Things I would teach my daughter about starting her investment journey
Graduating marks the beginning of an exciting yet challenging phase where financial independence demands careful budgeting and responsibility. Prioritizing an emergency fund is crucial to cover unexpected expenses, followed by long-term investments such as tax-free savings accounts for future security.
Monthly Market Highlights – May 2024
In SA, inflation moderated slightly from 5.3% y/y in March to 5.2% y/y in April, according to data from Statistics South Africa (Stats SA). The primary contributors to the April headline inflation rate were housing and utilities, food, and transport.
May 2024 Economic Review
US inflation slowed in April and was outpaced by the national wage figure. Japan’s April inflation also slowed, consistent with the trend in other major economies. In SA, President Cyril Ramaphosa signed the National Health Insurance (NHI) Bill into law in May, hoping to make healthcare affordable for all citizens. South African elections took place in May, resulting in the ANC losing its majority.
Elections and economics, what should I do?
Elections are important market events for multiple reasons including economic policy shifts, potential legislative changes, and investor sentiment regarding the outcome and who the elected leader will be. However, as recurring as elections may be, some carry greater significance than others, which begs the question – is this time any different?