Guess what? If (many say when) SA gets cut to junk by the rating agencies, the world will carry on. SA won't be the first and last country to have a junk rating. Of course, market commentators will talk about increased bond yields and market corrections. We know better. We concede we will probably have lots of market volatility. We choose to ignore it. We choose to focus on the data that matters in the very long term. So, smile when you hear people freaking out about ratings. Chuckle when you hear political parties get their knickers in knot because of rating agency comments on political risk. Don't get me wrong, a rating downgrade is bad news. I am just saying there is no need to go and make wholesale changes to your investment portfolio. The world will survive and your diversified investment portfolio will be fine in the long run.