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"Another" email

We are sure that you have been bombarded with numerous emails, this email is to let you know that we are here for you. Many seem to have to adapted to the "new normal" and there are many are thriving. There are also those that businesses are under pressure, treading just to keep their heads above water.
There are great investment opportunities in what has been an incredible market correction, and with the volatility therein breeds opportunity. We have investment solutions that will maximize those opportunities. On the other side of the coin we also have premium relief options for those that we have discussed with the various Investment and Insurance providers. We have also included a link to The Snowball: Warren Buffett and the Business of Life audio book through our google drive.

The Snowball: Warren Buffett and the Business of Life

Here is the book recounting the life and times of one of the most respected men in the world, Warren Buffett. The legendary Omaha investor has never written a memoir, but now he has allowed one writer, Alice Schroeder, unprecedented access to explore directly with him and with those closest to him his work, opinions, struggles, triumphs, follies, and wisdom.

Although the media track him constantly, Buffett himself has never told his full life story. His reality is private, especially by celebrity standards. Indeed, while the homespun persona that the public sees is true as far as it goes, it goes only so far. Warren Buffett is an array of paradoxes. He set out to prove that nice guys can finish first. Over the years he treated his investors as partners, acted as their steward, and championed honesty as an investor, CEO, board member, essayist, and speaker. At the same time he became the world’s richest man, all from the modest Omaha headquarters of his company Berkshire Hathaway. None of this fits the term “simple.”

When Alice Schroeder met Warren Buffett she was an insurance industry analyst and a gifted writer known for her keen perception and business acumen. Her writings on finance impressed him, and as she came to know him she realized that while much had been written on the subject of his investing style, no one had moved beyond that to explore his larger philosophy, which is bound up in a complex personality and the details of his life. Out of this came his decision to cooperate with her on the book about himself that he would never write. 
Never before has Buffett spent countless hours responding to a writer’s questions, talking, giving complete access to his wife, children, friends, and business associates—opening his files, recalling his childhood.

It was an act of courage, as The Snowball makes immensely clear. Being human, his own life, like most lives, has been a mix of strengths and frailties. Yet notable though his wealth may be, Buffett’s legacy will not be his ranking on the scorecard of wealth; it will be his principles and ideas that have enriched people’s lives. This book tells you why Warren Buffett is the most fascinating American success story of our time.

Praise for The Snowball

“Even people who don't care a whit about business will be intrigued by this portrait. . . . Schroeder, a former insurance-industry analyst, spent years interviewing Buffett, and the result is a side of the Oracle of Omaha that has rarely been seen.”Time

“Will mesmerize anyone interested in who Mr. Buffett is or how he got that way. The Snowball tells a fascinating story.”New York Times

“If the replication of any great achievement first requires knowledge of how it was done, then The Snowball, the most detailed glimpse inside Warren Buffett and his world that we likely will ever get, should become a Bible for capitalists.”Washington Post

“Riveting and encyclopedic.”Wall Street Journal

“A monumental biography . . . Schroeder got the best access yet of any Buffett biographer. . . . She deals out marvelously funny and poignant stories about Buffett and the conglomerate he runs, Berkshire Hathaway.”Forbes

“The most authoritative portrait of one of the most important American investors of our time.”Los Angeles Times

Audio book

 

Premium Relief Options

Life, Disability, Severe Illness and Income Protection
  • Discovery Life and PPS have given an option to clients to access their Payback account, or Profit Share account as a way to fund premiums for up to 3 months subject to terms and conditions
  • The other insurers have offered to reduce the cover for 3 months, and increase the cover after 3 months.
  • Or pause cover for 3 months, and reinstate cover without underwriting
Retirement Annuities-
  • Up to a 6 Month Premium Holiday
Endowment-
  • Option to reduce to minimum premium of R850 pm (provider specific)
Unit Trusts
  • Option to pause contributions
Short Term Insurance
  • Discovery Insure will automatically reduce your premium by 15%-25% for the month of April (terms and conditions)
Medical Aid
  • Discovery offers an option to use your medical savings account to assist with premiums- You can contact Health on 0860 99 88 77

 

Market update

14 April 2020

The FTSE/JSE All Share ended the week up by 7.64%, closing at 48 011.56. Industrials, Basic material and Financials ended the week up by 12.99%, 11.02% and 12.47% respectively.
The MSCI Developed Market Index and MSCI Emerging Market Index increased by 11.02% and 6.83% respectively during the week.
 
OPEC+ finally agree to cut output
OPEC+ members met over the weekend and agreed to cut oil production by nearly a tenth. This has ended the devastating price war between Saudi Arabia and Russia. Several of the OPEC+ member countries agreed to reduce oil production, however the deal was almost lost when Mexico refused to decrease its production.
 
US Fed announces measures to support its economy
The US Federal Reserve took additional actions to provide up to $2.3 trillion in loans to support the US economy. This funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the COVID-19 pandemic.
 
S&P 500 records biggest one-week gain since 1974
Stocks rose sharply on Thursday, wrapping up a big week of gains, after the Federal Reserve detailed a bevy of programs to support the economy during the shutdowns from the COVID-19 pandemic. For the week, the S&P 500 surged 12.1%. That was its biggest one-week gain since 1974, when it rallied more than 14%. The Nasdaq had its best week since 2009, jumping 10.6%. The Dow soared more than 12% for one of its biggest weekly gains on record.

POSSIBLE WAY TO CAPITALISE on the downturn of the current market.

Gray Capital will look at an aggressively structured investment, that will look to make the most of the market correction, over the next 12- 36 Months- A lot of the funds have been heavily hit, and we believe that there is an Investing opportunity. 

Flexible Investment with access to the funds at anytime, However shouldn't access the funds until the market has corrected with an outlook of 1-5 years.

2% upfront fee just a 0.5% ongoing.

Funds are in Rands, but 80% of Offshore Companies-
  • 4th Industrial Revolution Global Equity Fund- Tech Stocks for the 4th Industrial Revolution- Apple, Tesla, Nvidia
  • FAANG Plus Equity Fund- Facebook, Amazon, Apple, Alibaba, Netflix, Google(Alphabet)
  • EURO STOXX 50- Top 50 European Companies
  • FTSE 100 ETF- Top 100 UK Companies
  • SS&P 500- Top 500 US Companies
  • Sygnia Itrix Top 40 ETF- Top 40 South African Companies
Minimum Investment- R500 000

 

Contact us today to set up  the structure for you. 

Updates from our providers

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