In recent weeks, the JSE has reminded investors that volatility is the name of the game when investing in equities over short periods of time. Investors who had invested new money over the last year (and expecting to see past returns replicated) would have been disappointed to see low, or even negative returns on their [...]

It’s a question 8 out of 10 people will be able to answer within a reasonable range. Why is that? Some folks might know someone who recently travelled and complained about how expensive things were “overseas”. Others might remember it from the 10 second financial news snippet at the end of the half-hourly radio news, [...]

“Economic growth outlook at record highs” “The economy has never been healthier“ “GDP growth to leap into never before seen numbers“ These are some of the headlines you haven’t seen lately in the news, and for good reason. We are currently in quite a “bad news” cycle, where good news about the economy is few [...]

There has been a lot of chatter the last week around African Bank (ABIL), and its sudden fall from grace. Now that the news has filtered through the wires, the main question is how this affects you? A lot of focus has been placed on Coronation Asset Managers, as they are listed as the biggest [...]

It depends on who you ask, really. An economic graduate will say: “It is the end result of too much money chasing too many goods. The Purchasing Power Parity of consumers reduces over time, reducing the relative value of Rands in your hands.” A dietitian will say: “Inflation is a lot like food. Too little [...]

According to the wise amongst us the only way to solve complex problems is by breaking them into smaller, more manageable chunks. Investing. The World Economy. Financial Markets. All of these are extremely complex environments wherein individuals have their own processes and magic formulae they use in order to derive the best possible outcome. Some [...]

Ternary Financial Services CC offers a full suite of services to individuals and corporate clients. Our clients and the industry do however know Ternary as investment advisors, and as such we feel the need to weigh in on the active versus passive debate. We are firmly in the corner of the active manager - but [...]

The simple task of choosing a Unit Trust to invest in has long been exactly the opposite. Very complicated. According to the latest Association for Savings and Investments South Africa (ASISA) stats for the period ending 31 March 2014, there are now a whopping 506 funds to choose from in the South African Multi Asset [...]

We have been warning our clients for some time now that the markets have delivered excellent returns and that we do not anticipate that these returns will be matched in future periods. These lower returns we believe will be necessary to bring equity valuations back to more sensible levels. The lower returns could manifest in [...]