1 year ago

Blue Chip Issue 82

  • Text
  • Financial
  • Advisors
  • Investments
  • Equity
  • Wealth
  • Offshore
  • Asset
  • Portfolio
  • Investing
  • Global
  • Momentum
Welcome to our Investing Offshore Special Edition of Blue Chip. a quarterly journal for the financial planning industry and the official publication of the Financial Planning Institute of Southern Africa NPC (FPI). Blue Chip publishes contributions from FPI and other leading industry figures, covering all aspects of the financial planning industry.

On the money Making

On the money Making waves this quarter US and Russia eyeing Bitcoin, Microsoft to buy Activision Blizzard US and Russia eyeing Bitcoin Bitcoin and cryptocurrencies are at a tipping point as two rival major world powers – the US and Russia – both appear to be moving towards state acceptance of digital money, affirms the CEO of global financial giant deVere Group, Nigel Green. The bold assertion from Green comes as the Biden administration is preparing an executive order for release to set out a comprehensive government strategy on cryptocurrencies. Meanwhile, Russian president Vladimir Putin is backing his government’s proposal to promote Bitcoin mining in the country through clear taxation and regulatory measures. “While they remain fundamentally politically and ideologically opposed, both Washington and Moscow appear to be coming to the same consensus that in a digital age, traditional fiat currencies are on borrowed time and have been for a while,” says Green He continues: “Despite currently having the world’s reserve currency, it seems the US knows the future is inevitably digital. This would explain why Biden is rushing a directive that would place the White House in a central role overseeing plans to set policies and regulate digital assets.” Green concludes: “There’s a sense that Bitcoin and crypto is headed towards a moment of critical mass, at which a new way of doing things crosses a threshold.” MICROSOFT TO BUY ACTIVISION BLIZZARD – “CREATING A COMPLETE AND SELF-SUFFICIENT FUTURE META-VERSE ENTERTAINMENT BUSINESS?” Microsoft is one of the top 10 holdings in Stonehage Fleming Global Best Ideas Equity Fund (GBI). Gerrit Smit, fund manager, comments on Microsoft’s recent acquisition of Activision Blizzard. 1Life, an alternative solution for financial advisors This deal provides Microsoft Gaming full access and control over gaming content generation and therefore accelerates their growth potential in this field on all mobile, PC and console devices. With Microsoft’s own expertise on the meta-verse, they can now create a multi-faceted meta-verse of gaming and wider entertainment with a good chance of becoming a leader in this new field. This deal can possibly put them in the lead very early with a complete and selfsufficient future meta-verse entertainment business. With the low interest rate they currently earn on their cash and the relatively fair valuation they pay, the deal can be immediately accretive to earnings on completion. If well managed, this one plus one can add up to well over three over time. Microsoft is at the forefront of designing and utilising the phenomenal growth in the fourth industrial revolution. While the provision of solutions in artificial intelligence, cloud computing, big data, the internet of things and cyber security are the growing future business drivers, Microsoft is totally entrenched in business and people’s private lives. It is a strong cash-generative business that is leading the design of new technologies and in turn driving the economy. To illustrate the result of its success, the share has compounded close to double digits since its peak at the end of 1999 preceding the burst of the technology bubble. GLOBAL INVESTING MADE EASY Your wealth-creating guide to the international markets By Warren Ingram Investing overseas can be a very intimidating, even scary subject to private investors. The book aims to demystify global investing by providing novice investors with practical guidelines on how to invest overseas while helping them to avoid the inherent pitfalls. Global Investing Made Easy covers all the main aspects that a non-financial person should know before embarking on a global investment journey and will be helpful to investors across the globe. People of all ages and levels of wealth will benefit from the practical, easy-to-understand, jargonfree information required to invest in international markets, proving that financial freedom is possible for everyone.

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