Piet Viljoen on Asset Allocation

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Piet Viljoen on Asset Allocation

  1. 1. Moneyweb SeminarPresented by Piet ViljoenOctober 2011RE·CM is a licensed Financial Services Provider, FSP number 18834
  2. 2. "To speak out against the madness may be to ruin thosewho have succumbed to it. So the wise on Wall Streetnearly always remain silent. The foolish have the field tothemselves, and none rebukes them." -J. K. Galbraith RE·CM is a licensed Financial Services Provider, FSP number 18834
  3. 3. Where is the “War on Heart Disease”? RE·CM is a licensed Financial Services Provider, FSP number 18834
  4. 4. Too many alchemists plying their trade RE·CM is a licensed Financial Services Provider, FSP number 18834
  5. 5. Don’t lose money R100 invested : R129,86 R118,43 R133,10 RE·CM is a licensed Financial Services Provider, FSP number 18834
  6. 6. The real skill in investing “All mans miseries comes from not being able to sit in a room quietly and alone” – Pascal “We don’t get paid for activity, just for being right. Success in investing doesn’t correlate with IQ – what you need is the temperament to control the urges that get other people into trouble” – Warren Buffett. RE·CM is a licensed Financial Services Provider, FSP number 18834
  7. 7. Suggested asset splitGeographySA Assets 40% Cash 70% Bonds 0% Property 0% Equity 30%Offshore Assets 60% Cash 30%(developed markets) Bonds 0% Property 0% Equity 70% RE·CM is a licensed Financial Services Provider, FSP number 18834
  8. 8. SA Equities still no bargain RE·CM is a licensed Financial Services Provider, FSP number 18834
  9. 9. US still has a way to go RE·CM is a licensed Financial Services Provider, FSP number 18834
  10. 10. But Japan very cheap! J AP AN-DS Ma r k et - P RICE IND E X 3/10/113.503.002.502.001.501.000.50 0 73 75 77 79 81 83 85 87 89 91 93 95 97 99 01 03 05 07 09 (T OT MKJ P(DY)) Sourc e: T homs on Reuters Datas tream RE·CM is a licensed Financial Services Provider, FSP number 18834
  11. 11. RE·CM is a licensed Financial Services Provider, FSP number 18834
  12. 12. RE·CM is a licensed Financial Services Provider, FSP number 18834

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