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REZCO CASH: SHORT TERM GAIN = LONG TERM PAIN CASH VS EQUITY 2 - PowerPoint PPT Presentation

Mar 05, 2024 •1.22k likes •1.73k views

REZCO CASH: SHORT TERM GAIN = LONG TERM PAIN CASH VS EQUITY 2 CASH VS EQUITY CASH VS EQUITY LONG TERM STATS WHY EQUITIES BEAT CASH LONG TERM HAS THE GAME CHANGED? THE REZCO APPROACH BALANCED FUNDS ADD VALUE 4 1 YEAR 5

  1. REZCO CASH: SHORT TERM GAIN = LONG TERM PAIN

  2. CASH VS EQUITY 2

  3. CASH VS EQUITY

  4. CASH VS EQUITY ● LONG TERM STATS ● WHY EQUITIES BEAT CASH LONG TERM ● HAS THE GAME CHANGED? ● THE REZCO APPROACH ● BALANCED FUNDS ADD VALUE 4

  5. 1 YEAR 5 SOURCE: MORNINGSTAR

  6. 5 YEARS 6 SOURCE: MORNINGSTAR

  7. 15 YEARS 7 SOURCE: MORNINGSTAR

  8. SINCE COMMON INCEPTION 8 SOURCE: MORNINGSTAR

  9. CASH VS EQUITY OVER 15 YEARS 9

  10. ROLLING 1 YEAR: EQUITIES WIN 71% 10 SOURCE: MORNINGSTAR

  11. ROLLING 3 YEARS: EQUITIES WIN 63% 11 SOURCE: MORNINGSTAR

  12. ROLLING 5 YEARS: EQUITIES WIN 88% 12 SOURCE: MORNINGSTAR

  13. ROLLING 10 YEARS: EQUITIES WIN 100% 13 SOURCE: MORNINGSTAR

  14. REZCO VS CASH - ROLLING 3 YEARS - WINS 67% 14 SOURCE: MORNINGSTAR

  15. REZCO VS CASH - ROLLING 5 YEARS - WINS 95% 15 SOURCE: MORNINGSTAR

  16. REZCO VS CASH - ROLLING 10 YEARS - WINS 100% 16 SOURCE: MORNINGSTAR

  17. WHY EQUITIES BEAT CASH 17

  18. LONG TERM: WHY EQUITIES BEAT CASH ● RETURN = ● “TRUE” EARNINGS YIELD + ● EARNINGS GROWTH 18

  19. JSE EARNING YIELD (ex-NPN) THIS IS THE TRUE RETURN EARNED BY INVESTORS 19

  20. EARNINGS YIELD PLUS GROWTH: JSE 20

  21. HAS THE GAME CHANGED ? 21

  22. RSA: LOWER GDP GROWTH 22

  23. RSA - NO INVESTMENT 23

  24. EARNINGS YIELD PLUS GROWTH JSE 24

  25. REZCO APPROACH 25

  26. REZCO’S INVESTMENT STYLE FIND GROWING EARNING AT THE RIGHT PRICE 25% ZONE TO High Growth INVEST IN 20% 15% VALUE GROWTH TRAPS PROSPECTS 10% NO VALUE 5% Low Growth 0% 15 20 25 Cheap Companies 5 10 Expensive Companies PRICE EARNINGS RATIO 26

  27. REZCO GROWTH ASSETS (EQUITY FUND) 9,4% EARNINGS YIELD AND 9% GROWTH 27

  28. FIND THE COMPANIES WITH GENUINE GROWTH DISCOVERY 28

  29. INTERNAL INVESTMENT CREATES GROWTH 29

  30. BUSINESSES INVEST FOR THE LONG TERM DISCOVERY 30

  31. DSY: HAVE DELIVERED THE EPS GROWTH 31

  32. LONG TERM DSY SHARE PRICE DRIVEN BY EPS 32

  33. ENTRY P/E IMPACTS THE RETURN 33

  34. ENTRY P/E IMPACTS THE RETURN 34

  35. RANGE BOUNDS MARKETS NEED TO POCKET THE ALPHA - MONDI 35

  36. REZCO VALUE TREND FUND TURNOVER 36

  37. BALANCED FUNDS ADD OPPORTUNITIES 37

  38. BALANCED FUND OPPORTUNITIES DON’T HAVE A 1 PLAYER TEAM USD vs ZAR 19.20% 5.94% 2.93% 4.90% SOURCE: THOMSON REUTERS 38 SOURCE: MORNINGSTAR

  39. TACTICAL VS STRATEGIC ASSET ALLOCATION 39

  40. REZCO VALUE TREND FUND HISTORICAL ASSET ALLOCATION 40 SOURCE: JTC GROUP

  41. THANK YOU! 41

  42. DISCLAIMER This presentation does not constitute an offer or solicitation to any person in any jurisdiction in which such offer or solicitation is not authorised or to any person to whom it would be unlawful to make such offer or solicitation, and is only intended for the use by the original recipient/addressee. If further distributed by the recipient, the recipient will be responsible to ensure that such distribution does not breach any local investment legislation or regulation. Opinions expressed are current opinions as of the date appearing in this material only. The information is confidential and intended solely for the use of Rezco Asset Management’s clients and prospective clients, and other specific addressee’s. It is not to be reproduced o r distributed to any other person except to the client's professional advisers. All data, models and tests are sourced from Rezco Asset Management unless otherwise stated thereon. While information obtained is from sources we believe to be reliable, Rezco Asset Management does not guarantee the accuracy or completeness thereof. Same as may be provided under law, Rezco Asset Management does not accept any liability for inaccurate or incomplete information contained, or for the correctness of any opinions expressed. Prospective investors should inform themselves and take appropriate advice as to any applicable legal requirements and any applicable taxation and exchange control regulations in the countries of their citizenship, residence or domicile which might be relevant to the subscription, purchase, holding, exchange, redemption or disposal of any investments. While the portfolio manager will attempt to minimise risk, the value of investments in discretionary accounts and the income derived from those investments may fluctuate and it is possible that the investor could incur losses, including the loss of principal invested. Past performance is not necessarily indicative as to future performance. An investor whose reference currency differs from that in which the fund or segregated account is denominated may be subject to exchange rate movements, which may cause fluctuations in the value of their investments. In addition, investments involving exposure to a currency other than that in which the segregated account or fund is denominated may also cause values to fluctuate. 42

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