Chances are you know of Warren Buffett.
But do you know Buffett's right-hand man, Charlie Munger?
Most people are familiar with Munger from his association with Buffett.
For 50-plus years, Munger has been the vice chairman at Berkshire Hathaway. And his eye for great investments has helped Buffett grow Berkshire into a $514 billion investment giant today.
But I don't want to talk a... ››› more
Today will mark the end of the worst quarter for SA shares, having suffered the global fall out of the coronavirus.
This is after years of under performance relative to global indices.
And even though it looks like you can go out and buy anything and hold on for certain profits we could still see more selling pressure.
The SA lock down could be extended, and small business owners and ... ››› more
The ongoing trade war between the US and China escalated last week when President Trump said they would initiate another 10% tariff hike on Chinese imports worth $300 billion effective 1 September 2019.
Since then, we have seen a huge drop - over 5% on the S&P500, Dow Jones, Yuan currency and even the JSE.
Investors are becoming really worried about global stability and it's driving them ... ››› more
You may or may not have heard of Jim Rogers, but he's one of the world's most successful investors.
In the 1970s, Jim Rogers' Quantum Fund delivered a 4,000%-plus return to investors, while the S&P 500 gained just 42%.
This incredible success early in his career enabled Rogers to retire at the age of 37!
But this isn't the reason why I bring up Jim Rogers today.
It all has to do w... ››› more
Even though South Africa managed to dodge the downgrade bullet last week, the risk of recession, higher interest rates and a lack of foreign funding still plagues the South African banking industry.
But larger fund managers like PSG Asset Management have recently been adding banks to their portfolios. Surely this is a mistake under the current challenging market environment.
Well, let's ta... ››› more
Three weeks ago today, the Greek government closed the doors of the country's banks. The government imposed the closure to protect against a run on its banks.
This happened as the country was on the brink of bankruptcy after not meeting a multimillion euro loan repayment to the International Monetary Fund.
Since then, the country has agreed to a new bailout in principle with its European par... ››› more
Financial markets are feeling the pressure today as the Greek government announced its decision to close banks and instil capital controls until next Monday.
The Greek government has taken this move as the country will vote in a referendum on 5 July.
Greece is on the verge of defaulting on a loan to the International Monetary Fund tomorrow.
Let's take a closer look at what's going on…
... ››› more
Five of the world's largest banks are facing fines amounting to almost $6 billion. This follows investigations into currency rigging.
Four of the banks' fines relate to forex market rigging. The other bank's fine relates to the rigging of benchmark interest rates.
Let's take a closer look at what happened…
For five years, currency traders manipulated the forex market
Five of the w... ››› more
Earlier today, it emerged that five major banks are facing fines amounting to $3.4 billion. The allegations relate to attempts to manipulate foreign exchange rates.
Let's take a closer look at what's going on…
UBS received the biggest fine over its part in forex price manipulation
Following “a worldwide probe into the scandal surrounding the forex market,” regulators are fining f... ››› more
Finbond is a financial services provider of savings, investment and credit products. The company has a listing on the Johannesburg Stock Exchange…
Full name: Finbond Group Limited
Short name: Finbond
Sector: Banks – banks
Five top facts about Finbond Group
Finbond Group employs over 600 people across its operations.
Finbond Group has a listing ... ››› more
If someone had said to you a couple of years ago about using a digital currency to pay for goods, you might have dismissed the idea.
But Bitcoin is now growing in popularity and the idea of using a digital currency is no longer such a strange concept.
With Bitcoin the most popular digital currency out there, what would be the advantages of using it?
Let's take a closer look…
Bitco... ››› more
It's just over two weeks since African Bank released a trading statement that rocked the banking sector.
The knock-on effects from the bank's financial mess led the Reserve Bank to rescue the ailing lender. And most of South Africa's other banks received a nasty shock when rating agency Moody's decided to downgrade them.
But investors may find solace in Standard & Poor's announcement today ... ››› more
Yesterday, after the market closed, rating agency Moody's downgraded South Africa's four big banks.
After the Reserve Bank rescued troubled lender African Bank, Moody's believes there are risks in SA's banking sector.
This morning, shares in Standard Bank, Absa, FirstRand and Nedbank have all fallen as investors digest the news. This is in spite of the Reserve Bank disputing Moody's decision... ››› more
The global banking world can be an intimidating and confusing place. I mean when analysts start talking about quantitative easing, carry trade, sovereign debt and budget deficits, most people just hear blah blah blah…
That's why today I thought I'd share with you the ideas of two Morgan Stanley analysts who've managed to simplify the world of global finance using a cycling race.
That's rig... ››› more
When you invest in banks, you have to take into account that banks carry high levels of debt. And carrying too much debt can make them very risky. You want a bank to generate a good return, but not at the expense of carrying a massive amount of debt. So what's the best way to weigh this up? Let's take a closer look at how you can weigh up a bank's debt…
Examining a bank’s debt
A good measu... ››› more
The fund managers and big banks are the biggest players in the forex markets. And what they do has a large bearing on the market. It pays to watch what they're up to so you can tag along for a profitable ride. So how can you do that? Let's take a closer look…
There is a way to check what the big boys are doing
The large banks and funds can’t just go into the market and get what they want. ... ››› more
If you've bought gold jewellery or a Kruger rand or two, have you thought about where the gold came from? There are essentially two main suppliers of gold in the world. And with gold becoming a much sought after commodity, there are also companies out there now that will buy your gold from you in practically any form. These companies then sell this gold on. Let's take a closer look at the world's ... ››› more
For years since the financial crisis, investors have been weary of the big banks of the world. And not without reason… All you have to do is consider the massive collapse we saw from the likes of Lehman Brothers.
But according to retired banking insider, Hans-Joerg Rudloff, former chairman of Barclays Capital, the banks are about to enter a “golden decade”.
And if you invest today, you... ››› more
Earlier today, the South African Reserve Bank announced it fined the four largest South African banks over lax Financial Intelligence Centre Act (FICA) controls. This relates to the banks failing to have adequate provisions against money laundering and the financing of terrorism. The central bank dealt each bank a hefty fine. Let's take a closer look at what happened…
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Shares on the Johannesburg Stock Exchange took a slide yesterday, mirroring the performance of global markets. Not helping the JSE was a heavy fall by Naspers. Its share price took a knock as its Chinese investment Tencent continues to slide. Let's take a closer look at what happened on the JSE yesterday…
The JSE fell over 1%
The JSE slid yesterday shadowing “a broad-based sell-off across... ››› more
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