MARC HASENFUSS: Hang on to your Zen

I have to confess I had no idea luxury brands conglomerate Richemont had consolidated its shares.

My son, a more recent investor in Richemont, was also caught up in the tumult and was inconsolable on Friday afternoon. In the middle of dealing with my daughter having stitches removed from her hand, Zac reported that his EasyEquities account showed he was down 90% on his precious Richemont holdings. I tried desperately via WhatsApp to explain the mechanics of a share consolidation, to no avail.

Speaking of second prize, I must report that my long-time doubles partner Raymondo and I were again bundled out of club champs in the quarterfinals, this time by two youngsters who nonchalantly flicked back balls from all corners of the court. On the topic of seismic shifts, I might be guilty of being sucked into the social media narrative on South Africa’s investment prospects. There’s a fair bit of noise, including from a former journalist turned financial expert, about a dire list of tactics to protect your wealth in a doomsday scenario.

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