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Off topic / Re: Live chat
« on: March 01, 2017, 04:57:38 pm »
Felt quicker than two weeks. Time flies.
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Certainly curious about the dropping of Clicks as I'm showing 172.9% share price growth since purchasing in 2011
Fair enough. But that's the reason I don't like sector ETFs like INDI or RESI. I prefer those that "auto adjust". Latest SENS update showed NFEMOM dropping a couple of resource shares (and Clicks altogether btw...Was the largest constituent before that).I don't hold any resources shares as my take on sunny RSA is that as soon as we get improved prices on resources we end up with strikes and all sorts of delays in actually getting the ore out of the ground. The government has mouthed off about beneficiation for years and gets no closer to doing anything in this direction as it is just not viable as labour costs are exorbitant and we have a lazy workforce who find more satisfaction in striking than in doing an honest days work. So in reality (my opinion) resources will not be the countries saviour and we need to look elsewhere, also with the latest tax disincentives who will really want to take on investment risk.You really reckon Indi is the place to be over NFEMOM or CTOP50? Feels like we shifted back to resources being the best place to be (I use that term very very loosely)KAP, RLF, AXL all served me pretty good. But yes since Zuma and Gupta everything went to shiat. pretty much everything till November 2016.Stick with your STXIND and DBXWD both are long term investments - the old adage time in the market, not timing the market needs to be heeded - on my INDI I am still up 45% - and simply if this economy is to improve then the INDI will be the first to improve. The DBXWD is your backstop - if Zuma and his corrupt cadres bullet Gordhan then the Rand will see its ar%$ and you will be thankful for being in this DBX - I too am taking some pain on DBXWD but only .6% at present so can sit out the volatility
DbxJP fcked.
dbxwd fcked.
STXIND fcked.
So play the long game
You really reckon Indi is the place to be over NFEMOM or CTOP50? Feels like we shifted back to resources being the best place to be (I use that term very very loosely)KAP, RLF, AXL all served me pretty good. But yes since Zuma and Gupta everything went to shiat. pretty much everything till November 2016.Stick with your STXIND and DBXWD both are long term investments - the old adage time in the market, not timing the market needs to be heeded - on my INDI I am still up 45% - and simply if this economy is to improve then the INDI will be the first to improve. The DBXWD is your backstop - if Zuma and his corrupt cadres bullet Gordhan then the Rand will see its ar%$ and you will be thankful for being in this DBX - I too am taking some pain on DBXWD but only .6% at present so can sit out the volatility
DbxJP fcked.
dbxwd fcked.
STXIND fcked.
So play the long game
Any new thoughts on investing the INDI ?
I have 10 days left to max out my TFSA and was thinking of putting the $$ in the INDI..
i WaNT sub R14.00
I am confused
Astoria, just me or have they been on the decline for almost forever now.
Hamster - can't you use your STXIND as a tax break or are you going to lose more than you are prepared to lose. Most segment counters are cyclic and maybe you need to look at the share prices of a couple of counters and track the cycles which could assist as to when you enter those counters.
Also there is so much noise out in the market - FNB will say that house prices have stagnated and even gone backwards. There was an article recently where it said to build a house costs more (square metre basis) than to buy a house of similar size - strangely that's been the situation for all of 30 years anyway - if you even out the peaks and troughs. I myself have just received notification that my homeowners policy (replacement of my current premises id razed to the ground) is increasing by 11%. Strangely enough this insurance cover has doubled since 2013 so I think everybody is putting in false information into the market.
I hold STXIND but then I have held them for a good number of years so am showing + 40% share price improvement - so maybe you should reconsider selling out - but that's just my opinion.
The market also works in cycles in 2007/2008 my portfolio took a hit of some R800,000 but within 18 months the value was some R 200,000 above its highest point at the time of the crash. Investing in the stock exchange is a long term investment so stick it out