Home > Resources > News

LATEST NEWS

PSG Wealth Daily Investment Update 28 November 2014

Oil-related shares like Sasol tumble on oil decline The Nikkei Index climbed higher on Friday with a weaker yen lifting the share prices of export-related stocks The Hang Seng Index moved higher on Friday, while mainland China rallied for the seventh consecutive day European markets saw the share prices of oil-related shares fall and limit gains on Thursday US markets were closed on Thursday for the Thanksgiving holiday The JSE All Share Index ended positive on Thursday despite fairly Read more [...]

Grandmaster Investor

There was an interesting article in the Financial Times this past week, which caught my attention as it was of a non-financial nature in the business section of the newspaper. The second thing that grabbed me was that the article was about the current world chess champion who is a young Norwegian of just 23-years by the name of Magnus Carlsen. The biggest impact I got from the article was that he does not use an army of advisors or a room full of hi-tech computers to help his decision making like other chess players do. Many chess players believe that a chess game is won or lost from the first 3 opening moves from each player. While others use computers to calculate over 9-million possible moves, Magnus Carlsen defended his chess grandmaster title by just being an amazing raw talent but also by grinding down his opponents with lengthy patience. Read more [...]
Publication: In The Press

PSG Wealth Daily Investment Update 27 November 2014

Markets quiet ahead of Thanksgiving holiday The Nikkei Index slipped 0.8% lower on Thursday, with many investors preferring the sidelines The Hang Seng Index slipped slightly lower on Thursday, while shares on mainland China surged higher European markets closed lower on Wednesday with fresh losses in energy shares Wall Street closed higher on Wednesday ahead of the Thanksgiving holiday The JSE All Share Index ended 0.30% lower on Wednesday The rand was slightly weaker against the Read more [...]

PSG Wealth Daily Investment Update 26 November 2014

Resources drag on JSE The Nikkei Index ticked down on Wednesday The Hang Seng Index rose on Wednesday, due to gains for brokerages European markets marked time on Tuesday after a two-day rise U.S. stocks closed mixed on Tuesday JSE closed lower on Tuesday as mining stocks pulled the market down The Rand firmed against the dollar on Tuesday after the latest GDP data Gold dipped from $1,200 an ounce on Wednesday as equities rose U.S. oil prices fell 2.5% to near four-year lows For Read more [...]

PSG Wealth Daily Investment Update 25 November 2014

JSE closes lower as resources stocks fall on profit-taking The Nikkei Index rose on Tuesday The Hang Seng Index traded lower on Tuesday as investors there were more cautious European markets inched lower in early trading on Monday U.S. stocks rose on Monday on hopes that China will take further accommodative action The JSE failed to follow firmer global markets on Monday The Rand inched lower against the U.S. dollar on Monday Gold steadied below $1,200 an ounce on Tuesday Oil Read more [...]

Monthly Archive