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The FTSE 100 has tumbled after China stunned financial markets by devaluing its currency for the second day in a row.

China's central bank devalued the yuan to its weakest level in four years today, with markets still reeling from yesterday's shock 1.9% lowering, the most significant devaluation in 20 years.

Global markets slumped on the news, with the FTSE 100 falling 103 points, or 1.5%, to 6,564. The French CAC 40 fell 2.6%, the German DAX 30 was down 2.2%, Italy's FTSE MIB lost 2% and Spain's Ibex was down 1.7%.

The US is a developed market that under-performs emerging markets. Much like "how high can a high go when it is already in a high".
The $ is at a high and this could be detrimental in investing in the US at this stage. The market has had a surge since 2008 and is overpriced even now after a flat year. What if the $ and the market corrects? This will amplify your loss.

The EU is SA's biggest trading partner and the ZAR is pegged to the Euro. If you really have to move money out at this stage, then rather go for Euro stocks. I will in the mean time stay with growth stocks in SA.

The political factor might be your reasoning but corruption is rife even here in Europe. They may not throw chairs in parliament as in Japan but the sessions are a circus not unlike SA.

This is by no means advice but just my view so make your own choice.

As I stated earlier, we have come down from R12k pm to R10k as we have learned what to buy and where to buy.
I have always wondered why our food goes off so quickly compared to when we were in SA. The reason is this.
The Porras don't like preservatives and genetically modified foods and due to public pressure, these foods are rarely found here and if so, they are avoided. (Perhaps this is why women do not have cellulite here ??)

We now buy fruit and veggies every second day in small quantities and stock up on stuff we can freeze like meat and fish when it is going cheap.

Prices of meat and fish can differ 50% from day to day and from different supermarkets having specials.
As example, our local market is having a special on pork loin chops with fat removed as always at R21.00 per kg and chicken leg quarters at R19.00 per kg.
We also have a discount card that gives us a further 5% off the price that we can accumulate as points or use immediately.
I would love to know what you guys are paying for lean pork chops and chicken leg quarters now. Anyone?

Parys is nice.

If only we could invest in load shedding. 

I see so.

Greek market plunges 23% in half day today.