Buy-and-hold is not working for local investors
Local equity funds are in the doldrums, having given South African investors precious little in the way of real returns over the last four years. Is a buy-and-hold approach still worth it? In this article we try and measure the probabilities of coming out on top.
Superior returns are the expected reward for taking on some risk. As our first article suggests, when risk isn't paying off you just need to hang in. But what if risk never pays off? We look at some examples of volatile markets that have not rewarded patience.
There are at least six different "cost measure" acronyms to be found on fact sheets in South Africa (including those of non-rand denominated funds). We try and explain the overlaps and differences.