Local v Offshore: Piet, Magnus agree on portfolio structure, warn on marketing scams
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Two years into the R1m challenge to settle which is better, JSE or global investing, the performances of protagonists Piet Viljoen and Magnus Heystek have significantly narrowed. Following a flying start, Piet’s “Local is Lekker” portfolio has stalled, with Magnus’s offshore-focused investments clawing back after a horrific first few months. In this half-yearly recap on the Challenge, there’s a surprising amount of agreement between them - including a shared warning of how marketers of financial services promote finite-time concepts whose results are bad for investors. They spoke to Alec Hogg of BizNews.
