Be hands-on and diversify in shadow of Viceroy’s sword
Mainstream investors have been battered since the end of 2017, with supposedly blue-chip investments turning sour
Seasoned investors could be at risk from further fallout affecting blue-chip investments as the market awaits a report from research outfit Viceroy. But if they diversify risk and learn more about their investments, they will be able to weather any storms. "Investors should be more hands-on regarding their own portfolios," Herenya Capital Advisors analyst Petri Redelinghuys says. Losing 5% to obtain better future results "is not too high a price to pay", Redelinghuys says. Investors must be prepared to take a hit at times. Investing in stock markets carries risk because the aim is to obtain a bigger return than through a fixed deposit, for example, he says. Mainstream investors have been battered since the end of 2017, with supposedly blue-chip investments turning sour. This began with Steinhoff in December when the global retailer’s share price went into free fall, losing 91% as the group announced accounting irregularities. Viceroy had released an extensive report on Steinhoff’s a...