If you’re feeling poorer, it’s probably because you are poorer. Maybe not in rand terms, but certainly in dollar terms.

If you had invested $100 in the FTSE JSE All-Share Index on February 12 2015 it would be worth $86 today, a loss of $14 over the five-year period. If you had invested $100 in the US S&P 500 Index over the same time it would be worth $161, a profit of $61. The difference in return between the two markets is a massive $75, or 87%.

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