121
My mood seems directly proportional to the rand dollar rate
This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.
An ETN is more like a bond. It's an unsecured debt note issued by an institution. Just like with a bond, an ETN can be held to maturity, bought or sold at will, and if the underwriter (usually a bank) were to go bankrupt, the investor would risk a total default.http://www.investopedia.com/financial-edge/0213/etf-or-etn-whats-the-difference.aspx#ixzz3z7CZO7Bg
I will be taking funds offshore but I want the exchange rate to come back closer to R 12/$ before moving - which may be wishful thinking - but I am hoping the Rand will strengthen after the elections especially if Joburg, Tswane, Port Elizabeth and East London fall out of the ANC clutches