Investing for capital preservation and growth
Many of us are still reeling from the effects of COVID-19 on our lives, our health and even our investments. History reveals the only asset class that has consistently delivered returns in excess of inflation is equities. But after the rollercoaster ride of the past year, many investors are understandably feeling somewhat punch drunk, and are grappling with how to position their portfolios when they value both capital preservation and growth. With the continued uncertainty, it is tempting to switch in and out of investments as you try to chase the money, but this can lead to poor investment outcomes. Marise Bester, at Allan Gray, is here to share some thoughts.