Hello World,
Thought I'd share my thinking around investing in this turbulent time.
I invest a fixed portion of my salary every month into discretionary accounts after I 1) maxed my RA (monthly basis) and 2) made provision for short term cash requirements.
I then look at my overall portfolio (no property) and allocate roughly 50:50 offshore:local. My approach is lacking in that I do not take the money abroad into a more stable currency, rather I buy foreign currency denominated ETFs. I also consider for instance any ZAR denominated investment as 100% local, even though a portion would be held offshore due to global companies.
For global I'd usually buy ~90% STXWDM and 10% STXEMG, but given the rand's dire state, I opted to buy SYGUK instead - the SYGUK if GBP denominated, and has a high TER, but given the GBPs low performance relative to the USD - I am exploiting some relative discount by buying SYGUK instead of SYGUS for instance.
Do you agree or is this all a rubbish thinking?
On the local portion I am of opinion that REITs are incredibly undervalued. S&P's market inteliigence seems to agree in their analyst sentiment sections for the top 5 holdings in STXPRO/CSPROP.
