Market Wrap - Stock Pick - cash
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Caroline Cremen from Adviceworx chose cash as her stock pick of the day.
"I do personally think and hope that we will get a bit of a rand breather after the election, beyond that I am unconvinced. So, what I would suggest to people is that right at this point up to the election they sit in cash they take advantage of that rand breather if it occurs after the election and increase their exposure offshore. The great way to do that locally is through the locally exchange trader funds, my favourite one Coreshares is global dividend achievers and you cannot do better than that"
"I do personally think and hope that we will get a bit of a rand breather after the election, beyond that I am unconvinced. So, what I would suggest to people is that right at this point up to the election they sit in cash they take advantage of that rand breather if it occurs after the election and increase their exposure offshore. The great way to do that locally is through the locally exchange trader funds, my favourite one Coreshares is global dividend achievers and you cannot do better than that"
