The most important thing in communication is hearing what isn’t said.
Dear Client,
Jeremy Gardiner of Investec has written an interesting perspective of what was and what 2010 should hold for us and the markets. For those of you who might be interested in reading the whole document, open this link and click on ‘Download Stock Taking’.
http://investecnews.com/go.asp?/bINV001/qQOG761F/xP8H761F
Investment issues:
Just for interest’s sake, a comparison of the income generated and the growth in capital value between Marriott’s two mainstream income funds (High and Core Income Funds) against a few market competitors:
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Note how a money market (MM) fund does not and cannot change value in capital terms as one Rand will always only equal one Rand. Whereas funds holding other instruments (Bonds etc) can change in capital value PLUS earn the income.
I suppose the above is what should be happening, if Marriott want to call themselves the Specialists in generating Income.
Monthly financial advice:
Probably too late for this thought, but it’s a good idea for your bonus, if you were lucky enough to get one, not to be spent on presents and extras at this time of the year but rather used towards something like reducing credit card debt or paying for a car’s service. In other words, used for a ‘must have’ and not a ‘desired to have’ event or thing.
I hope you have an enjoyable and safe festive season and I wish you all the best for 2010.
Thanks for your support.
Kind Regards,
Kevin
Please note that all the views expressed in this publication are based on my opinion and no action or advice is implied or intended.