Farewells and futures
THIS IS my final Editor’s Note for Investors Monthly after 18 editions. I have left the Financial Mail and Business Day family and have literally crossed the floor to become the editor of Business Times.
This stint at Investors Monthly has been my first as an editor, and it has been great ground for me to learn the job of putting together a magazine with the help of great people in the background, who refuse to be named. But thank you …
It’s hard to find the right words for this final note, but what I will say is that editing this magazine has been an absolute pleasure.
I’d like to welcome award-winning journalist Rob Rose as the new editor of the magazine. I am sure that under his hand and with the continued support of the writers and production team across the Business Day and Financial Mail stable he’ll only improve the product.
From here on, you’ll see my ugly mug only among the magazine’s columnists from time to time, and at the pleasure of the new editor.
Regarding this month’s edition, making investment decisions in a slowing economy — which is near paralysed by the political uncertainty that has gripped SA for close to a decade — is perhaps one of the most difficult jobs for any professional, let alone for a retail investor trying to find his or her way through all the noise. It will provide many column inches for some time to come and I am sure the magazine will continue to keep you as informed as possible about the world of markets.
We also explore the possibility that a new spate of buyouts may be on the horizon. Companies launching this kind of opportunistic acquisition are often accused of snatching valuable assets on the cheap. In some cases, that’s probably not far off the mark. But for punters, it raises the intriguing possibility that if you identify these “take-out targets” early, there’s a potential upside. We go out on a limb and identify some of these possibilities. I suspect we may get some strong feedback about this feature.
Elsewhere on these pages, we dig into which alternative investments are the best bets when the JSE is looking pricey. Art is well known, but what about horses or diamonds? And we revisit the debate about passive investments versus actively-managed ones — a discussion not about to die down any time soon.
Our popular Buy, Hold, Sell segment considers some of the overlooked counters on the JSE’s electrical board, while veteran investment writer Stafford Thomas holds some interesting opinions about which fashion retailer is the best one to dress up your portfolio and which could leave you feeling drab.