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Sold out of INDI, CML but made a major mistake by buying US$ last year at R14.50! I must stop hoping for bad news to make money as that's what it amounts to!

Thought it was going much higher but def not the case so now sitting with a pile of dollars and plotting where to invest and looking to buy ETF's for the long term 

Not yet in the cross hairs of institutional investors but will shoot the lights out when they do.
 http://smallcaps.co.za/blog/consolidated-infrastructure-group-still-quality-growth-for-value/

The new CML?

Sold out my INDI shares a few months ago and when I do that then that's normally a signal for that share to increase! But not this time as I see it's dropped down further in price.

My problem now is where to invest my INDI funds as it's lying offshore and available but think the best thing is wait till early new year when we'll know more about what's happening in the US and here in SA and then hopefully invest in a few ETF's

From what I'm hearing from friends, family over there is that there will be another vote and Brexit won't happen!

The bank will only be your agent. Your money will be segregated and held at the stock exchanges. That is the law and should the bank go bust, your money will not be a bank asset.

I read that ETN's could be affected would this then affect ETF'S?

I bought some dollars yesterday, expect the rand to strengthen any time now

I bought the other week at R14.56 and look where it went too!

But still expect some weakness to come by year end and I'm still contemplating buying Sterling with the Dollars I bought

I would wait for the uncertainty to pass first.
PROS:
1.The cheap £ will attract more tourists next summer. This will be good for the £.
That's it.
CONS:
1.UK needs 80 000 seasonal fruit and vegie pickers from eastern Europe from July to December. The locals will not do it.
Last summer the agencies could not fill the quota and it is expected that due to the exchange rate, the pickers will stay in Europe mainland countries like Germany and Scandinavia this coming summer.
Farmers will be forced to watch their produce rot and businesses will have to import foods and even beer, wine,vinegar etc.
This will cause prices to rocket and bad for the £.

2. London is the financial hub of Europe and banks will move their HQ's to the continent. One bank has already vacated taking 2 000 employees with them. Bad for the £.

So it is a gamble in my view.

Orca, all over Sky news now about the banks pulling out

Would you think Sterling will drop further against the Dollar? I read one forecast of $1.09! Not so long ago it was double that!