FNB Global Account

Dot1

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Mar 26, 2014
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Hi All,

With all the Political Issues we have in this country - I'm worried about the average guy who has saved and now if the ROE goes to Sh1*, which it probably will - will decrease his savings value.

I invested some savings in the FNB Global account, but with all the fees - its hardly worth it at the moment and I actually have lost money if I sell.

Is there anything that we can do to try and save the bit that we have saved?

How do others deal about this and am I the only one worry about it?

I have huge expenses to pay in the upcoming year - and obviously salaries are not adjusted relatively.

I also have a foreign expense coming up in the next year and im worried that the value will sky rocket as soon as our friend does something stupid - which wont take long. This place is a ticking time bomb - the next Zim for sure.

Some advise? Am I over reacting and stressing too much?
 
buy some BTC, convert to USD at a much better rate than ZAR's and run with it.....

I think in future times more people will buy BTC as a hedge for their ZAR's, but thats my 2c
 
I would recommend getting a DBX tracker fund going (https://www.dbxonline.co.za or https://etf.deutscheam.com/ZAF/ENG/Home )

Waiting to see what happens but will probably land up moving all my unit trusts to this, just stuck with RA's and Pres Funds!

I've got one for the world fund... according to most market guru's tracker funds will almost always outperform asset managers in the long run.
 
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