Why investing locally still makes a lot of sense

South African flag. Picture: Sxc.hu.

Every Tom, Dick and Vuyo who invests is worried.

Many nowadays choose to rather do so offshore.

It’s not wise to put all your eggs in one basket; but should you avoid South Africa altogether?

Not at all, says Allan Gray Chief Investment Officer Andrew Lapping in an interview with Bruce Whitfield on The Money Show.

Lapping gave a number of reason why investing locally still makes sense.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

If you split the market into domestic and global stocks… the domestic stocks are down 25%... the opportunities are in domestic stocks… there is some value starting to appear…

Andrew Lapping, Allan Gray

Timing the market is next to impossible… If it’s trading at less than you think its worth, then it’s a buy…

Andrew Lapping, Allan Gray

GDP growth has very little to do with stock market returns…

Andrew Lapping, Allan Gray

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This article first appeared on 702 : Why investing locally still makes a lot of sense


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