December 2015 report

G’Day and a Happy New Year to all our investors

We have seen another year where the start as well as the end was marked by financial turmoil in the markets and these fluctuations have made investors very nervous.

As we reported in our July 2015 report, we anticipated various fluctuations and took a conservative approach at the start of 2015 and we maintained that same strategy towards the end of 2015.

It is with great pleasure that we can report that we have once again reflected a better annual performance than the JSE ALSI as well as the JSE TOP 40.

Please see the comparatives below, bearing in mind that these figures may well have looked even better, had it not been for the Finance Minister debacle we had in mid December 2015, which had a serious impact on all Markets.


JSE ALSI 1.85%
JSE TOP 40 4.16%
FIA 8.97%


Despite all of that we still managed to outperform the JSE ALSI by 7.12% and the JSE TOP 40 by 4.82%.

As we have stated before and will repeat again now. The past performance of this Investment Club is not necessarily an indication of future performance. We must be aware that Global markets are currently in a state of turmoil.  Whilst we have our own unique challenges in this country, what happens in our markets is normally well beyond our control.  It also remains to be seen what impact a change in our credit rating will have on the Rand. A change in the Presidency may also have a positive effect on our very vulnerable currency. However that is the future and we will have to wait and see.

We are in the process of finalising the balance of the statements as at 31 December 2015. Whilst most of you have already received yours, we are still working on the remainder and these should reach you by latest 31 January 2016.

Happy investing…………..


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