that changed the dynamics of the world, the Ukraine War in early 2022 and China’s extensive disruption to the supply chains, with its zero tolerance to Covid. 2022 was a difficult year, with inflation problems rearing its head around the […]
Beginning of an Era
Beginning of an Era In May this year we launched the Pinto Russell Index Note on the Capital International platform. This is an exclusive ‘unit trust’, only accessible by Pinto Russell clients. So far, it has performed well, averaging 15% p.a. over the last 3 months. The PR index Note has a range of 12 […]
A Case of Too Much Loving
My father used to say, “too much love is not a good thing”. In other words, too much giving spoils the one you love and can make the relationship sour. When I was at university, I had a part time job at Hertz Rent a car which allowed me to save a little towards a […]
Times of Change, Time to be Shrewd
Current times, calls for investors to not panic but to be very shrewd. We have seen quite a lot of phenomenal events and changes from 2020 to 2022. From a new pandemic that forced economies to close around the world, to war declared on Ukraine by Russia, which of late has created massive uncertainty. The […]
South Africa Quo Vadis?
South Africa Quo Vadis? We have just witnessed a failed insurrection which is now hopefully at an end, and Ramaphosa remains as President. From various news reports, it appears that there are wealthy and powerful people who need Zuma back in power, to derail possible investigations against themselves. They appear to have failed. In spite […]
The Big Picture
The Big Picture Over the last few years, governments around the world have continued to lower interest rates by doing quantitative easing (QE). This has been done with a view of stimulating economies and avoiding stock market crashes. Their ideas have been based on classical economics – that the consumer has unlimited wants. The theory […]
SA Positive in Covid 19 Times
SA Positive in Covid 19 Times I have always said that South Africa has the luck of the devil! For example, Nelson Mandela was not always the person we got to know. In the 80’s he was a staunch communist who promised to nationalise all the companies on the JSE, when he came to power. […]
Corona Virus
As far as I understand, from various media reports, the Corona Virus has similar symptoms as flu but more aggressive and a vaccine is yet to be formulated. The media have done an incredible amount of damage by reporting in such a way that the panic stricken public and authorities are incredibly fearful, which has […]
New Investment World
We live in a new investment era where interest rates are very low, in some cases even negative. In spite of very low interest rates inflation remains low, and again, in some countries we have negative inflation, i.e. deflation. Assets are expensive and therefore their yields are low. Last month, we saw the Feds do […]
The CGT Question: To Sell or Not to Sell?
The markets are quite volatile and it may be advisable to redeem certain investments which have done well. We had one client who queried his Capital Gain of R240 000, even though his entire investment value was R272 000! How could that be? Well, in 2004 he invested R32 000 and nothing further since, so over […]