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The JSE is trading near all-time highs. Should you sell while the going is good?

(Click here to learn how to protect your wealth when the JSE is falling.)

The economy is quite tepid, yet the Johannesburg Stock Exchange is trading near an all-time high.

Does this make sense? Should we sell our shares before the market corrects? Absolutely not, reckons Warren Ingram, Financial Advisor at Galileo Capital.

Here are five reasons why Ingram isn’t selling any shares (despite them seeming exorbitantly overpriced):

  1. Cash returns are lousy (it almost never beats inflation).

  2. Offshore investments are problematic because of the weak rand (and it’s not as though international markets offer excellent value anyways).

  3. Listed property is expensive.

  4. Almost nobody ever times the market correctly.

  5. Dividends account for a significant proportion, up to 50 percent, of total returns.

“There just isn’t a better option right now than to stay in the market,” says Ingram. “Even if the market crashes tomorrow it won't mean the companies you’re invested in will cease to exist."

Listen to the audio for more detail.

(Click here to learn how to protect your wealth when the JSE is falling.)

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