Ah, global events – they’re like those uninvited guests at a party who always seem to have a knack for stirring the pot. And just like our uninvited guests, global events have a way of shaking things up, especially when it comes to our investments. Being a savvy South African investor, I’ve learned that managing the impact of global events on my investments is as essential as a well-timed braai on a sunny weekend.
So, let’s take a whirlwind tour of the ever-fascinating world of global events, and see how we can manage their impact on our South African investments. Buckle up, my fellow investors, and let’s dive in!
First stop: It’s always great to have a reliable source of information to help us navigate the choppy waters of global finance, finding one that suits your ability to digest current affairs is critical. After all, knowledge is power, and knowing what’s happening around the world can help us make informed decisions about our investments. Trusted blogs, financial news papers and radio shows are a great way to dig into the issues floating around the global dancefloor.
Now, before we start, I have to admit something – I have a love-hate relationship with global events. On one hand, they can send my investments soaring to new heights (cue the angelic choir). On the other hand, they can send them plummeting faster than a bungee jump at Bloukrans Bridge (cue the dramatic music). But fear not, dear reader, for I’ve learned a few tricks along the way to manage their impact on my investments. Let me share these with you, so you too can be prepared for the rollercoaster ride that is global finance.
- Diversify, diversify, diversify
If there’s one thing I’ve learned over the years, it’s that putting all my eggs in one basket is a surefire way to end up with a big, messy omelette. The same applies to investments. By diversifying my portfolio, I ensure that I have a mix of assets that can withstand the stormy seas of global events. So, when one investment takes a hit, the others can help to balance things out. It’s like having a braai with both boerewors and veggie skewers (not ideal, but you get the idea) – a little something for everyone!
- Keep a cool head
Global events can sometimes feel like a game of musical chairs – one moment everything’s fine, and the next, the music stops, and chaos ensues. But instead of panicking and making rash decisions, I’ve learned to take a deep breath, sit back, and assess the situation rationally. Just like the wise words of the late, great Nelson Mandela: “The greatest glory in living lies not in never falling, but in rising every time we fall.”
- Stay informed
I can’t stress this enough – staying informed is crucial in managing the impact of global events on my South African investments. Websites like Business Insider, Moneyweb and Fin24 provide valuable insights into what’s happening around the world, and how it might affect my investments. It’s like having a financial weather forecast, helping me make decisions based on the latest information.
- Embrace change
Global events are like the South African weather – always changing and full of surprises. As an investor, I’ve learned to adapt and embrace these changes, using them to my advantage. For example, when the global economy takes a dip, I see it as an opportunity to invest in undervalued assets that have the potential to bounce back when things improve. It’s all about finding the silver lining in the storm clouds, my friends.
- Consult the experts
No man is an island, and the same goes for investors. We all need a little help from time.
-TN
