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Author Topic: Live chat  (Read 2928942 times)

Hamster

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Re: Live chat
« Reply #5505 on: April 06, 2017, 10:57:31 am »
Well, it's stuck in the TFSA so can't be moved and the rest is up and down every other day
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Hamster

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« Reply #5506 on: April 06, 2017, 11:00:13 am »
Doesn't ABSA have a minimum amount that needs to be in the account before interest will be paid? And it's monthly, not daily as far as I'm aware so EE has a slight compound advantage
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Patrick

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« Reply #5507 on: April 06, 2017, 01:05:00 pm »
Yeah, they only pay if you earn more than R30 interest in a month. I'll have to do the maths to see if the compounding makes them better. I do this with my cash before I move it offshore.
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Nivek

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« Reply #5508 on: April 07, 2017, 11:19:53 am »
Everyone must be out marching today, it's very quiet here.
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Patrick

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« Reply #5509 on: April 07, 2017, 01:43:04 pm »
Fitch has just downgraded us to junk :(
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Maurice

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« Reply #5510 on: April 07, 2017, 06:36:18 pm »
Going to be quite a ride for the next while.
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Orca

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Re: Live chat
« Reply #5511 on: April 07, 2017, 07:37:55 pm »
SA stocks and the rand has been resilient so far and when one looks at what happened to Brazil when they went into junk status, it is not so bad. The REAL increased by 25%  over 1 year against the USD. Same politic problems. So hang in there.
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I started here with nothing and still have most of it left.

Hamster

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Re: Live chat
« Reply #5512 on: April 07, 2017, 09:59:24 pm »
Worst still coming if Rand's local rating is downgraded. Think I'll actually worry if news of that happening starts making the rounds.

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Moonraker

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Re: Live chat
« Reply #5513 on: April 08, 2017, 12:41:47 pm »
Quote from: Hamster on April 07, 2017, 09:59:24 pm
Worst still coming if Rand's local rating is downgraded. Think I'll actually worry if news of that happening starts making the rounds.
Well, Fitch has downgraded local Rand denominated debt to junk together with foreign denominated debt. If Moody's does the same, that's when the big selling of government bonds will take place as they then cannot be included in bond index trackers like Citibank World Government Bond Index and JP Morgan Emerging Markets Bond Index.
That will cause the R. to weaken further. Our S.A. Inc. shares have not priced in this scenario. Very baaa..aa..aad.
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Hamster

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Re: Live chat
« Reply #5514 on: April 08, 2017, 04:39:18 pm »
Didn't realise Fitch downgraded local as well ...

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Nivek

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« Reply #5515 on: April 10, 2017, 10:44:08 am »
Some good news: https://www.enca.com/south-africa/anc-to-rethink-nuclear-deal Maybe they'll cancel it and Putin will break JZ's kneecaps before feeding him a cyanide sandwich.
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Fawkes85

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« Reply #5516 on: April 10, 2017, 10:47:58 am »
Sheez. I leave you people alone for one month and the whole economy is falling apart.
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Patrick

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« Reply #5517 on: April 10, 2017, 12:57:06 pm »
It wasn't me
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jaDEB

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« Reply #5518 on: April 10, 2017, 01:33:22 pm »
 :TU:
« Last Edit: April 10, 2017, 02:42:04 pm by jaDEB »
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jaDEB

If it scares you, it's a sign you need to do it

Patrick

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« Reply #5519 on: April 10, 2017, 02:49:12 pm »
I preferred the previous comment. Made me seem all bad-ass when all I actually did on Friday was sit at home having lots of conference calls :D
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