An illustration of the vast difference in personal wealth accumulation between a local investment portfolio and an offshore investment portfolio over the past decade.
The lost decade and how your wealth has evaporated - Magnus Heystek biznews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biznews.com Daily Mail and Mail on Sunday newspapers.
Magnus Heystek has been called a few uncomplimentary names in his time. As it turns out, investors don’t like to be told that they’re headed in the wrong direction. Heystek has taken flack for suggesting that South Africans would do well to move their money away from local markets. Over the last few years investors have begun to notice the JSE’s underperformance themselves and Heystek’s critics have had to bite their tongues and face facts. Here, he compares apples with apples and the numbers are telling.- Melani Nathan
By Magnus Heystek
AMONGST investors and even commentators in the media, the decision to recommend greater offshore investments is often seen to be based solely on the rand dollar view.