Share Forum - Discuss JSE shares and join the Investor Challenge

44th Birthday coming up, so suddenly hit me that i have been lounging around for 4 years! I don't think I have accomplished one project that I had planned before retiring - you know, with all this extra time 

Oh well - think my tennis is slightly better.

Good fun   

BTW lately have been topping up on SA property to a point where I can live fine on just the SA prop - from here on will take the scrip divi on oversea prop if given the option. Messed up a bit in my one year old capital gains portfolio and went way over the top with small caps - so have been trimming that back and slowly recycling funds into larger caps.

https://vantagepointtrading.com/wp-content/uploads/2010/05/How-I-Made-2000000-in-the-Stock-Market.pdf

This book is frequently on the must read list of traders - well worth the read. Short book - takes a couple of hours to read at most.

What I found interesting:

How he did well when travelling, but not well when he had information overload
How he entered shares even after they had run pretty hard.
His very small stops - advantage of trend following?
Pretty much going all in on trades - 2-3 shares it seems.

Seems easy, buy shares on or before LDT - sell afterwards. Make tons of moola, buy island, declare yourself president and give the middle finger to the world. Easy. 

Although not great for this task, I am using my easyequities account - although the Absa account and limit orders would be far better - if I see any success will move it to that account and up the stakes. That said, being able to use the full buy/sell amount will also come in handy, I will only use capital received to purchase the next share, and keep the dividends separate.

Debating on a rule that I can only sell at or above purchase price. Could be a long wait 


Should be interesting anyway.

Trade one Alexander Forbes @ 640
DY 3.44%

http://www.bdlive.co.za/business/financial/2016/03/30/first-new-exchange-licence-in-a-century-ushers-in-competition-for-jse

interesting. Getting in on the OTC action first.

The other two are the main board, similar to the JSE’s main board, but with a principles-based compliance model

Not sure I like the sound of that - but could be reading/understanding it wrong.

Wonder if trading cost will be cheaper. Could see EE jumping in.

Day 1 :: R-200

** Please Note ** You would be crazy to act on any "advice" given by me, or anyone else on this thread. I am a totally beginner and my knowledge of sharing trading could be written on the back of a match box. I am not that good at investing ether.

A week or so ago I started looking into trading CFD's - basically wanted to get involved in shorts when a certain idiot decided to fire another person. So looked into it and decided to give it a go. Had some success on GT247's demo account - so opened a live account with a tiny amount (R4000) and lost R200 the first day, Friday 

I am sure I will be loosing a lot more in the near future, but also plan to learn from my (I am sure frequent!) mistakes. Anyway, I thought some on here might be interested in trading and would enjoy having a giggle at my expense 

I have another R20K or so earmarked for this, will put it in slowly over 6 months, I am hoping after 6 months I will start to show some sort of improvement.  That said, I am really enjoying this, might have actually found the paying hobby I have been looking for. Day one, lost R80 on trades and spent R120 on fees - need to be a bit more patient.

Will see what direction the markets move tomorrow but if up, will be looking to go long on CML and possibly Sasol

actually negative on Sasol - checked the RSI

This conversation seems to often pop up on different threads. I thought I would compare a very popular overseas fund (VSTX - vanguard total market, broad USA all share) with one of our favorite funds - the STXIND

https://personal.vanguard.com/us/funds/snapshot?FundId=0585&FundIntExt=INT#tab=1

5 Years: The info.

Dollar : 7.18 now 13.3

STXIndi - R23,96 now R63.81

VSTX $10,000 -----> $21,046

So, if you had R71800 you could have changed it into $10,000 and you would now have (21046 x 13.3) R279,911
Had you bought the STXind R71800 you could have bought 2996 STXindi shares, now worth R191,174

So although the INDI has done very well in % terms, because of the Rand,  you would have done a fair amount better had you taken the money overseas.


#####should just add, the Rand has taken a beating lately - it might recover. At the same time, what do you think would happen to the rand if say a Mr Malema came into power?

Interesting - might use them from next year.

Although I cannot fault EE for their offerings and for guys on a limited budget they have been a breath of fresh air, my one reservation with them is that when buying individual shares, as I understand it, they are not registered in my name at compuserve. So if they go bust, you could loose everything? Or do I have that wrong?

Still think they are great for lots of smaller trades - but over a certain amount, and if you already paying for a stock account, it might be better having the money with the bigger guys. IMO

Tax Free Savings Account (TFSA)
We are glad to announce Tax-Free Savings Account (TFSA). Below are some key features you should know:

Brokerage is set at 0.2% with no minimum and No monthly admin Fee E.g. An investment of R500.00 will cost you a total amount of R5.54 including statutory costs
No Securities Transfer Tax (STT)
No Capital Gains Tax (CGT) when you sell these products
No Dividend Withholding Tax (DWT) on dividends earned
No tax on interest earned.
There is a R30 000 annual contribution limit and a R500 000 lifetime contribution limit.
Selected Exchange Traded Funds (ETFs) are suitable.
Profits made in the TFSA account do not contribute to existing tax annual limits (interest and capital gains), and may be re-invested in the TFSA account without utilising the contribution limit, provided they are not withdrawn.
Simplicity in terms of product features, fee structures and administrative processes.
Investment amounts are restricted to the annual and life-time product investment limits - currently R 30,000.00 and R 500,000.00 respectively.
It is the responsibility of the investor to avoid exceeding the above limits or they may be held liable for related penalties issued by SARS.
Currently only selected Exchange Traded Funds (ETFs) are suitable.
All you need to do is follow these 5 easy steps:

Go to www.absastockbrokers.co.za and click on create an account
Select personal account as TAX FREE SAVINGS ARE ONLY FOR INDIVIDUALS
Complete the personal details page to view what is on offer and to complete the mandate
Complete the Online mandate and accept the T&C’s
Once your account is activated Transfer you funds electronically to us to start trading:
Absa Stockbrokers (Pty) Limited
Account number 01026911695
Branch code 632005
Reference ”TFSA + your account number”

Does it form part of:

Interest exemptions
•    Interest from a South African source earned by any natural person
under 65 years of age, up to R23 800 per annum, and persons 65 and
older, up to R34 500 per annum, is exempt from taxation;

And therefore you are not taxed on your first R23 800 and then the rest added to income,

OR

Does it all go onto income?

I just cannot get a 100% answer.