This applies both to buying when security prices are low because of pervasive pessimism (which goes against our inherent preference to play it safe) and to selling when markets are rising, when we’re tempted to hold out for even greater gains.
In fact, most investors end up doing the exact opposite: they exit their investments at market lows in a bid for safety and reinvest once markets have already run.
Given the prolonged and heightened uncertainty investors are facing, it’s useful to take a step back and re-evaluate the rare opportunities the current conditions are presenting.
Statistics released by the Association for Savings and Investment South Africa (Asisa) for the quarter and the year to the end of June show that South African interest-bearing portfolios attracted most of net annual industry inflows, followed by money market portfolios. South African multi-asset income portfolios were also popular with investors.