[TOP STORY] How Fomo can drive investors to take everything offshore

[LISTEN] Based on our research, there would be very few reasons to ever take your portfolio up to the 45% offshore level: CliveEggers of GTC on MoneywebNOW with Simon Brown. investing Download the podcast

SIMON BROWN: I’m chatting now with Clive Eggers, head of investments at GTC. Clive, I appreciate the early morning. A great piece came out from you last week, quoting you fairly extensively – titled ‘Why politics is poison in a portfolio‘. You back it up with the data, going back some two years. I’d actually forgotten about this when the Reserve Bank and Reserve Bank commentary led many to think incorrectly.

SIMON BROWN: Yes. And you make the point that folks who had done that at that point are actually poorer for it. SIMON BROWN: Yeah, I remember that. That was December, 2001. The rand hit, I think, R13.61[/dollar]. It was completely insane.

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