Light At The End Of The Tunnel

We recently read an article by Shaun le Roux of Alphen Asset Management where he advises that the faint-hearted should not buy a newspaper in 2009 as gloomy headlines will dominate.

Judging from this weekend's press, it won't be necessary to wait until 2009. The World Bank has released figures that suggest that China's growth is to slow from 9.2% to 7.5%, the Financial Times reports that during November the US experienced its biggest monthly job loss figures in 30 years and 9.99% of US mortgage loans are either in arrears or at some stage of the foreclosure process.

So while the markets remain volatile and the end of the year looms, our clients are welcome to contact us to ensure that their portfolios are correctly exposed to take advantage of opportunities present in the market for medium and long-term investing.

For a Money Market offering, with better interest rates than you are probably getting at the bank, you could consider the Silke Cash Management Fund, which invests directly in the Allan Gray Money Market Fund. At time of writing the annualised net yield of this fund after all costs is 12.5% per annum [nominal daily rate annualised]. Naturally, the interest rate will fluctuate with prevailing interest rate movements. There are no initial fees and no term constraints. To find out more, email us on ken@silke.co.za

We believe that the current interest rate cycle is at its peak and that interest rates should start coming down. We wait with bated breath for the next Monetary Policy Meeting on Thursday 11 December!

Silke Financial Services has the expertise to advise on investment strategies to suit investor circumstances, preferences and time horizons.