Show me the money

[Daily Investor]

Show me the money

An analysis of local equity funds of South Africa’s largest asset managers reveals that they all significantly underperformed the S&P 500.

 

[3WA]

How much of their assets are in Regulation 28 compliant funds? Because I’d think that over the last ten years, nothing that is Regulation 28 compliant could beat the S&P.

 

[rvZA]

This is why you do not hand your monthly income to these companies. They are forced to invest in a failed state and a collapsing exchange. Invest your own money abroad.

 

[Bernoldus Niemand]

This is why you do not hand your monthly income to these companies. They are forced to invest in a failed state and a collapsing exchange. Invest your own money abroad.

Lol yeah Warren Buffet it not sitting on a $300 billion cash pile for nothing.

 

[rvZA]

Lol yeah Warren Buffet it not sitting on a $300 billion cash pile for nothing.

He also did not invest a single US cent in SA.

 

[McTwinks]

Lol yeah Warren Buffet it not sitting on a $300 billion cash pile for nothing.

I wasn't aware he is using local equity funds. Sh*t you don't know.

 

[rvZA]

I wasn't aware he is using local equity funds. Sh*t you don't know.

But people knew this. He did use his clients' money, bought only into a small number of pauper companies, like Apple, but bought big percentages of ownership, had the company grow, benefitted, grew the stock from $30 to $120 and then dropped all stock and reaped the profits. Nice way to invest and swing the investments into your own favour,