Belmont Asset Management, founded in 1994, is a Cape Town based wealth management company that provides a specialist investment management service to high net worth private clients, both offshore and onshore.

Our business philosophy hinges on the belief that no two clients are alike. Each has specific requirements and your bespoke portfolio is tailored to meet these. We will take the time to understand your risk profile, your income needs and your long-term investment goals. Our service is personal and your portfolio manager will always be available to discuss your investments with you. Above all, we guarantee you integrity, security and transparency in all your dealings with us. Our income is generated by fees, not commissions.

Update: Trade Wars

Extract from the March 2018 quarterly report:

While Donald Trump’s tariff hikes have triggered trade war fears, it is difficult at this stage to know how far a retaliatory cycle of tariff increases would go. This is because he appears to be using tariff increases or threats thereof as a negotiating tactic to reverse unfair trade practices in the USA’s trading partners. We suspect it is just a negotiating tactic because it is almost certain that Trump and his team of economic advisors are aware of the Smoot-Hawley Tariff Act of 1930 which raised tariffs on over 20 000 US imported goods. The consensus of economists is that the Act exacerbated the great depression of 1929-1933 although the legendary monetarist Milton Friedman believes that tight monetary policy played a greater role. Either way, it appears as if Trump’s negotiating tactics may be working. Continue reading…

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