Opening an offshore bank account - that would have cost you a lot between 9/12 and today...!!!! No decisions should ever be taken in isolation of one's overall objectives - they drive what one should do. The problem is that most people don't have quantifiable objectives: what they do have is objectives for "the weekend" - which get rolled over until they reflect a result - but no intention. ???
not that simple, SP has us negative outlook one notch above junk .. they update again in june and dec, market pricing in junk from them I thinks (to a degree) .. fitch is one notch above junk, but stable outlook, moodys is 2 notch above junk but negative outlook ..
ok...I just need to tread carefully...my local investment portfolio is geared towards banks and insurance (has been for years), and I maybe need to think about my strategy a bit more. Although my portfolio has done well enough for me. I'm not averse to cash.
before anyone gets into a panic here over ratings downgrades - there is a big difference between sovereign and corporate debt. Just because SA gets downgraded, doesn't mean a bank's bond yields will be affected. The issue to watch out for, as I understand it, is the sovereign ceiling policy, whereby ratings agencies will be more reluctant to rate corporate debt higher than the country in which they operate. But I don't think this is actually a blanket policy as opposed to a guideline of sorts.