It's time to invest while the Rand is at this level

The Rand has strengthened somewhat (yesterday) and this has presented those of us who have been waiting for an opportunity to take profits and to invest them in something more attractive from a valuation point of view, to move some capital out of the Rand and into cheaper first world multi-nationals.  Get that money out while global equities are in rally mode and the Rand is therefore fairly strong.  Invest in a good mix of assets or asset allocation funds which are nimble and actively managed if you are cautious.  If you want to maximise the opportunity of the current rally in the developed world, get into attractive, relatively high yielding franchise stocks.

Will the rally hold?

Seeing we're benefitting from the typical third year rally (3rd year of a US administration's term, that is), can we expect this renewed climb to continue for some time to come or will it peter out later this year?  The risk of another US & then global equity market bubble, fuelled by QE2 & possibly even QE3, 4, 5... seems high, but will the US political scene end this run before that can happen? Will inflation fears put a (sensible) dampener on things before they get out of hand?  The next six months look positive, even if its for the wrong reasons, after that, higher returns will bring on higher risks, stay in and take the risk or change your asset allocation and be very nimble.