Author Topic: Live chat  (Read 1845297 times)

Patrick

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« Reply #7290 on: October 23, 2018, 03:18:39 pm »
Arnold, hahaha

jaDEB

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« Reply #7291 on: October 24, 2018, 12:06:10 pm »
Frikkie maar ek kry pakslaa :'(
jaDEB

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Oversix

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« Reply #7292 on: October 25, 2018, 09:21:09 am »
If SA markets dont turn soon we going to see more blood

PlatinumWealth.co.za

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« Reply #7293 on: October 25, 2018, 09:49:19 am »
Blood is good, I want to buy stuff on the low. (we need a bear market, it's been a decade since the last one.)
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Orca

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Re: Live chat
« Reply #7294 on: October 25, 2018, 03:05:03 pm »
The ALSI has slipped by 20% in the past 9 months. The TOPI has done nothing in over 4 years. In my book that is called a correction. We should see a bottom soon and then up again at last.
I started here with nothing and still have most of it left.

Patrick

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« Reply #7295 on: October 25, 2018, 03:39:07 pm »
I'm looking at switching from an Irish ETF to a US ETF for part of my holdings, if we drop another 12% I won't need to pay CGT to do it!

PlatinumWealth.co.za

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« Reply #7296 on: October 25, 2018, 11:02:22 pm »
Through who?
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Patrick

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« Reply #7297 on: October 26, 2018, 10:05:06 am »
All through interactive brokers. I just found out that the irish fund tax credits don't count in SA, while the US ones will :(

Bevan

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Re: Live chat
« Reply #7298 on: October 29, 2018, 08:56:06 am »
Blood is good, I want to buy stuff on the low. (we need a bear market, it's been a decade since the last one.)

As Orca says, SA has been in a bear market of late. SA typically runs counter-trend to other markets with Rand hedge effects as well. I expect US and European markets to keep taking some hits for a while, whilst SA stocks should find some support quite soon. The pro-business Ramaphosa approach should also start having an impact within about 6 months, freeing up investment capital and growth in SA markets.
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floydthebarber71

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Re: Live chat
« Reply #7299 on: October 30, 2018, 09:53:26 am »
Wow, my gains for the year have been wiped out on US stocks! Good time to invest a bunch more I guess! Will watch for the end of this correction, but what do you guys think? Wait for the US midterm elections to settle first before piling more bucks into that?

Bevan

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« Reply #7300 on: October 30, 2018, 09:58:07 am »
The 2008 crash started in late 2007 as confidence slowly started being eroded, leading to a mass exodus. Whilst I don't think we're going to see a crash just yet, I wouldn't be piling into the market right now. Things have changed dramatically over the last year with US interest rates. High rate environments chase money out of stock markets. The professional money has been leaving while widows, orphans, dentists and shoe-shiners have been trying to prop up the market lately. We are a long way from capitulation still...
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floydthebarber71

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« Reply #7301 on: October 30, 2018, 10:39:35 am »
Yeah interesting. Always a risk so I guess it'll be a steady and watchful stream instead of piling in..

gcr

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Re: Live chat
« Reply #7302 on: October 30, 2018, 11:46:16 am »
Markets move in cycles and have done ever since I started investing in 1967 when I started work - in '69 Retco and Glenanil took our market down significantly - we have had many corrections as well. The 2007/8 market drop cost me about R .5 million in 4 months - this latest correction in SA started in about January and my holdings have been reduced by a similar amount to date. This latest movement stems to my mind purely on political infractions which has had a severe effect on the economy and the constant reference to EWC to such an extent that farmers are not planting full harvest as they don't want to borrow funds to plant and fertilise if their farms are at risk. This non committal by farmers in the long run could have serious repercussions on food supplier; inflation, wages and government spending. Buying and selling shares/ETF is a very patient operation and I think that currently what is happening is that the speculators and the buy on overdraft brigade are being shaken out of the market 
Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

Bevan

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« Reply #7303 on: October 31, 2018, 10:00:06 am »
Agree with gcr. SA only really has room to move upwards from here, after next year's elections. But we could end up becoming a net food importer and that will cost us dearly. Global equity markets should see a nice bounce this week and perhaps next week too, but we are not out the woods yet. Trump's trade rhetoric, US debt issues and bond market wobbles have all seen cash fleeing equities so that markets will likely end in the red this year. However, I reckon best Xmas presents will be equities as next year should see a nice recovery, albeit not shooting the lights out.
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PlatinumWealth.co.za

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« Reply #7304 on: October 31, 2018, 12:45:38 pm »
I don't think people realize how deeply fcked our countries infrastructure really is. Without an outside country (China/Russia) steps in I dont see the ANC having the ability to turn the boat around and the DA will never govern nationally so that option is out.
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