"Safer" ETFs during volatile Rand

[JStrike]

Unless the worldwide recession is kicked off by a dollar crises, which is a possibility.

I don't see any remotely possible situation where that happens

 

[bchip]

Unless the worldwide recession is kicked off by a dollar crises, which is a possibility.

Like +1

 

[Thor]

I don't see any remotely possible situation where that happens

That will happen within the next 5 years. China will ask for a federal audit and the wold will see that the US lied about their gold reserve and boom down goes the dollar, China who under declared its gold will do an audit declare the their real gold reserve and with more than 50% of bitcoins power sitting in China they'll declare bitcoin the new global reserve.

 

[HavocXphere]

MUCH cheaper and easier though.

One cannot try to propose foreign currency denominated investing, without raising my ire, unless they are willing explain step by step how to most cheaply and easily do that, how to get an account with IB or whomever and everything that you will need, because thats where I fall flat and give up, it's much more info that needs to be researched (so a time/effort cost) and that info not easily come by vs the extremely easy R denominated fund investing (hey easyequities, I want S&P500 this and DBthat, done, k thnxbai).

I love explaining such things, so I do ever get around to investing foreign currency denominated ETFs I'll make a nice long post on the practical steps (SSBs idiots guide to foreign currency denominated ETFs would be the thread title).

Click:
https://www.ig.com/za/application-form-new#

Fill in the application crap like any other brokerage. Hardest part is probably scan in a passport.

Wait for it to get approved. Takes like 2 days.

Login, select funding. Opt for one of the SA friendly funding methods, including Visa/Mastercard debit cards (for the Capitec crew) or credit card or paypal or whatever floats your boat.

Buy stuff.

Think you need something like 3k zar to hit the required minimums. Not that difficult. Hell my SA brokerage had higher minimums. Really only half-way tricky part is you need to consider whether the fees are going to eat you alive (since these are actual shares, not EE fractional system).

vs the extremely easy R denominated fund investing (hey easyequities, I want S&P500 this and DBthat, done, k thnxbai).

Totally agree it's cheaper and easier. The question is does it provide the same effective solution. As per my earlier explanation - broadly yes, but it's worth considering the cases where the answer is no.

 

[bchip]

That will happen within the next 5 years. China will ask for a federal audit and the wold will see that the US lied about their gold reserve and boom down goes the dollar, China who under declared its gold will do an audit declare the their real gold reserve and with more than 50% of bitcoins power sitting in China they'll declare bitcoin the new global reserve.

Not sure if this is right...In1971 Nixon took America of the gold standard,
thats why they are able to do stimulus and print as much money as they want.

 

[Thor]

Not sure if this is right...In1971 Nixon took America of the gold standard,
thats why they are able to do stimulus and print as much money as they want.

That is just me with my tinfoil hat

 

[JStrike]

That will happen within the next 5 years. China will ask for a federal audit and the wold will see that the US lied about their gold reserve and boom down goes the dollar, China who under declared its gold will do an audit declare the their real gold reserve and with more than 50% of bitcoins power sitting in China they'll declare bitcoin the new global reserve.

That is very tinfoil hattish. Are you can't surely honestly believe that that is a remotely possibly chance of that happening

 

[Thor]

That is very tinfoil hattish. Are you can't surely honestly believe that that is a remotely possibly chance of that happening

Let's talk again in 5 years only time can tell if tinfoil paid off.