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Messages - Hamster

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451
Shares / Re: Is buying a house in South Africa a good long term investment?
« on: March 22, 2016, 06:53:17 pm »
Quote from: conradl on March 22, 2016, 12:14:35 pm
Rentals that can be fetched in JHB is significantly higher than CPT, especially if you work in Sandton and want to live in the surrounds...
The unit I rent in JHB North is worth R1.1 and I rent it for R8000 excluding levies of R1500 which I don't have to pay.

Compared to 240 months that is roughly R4k pm I'm not spending excluding maintenance, taxes and a rising interest rate. (and the eventual fees + time when I want to sell it)

Now if I do nothing with that R4k pm and spend it on toys and new cars then sure, the house would be a better investment (and this is the story of the average middle class South African).

Added bonus is me not locked down in one area and being able to move when I want like I'll be doing come August.

452
Shares / Re: Is buying a house in South Africa a good long term investment?
« on: March 22, 2016, 05:23:40 am »
I never get the "you are paying off somebody else's bond and if you buy you'll have something to show for it" argument. The money you save renting isn't exactly doing nothing and neither do you have a loan to pay off.

453
Shares / Re: PE of ETF's
« on: March 17, 2016, 12:23:10 pm »
Div yield can be found on Bloomberg if I'm not mistaken

454
Off topic / Re: Can you predict the Zexit?
« on: March 17, 2016, 12:21:45 pm »
OK, I'll be the overly optimistic one and say within the next two weeks

455
Shares / Re: Time to get rid of Astoria?
« on: March 09, 2016, 06:33:57 pm »
I did, yes. Pushed it all into NEP.

456
Shares / Re: Time to get rid of Astoria?
« on: March 09, 2016, 06:04:33 pm »
Well I have no doubt that it'll be a great investment some day (maybe the not too distant future), right now they seem very conservative. As suspected most of the funds is kept cash and as they said themselves in that SENS - they are very cautious. Fair enough, but I'm not 55 years old in need of a conservative very cautious investment strategy. I need equities so maybe they just aren't the right fit for me right now.

I'll keep an eye on them but wait for their results to start coming in and see their share price actually moving (junk status downgrade movement aside  :whistle: )

457
Shares / Re: problems investing on your own
« on: March 08, 2016, 08:10:36 am »
Quote from: Orca on March 07, 2016, 03:14:18 pm
Researching a system that suits you and the stocks that fit the method. Then, the most difficult part...... finding the money to invest.  :(
This actually

458
Shares / Re: problems investing on your own
« on: March 07, 2016, 03:07:17 pm »
Not getting all emotional about it :p

459
Shares / Re: Time to get rid of Astoria?
« on: March 07, 2016, 11:50:41 am »
I can't find anything on what they've done or are doing except that they listed in Nam as well.

NEP has been good. I've sold my ARA at a loss (I might kick myself for this one day) and pushed it into NEP.

More school fees: know what you are buying.

460
Shares / Time to get rid of Astoria?
« on: March 07, 2016, 11:21:27 am »
So Astoria has not been performing at all. Anybody here reckon it is still worth keeping?

At the moment my finger is hovering over the sell button and very tempted to reallocate that money to more NEP.

Thoughts?

461
The Investor Challenge / Re: Blog post: Should you be dollar cost averaging?
« on: March 03, 2016, 05:13:39 pm »
Very nice article

462
Shares / Re: Look out, we are heading for a crash again
« on: February 22, 2016, 07:50:31 am »
Well....by those charts we'll have our crash within days

Budget Speech? :p

Sent from my LG-V490 using Tapatalk


463
Shares / Re: Look out, we are heading for a crash again
« on: February 21, 2016, 03:32:02 pm »
Almost nothing. Only cash I keep is for debit orders and a very small emergency fund atm (which I need to rectify). If there is an emergency I have got a very large credit and budget facility on my credit card (and pre approved loans I can take) while I free up some funds.

Probably not the wisest way to go about things, but hey, if the cash is "not available" it cannot be spent or used as a deposit on something in the spur of the moment.

Sent from my LG-V490 using Tapatalk


464
Off topic / Re: ABSA Stockbrokers
« on: February 17, 2016, 03:10:53 pm »
Quote from: gcr on February 17, 2016, 03:06:43 pm
Quote from: Hamster on February 17, 2016, 01:46:54 pm
So my accounts are open, just waiting for my other STANLIB accounts etc. to be closed and get the money transferred  :)

My question is with regards to the trading screen (I've only got real experience with buying and selling on EasyEquities so bare with me). On the screen I've got the option to buy with the following options:

Number of Shares
Order Type (always set to Limit Order)
Limit Price (cps)
Expiry Date

So am I correct in assuming that it is asking me to place an offer to purchase x amount of shares for x amount of money (cost per share) and that the offer is valid till x date? When the criteria is matched the order will execute else nothing will happen?
I don't know if their platform is purely robotic or whether they have human beings monitoring client orders, the reason I ask is that my brokers occasionally intervene in the market when the auction is in place. My brokers sold a small parcel of Massmart for me at some 57 cents more than my sell order was for.
May just want to establish whether they do trade on behalf of their clients in the auction

I'll do that but I'm not a trader so it's not the most important thing for me to worry about. Having the system wait and watch for my proffered buying price though...  :TU: 

465
Off topic / Re: ABSA Stockbrokers
« on: February 17, 2016, 02:14:01 pm »
Schweet


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