Think Tank

Welcome to the Pioneer Wealth Managers Think Tank.

05 Oct LEGAE SECURITIES: INVESTORS MONTHLY | OCTOBER 2015

“This company looks cheap, that company looks cheap, but the overall economy could completely screw it up. The key is to wait. Sometimes the hardest thing to do is to do nothing.”- David Tep-per In this edition we review the SA equity market performance for September...

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06 Sep MONTHLY OUTLOOK ON GLOBAL FINANCIAL MARKETS

In line with the global sell-off which ensued throughout the second quarter, September proved to be no different as the majority of the JSE continued to come under strain. As with what has been witnessed, the most heightened volatility continued to be felt within the...

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06 Aug MONTHLY OUTLOOK ON GLOBAL FINANCIAL MARKETS

As volatility escalated further into August, risk assets globally continued to experience notable corrections. While the risk off sentiment emanated from concerns over a slowing Chinese economy, investor’s subdued risk appetite continued to force equities across the globe lower as elevated multiples and threats of...

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06 Aug LEGAE SECURITIES: INVESTORS MONTHLY | AUGUST 2015

“I have an eccentric view on commodities not necessarily shared by my colleagues - or by almost anybody. And that is, we're running out of everything.” Jeremy Grantham In this edition we review the SA equity market performance for July 2015 with specific focus on the Resource sector. In our...

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06 Jul MONTHLY OUTLOOK ON GLOBAL FINANCIAL MARKETS

As volatility escalated further into August, risk assets globally continued to experience notable corrections. While the risk off sentiment emanated from concerns over a slowing Chinese economy, investor’s subdued risk appetite continued to force equities across the globe lower as elevated multiples and threats of...

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03 Jul LEGAE SECURITIES: INVESTORS MONTHLY | JULY 2015

Read the July 2015 edition below or download the full newsletter HERE. “The individual investor should act consistently as an investor and not as a speculator." - Ben Graham In this edition we review the SA equity market performance for June 2015 and look at the equity market fears...

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12 Jun MONTHLY OUTLOOK ON GLOBAL FINANCIAL MARKETS

After the build-up of increasingly worrying concerns over the disconnect between the performance of the South African economy and local equity markets, the latter half of May proved to be a decisive juncture as equity markets corrected vociferously. While the sell-off proved to be somewhat...

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12 Jun LEGAE SECURITIES: INVESTORS MONTHLY | JUNE 2015

Read the March 2015 edition below or download the full newsletter HERE. “The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham After heady gains of over 4% in April the SA equity market fell 4% in May. We highlight some key movements...

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08 May Monthly outlook on global financial markets

Financial Markets After a challenging March, local equity markets rebounded strongly during April with the market being led higher by strong gains across all cyclical sectors. The All Share Index ended the month up 4.70%, bringing year to date gains to 10.82%. This was despite the...

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07 May Legae Securities: Investors Monthly | May 2015

Read the March 2015 edition below or download the full newsletter HERE. “The broker said the stock was "poised to move." Silly me, I thought he meant up.” ― Randy Thurman In this edition we briefly review SA equity market performance for April 2015 and comment on market volatility....

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