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Author Topic: New Member Alert  (Read 9874 times)

ocali

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New Member Alert
« on: June 17, 2015, 07:27:08 pm »
Hi Guys,

Just registered on the forum... (duh)..

my reason for doing so, i am looking to gain some sort of financial intelligence. i know absolutely nothing but i would like to get involved in investing my money somehow.

looking for to some good reading.
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Patrick

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Re: New Member Alert
« Reply #1 on: June 18, 2015, 09:45:14 am »
Welcome ocali. A lot of the common questions have been answered in the blog. Some of the links are on the top of this page: http://investorchallenge.co.za/

If you don't have anything invested yet, a good place to start is probably in investing in things which save you tax. take a look here: http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidance/

It's all about retirement annuities and the new tax free savings accounts. You'll struggle to beat those two with normal investing, especially as you're new. My advice would be to steer well clear of buying any individual shares as a new investor. Actually I normally recommend even seasoned investors steer clear of it, and have some of that information in the blog too.
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jaDEB

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Re: New Member Alert
« Reply #2 on: June 18, 2015, 10:20:17 am »
Sorry I am from the other side of the fence, so many people talk about investing, read about it, and nothing happens. Best way to learn is actually open an account and buy. I am not saying sell your house and chuck everything at it, but take R10k and buy, the best way to learn is to burn your fingers and sit down and wonder why ?

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jaDEB

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

gcr

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Re: New Member Alert
« Reply #3 on: June 18, 2015, 11:21:53 am »
Play the I Trade challenge, book yourself onto a beginners course with one of the banks to learn about the stock exchange, get hooked up onto one of the Power Hour presentations with Simon Brown - JustoneLap
Some would say read Grahams book - do so if you want to fall asleep after each 10 or so pages - suggest you speed read the book and take out the principles and intuitive bits, but to slog through the book is terrible
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Not everything that counts, can be counted, and, not everything that can be counted counts - Albert Einstein

T_Thunder

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Re: New Member Alert
« Reply #4 on: June 18, 2015, 02:58:12 pm »
Hey all,

I'm new to Investing and this site. I have some unit trusts and an RA which I have taken out myself. I am a contractor and get paid by the hour so I do not have a corporate managed pension fund. Due to a rocky example set by my parents i am very interested in doing a lot better than them. Fortunately for me they suffered to provide me with a great education and I hope that I do not fall too low on the intelligence bar.

I agree with sentiments from both pieces of advice above. I started with my unit trusts and RA but through reading/research found that the fees were hurting my returns in the long run. I invested R20k over a few months into a share investor account with FNB and began my journey. The fees with the FNB account didn't permit me much room to play not to mention the "school fees" I have paid in bad decisions and taking word of mouth advice. I have subsequently moved my entire trading account to Easy Equities so that I have less fees to pay while I learn and develop a more profitable strategy.  (For the other Newbie; the justonelap site has given me great insight and I think it's an awesome place to start. )

I thoroughly enjoyed the tax avoidance article posted above and have already started a TFSA with Easy Equities (I have picked DBX-EU/DBX-JPN).  I mentioned this to a friend of mine who works in the banking sector and he turned to me in shock and told me that I should not leave my money in their care, he sent me the holding company website and said nothing more.

My 2 Questions:

=>What is the sentiment for keeping your 500k TFSA and a large amount of trading capital with Easy Equities (Purple Group Limited) who are not as big or as reliable as our major Banks? RMB, Standard Bank etc.

=>Are there any investor/trading clubs in Pretoria that have some room for a newbie? ;D
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Lamak

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Re: New Member Alert
« Reply #5 on: July 09, 2015, 04:11:52 pm »
Love this...Hi..I'm a learner investor.  Or I want to learn how. I want to earn all my income from dividends so I can stop working. Well not all together. I'm eager to learn and open to discussions.  I started a smallish portfolio...but just dipping my toes into a tsunami.
Let's get the ball rolling
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Patrick

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Re: New Member Alert
« Reply #6 on: July 10, 2015, 08:30:48 am »
T-Thunder a lot of people have their tax free savings with EE as the costs are just so low. It was always my recommendation. I'm changing that now though, not because I don't think the money is safe there (I do) but because ABSA stockbrokers now offers tax free savings accounts at 0.2%. I've already put my money into EE for this year, but next years batch will go to ABSA stockbrokers, unless someone else offers less than 0.2%...

And welcome to Lamak, hopefully Mr_Dividend will pipe up here, he does exactly that, earns all his income from dividends. I've recently been buying the divtrx fund myself to get growth and higher dividends, there's a discussion here if you're interested: shareforum.co.za/shares/coreshares-dividend-aristocrats-etfsp-sa-dividends-aristocrat/

I'm sure a few more people will pipe up here with more advice.
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