Author Topic: Live chat  (Read 1846450 times)

gcr

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Re: Live chat
« Reply #3000 on: December 11, 2015, 11:55:23 am »
I think this is the best lesson on why you need diversify your portfolio across the globe.  Time to visit the Gold broker.
Well even with a diversified portfolio (22 counters) I have taken a massive hit - only 2 bright lights (for me) at the moment and that is DBXWD and Santova. Compared to last month my portfolio is down almost half a bar
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Fanus

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« Reply #3001 on: December 11, 2015, 12:02:47 pm »
If you look at my portfolio on here then I'm glad it's not my actual money.  Who knows how long it will take to recover from such a Zuma correction

Fanus

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« Reply #3002 on: December 11, 2015, 12:07:50 pm »
What is scary is that it's across almost every type of share.  Mass exodus. If I had a crystal ball about who the sellers are then it would provide great insight about who Zuma pissed off so much (excluding us)

chang9015

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« Reply #3003 on: December 11, 2015, 12:13:45 pm »
just sold off half my portfolio that are SA inc.. hope i'm wrong about this for SA's sake

gcr

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Re: Live chat
« Reply #3004 on: December 11, 2015, 12:16:57 pm »
What is scary is that it's across almost every type of share.  Mass exodus. If I had a crystal ball about who the sellers are then it would provide great insight about who Zuma pissed off so much (excluding us)
Whats even more scary I bought up a parcel of about 3000 ARI at round about R 55 all in and have been selling off at the R 41 mark as I don't believe the share is going to go anywhere soon. What must be very debilitating for Patrice Mosepe is that he has seen his wealth fall dramatically - share price has had a high of R 132.54 and now stands at R 39.90 - but I suppose easy come easy go
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Fanus

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« Reply #3005 on: December 11, 2015, 12:23:51 pm »
@chang9015 Don't sell. The waterfront still exists. The banks still run. Sanral is still not collecting tolls. I would venture 90% of SA citizends don't even know what happened (stock wise). They will still rent, buy, spend and eat the same they did yesterday and the day before.  Just a year or two and the divvies will start roling in again

czc

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« Reply #3006 on: December 11, 2015, 12:30:40 pm »
I learnt my lesson buying on the way down with Aspen, will wait it out this time.

chang9015

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« Reply #3007 on: December 11, 2015, 12:37:57 pm »
@Fanus I suppose your right, but macro economics work differently, unless your holdings made you +25% this year, you're actually going backwards in dollar terms, our bond yields increased by 25% since Nene got removed. you're right in saying people will still rent, buy and spend, but it'll cost everyone that much more, expect SARB to increase interest rates by 50-100bps come january if this debacle isn't controlled.
« Last Edit: December 11, 2015, 12:43:13 pm by chang9015 »

chang9015

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« Reply #3008 on: December 11, 2015, 12:38:53 pm »
and, if we do go to junk status.... SA inc are not the holdings you want to be in....

Fanus

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« Reply #3009 on: December 11, 2015, 12:48:12 pm »
Yeah, I know our costs are spiralling upwards... but cheer up. Gold is accepted in most countries :) Just don't head for Europe. They seem a bit full these days

Fanus

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« Reply #3010 on: December 11, 2015, 12:55:27 pm »
SAB is really busting a move right now

chang9015

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« Reply #3011 on: December 11, 2015, 12:57:03 pm »
people who were shorting gold must've had a good laugh hahah

marguerittereed

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« Reply #3012 on: December 11, 2015, 01:23:54 pm »
The fall in stocks.. reminds me of the last week of the Sanlamitrade competition..

Patrick

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« Reply #3013 on: December 11, 2015, 04:28:17 pm »
I wonder if any of JZ's family or friends have made an absolute fortune shorting shares in the last week... The Gupta's are smart enough to, and were most likely consulted before hand...
« Last Edit: December 11, 2015, 04:31:22 pm by Patrick »

gcr

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Re: Live chat
« Reply #3014 on: December 14, 2015, 12:11:15 am »
So Pravin is back as Finance minister - lets see whether he heads off the dudu
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein