31
Off topic / Re: Live chat
« on: January 31, 2017, 12:18:02 pm »
There seems to be some issues with share prices in the competition, I hold metrofile. This morning it said I had a 10% gain, now it says I have 0% gain.
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32
Shares / Re: Sygnia ETFs coming
« on: January 16, 2017, 02:26:48 pm »
I would like to see:
1. World small cap ETF
2. World mid cap ETF
3. Local small cap ETF
4. Local long term gov bond ETF
1. World small cap ETF
2. World mid cap ETF
3. Local small cap ETF
4. Local long term gov bond ETF
33
Shares / Re: How I made 2 Million dollars
« on: January 16, 2017, 01:50:54 pm »
When is part 2 coming out? How I lost the 2 million in the stock market, lol.
35
Shares / Re: TFSA Portfolio Allocation
« on: December 21, 2016, 01:03:09 pm »If you choose the right ones MCI've not been so lucky with a few. African Cellular Towers, Esor, Gooderson Leisure. On the other hand i've been very lucky with others. The successful small caps become the mid-caps and mid-caps become large caps over time...
I just buy the ASHMID midcap index instead of individual companies, excludes top 40 and is basically the next 60 largest companies. I also have this expensive Investec global small cap fund that I am planning to switch out for a cheap ETF equivalent soon.
This is off-topic but I've bought small-cap ETFs in the US after doing a little bit of homework. The international universe is like a massive sweet shop, there is so much to choose from. Except Small-cap in the US is classified as >$500m and <$500m is a micro-cap.
The midcap and smallcap indexes (for the US since 1971) perform equally well over the long term, just the large cap that lags.
I've been investigating a nice emerging market ETF and you will be surprised that in for example the Vanguard VWO ETF how many SA companies are included (a small feather in our caps I rate)...
Yep, SA is a very strong emerging economy, last time I checked we are the 30th largest economy in the world by GDP (PPP) out of 228.
36
Shares / Re: TFSA Portfolio Allocation
« on: December 20, 2016, 10:52:24 am »I won't add any small caps in a TFSA, remember a TFSA/TFSI is not a short term or trading portfolio its a tax free long term read decades portfolio you want a proven track record in there. Despite the dip coming in 2017 time in the market over the decades will make a bigger difference.
Small/mid caps do better over the long term than large caps, that's why I recommended them.
37
Shares / Re: TFSA Portfolio Allocation
« on: December 19, 2016, 02:13:26 pm »My TFSA consists of
50% DbxWD
30% CTOP50
10% PTXTEN
10% GLPROP
A decent mix. A bit heavy on the large caps. I personally like to add some small/mid cap as rocket fuel for my portfolio. Also, you have a 60% exposure to foreign currencies. Ok if you are thinking of leaving SA, a bit high if you are planning to stay.
38
Off topic / Re: How can i build credit in SA with foreign income? Ideas??
« on: December 09, 2016, 09:55:25 am »Do you know which is the best site to check the credit rating? @MoneyChief.. Most of them require credit card details and we all know that can turn out.
They are all pretty similar. I've used Transunion and Experian in the past. Probably ok just to use the cheapest one.
39
Off topic / Re: How can i build credit in SA with foreign income? Ideas??
« on: December 08, 2016, 02:01:28 pm »Do you have a South African residential address? If not you will not be able to FICA.Interest is a hungry dog but it is sometimes necessary in gaining assets.
You might be gaining an asset, but you are also gaining a negative asset (the loan) that cancels out any gains the asset would have brought. There are no shortcuts.
40
Off topic / Re: How can i build credit in SA with foreign income? Ideas??
« on: December 08, 2016, 10:14:59 am »
Is your problem that you have bad/insufficient credit or is it that you don't have South African income?
To fix your credit rating:
1. Make sure you have available credit, but don't use it all. Max 10%. So if you can borrow R50000 on your credit card, don't use more than R5000 of it.
2. Don't miss payments.
3. Get different types of credit. Credit card, personal loan, car loan, etc.
Check your credit report at one of the credit agencies so you can see what the problem is. They will also FICA you as far as I know. They might send your pin number to your residential address which might be a problem if you are overseas.
Good luck.
To fix your credit rating:
1. Make sure you have available credit, but don't use it all. Max 10%. So if you can borrow R50000 on your credit card, don't use more than R5000 of it.
2. Don't miss payments.
3. Get different types of credit. Credit card, personal loan, car loan, etc.
Check your credit report at one of the credit agencies so you can see what the problem is. They will also FICA you as far as I know. They might send your pin number to your residential address which might be a problem if you are overseas.
Good luck.
41
Off topic / Re: How can i build credit in SA with foreign income? Ideas??
« on: December 07, 2016, 08:53:55 pm »MC - I think that is a matter of opinion and what your current debt is. I would never use my capital to buy a big ticket item (house or car) use the banks money, but manage you repayments/interest rate/ additional deposits. My view is that once you erode your capital to pay for these items you seldom have the discipline to build the capital back up again
The idea that debt is good is unfortunately a myth that is very prevalent in our society planted in our brains by clever marketing people who want to sell us stuff even if we don't have the money to buy it right now...
There are in fact several benefits to NOT having debt:
1. If you don't have a massive car payment and a massive house payment it is very EASY to build up capital.
2. Debt is the PRODUCT that banks sell and I don't like supporting banks.
3. Less stress, because you don't need to make those massive payments every bloody month.
4. You can retire earlier if you don't have a house and/or car payments. Invested capital gives 4% (trinity studies), but house (-10%) and car loans (-13%).
5. You need a smaller emergency fund, so less money needed in cash where it is not earning much.
6. You will tend to spend less if you buy cash. Spending cash hurts. This is why most beemers are bought with loans...
7. If you buy cash you can negotiate a better price than with a loan.
8. Less homework. Car loan statements and doing the payments is not fun.
42
Off topic / Re: How can i build credit in SA with foreign income? Ideas??
« on: December 07, 2016, 02:22:03 pm »
Do you have a South African residential address? If not you will not be able to FICA.
In my view debt is dumb and should not be messed with. When you say you want to "build your credit", what I hear is you want to "build your lung cancer" or "build your cocaine habit". Stay away from debt, seriously, it is financial cancer.
In my view debt is dumb and should not be messed with. When you say you want to "build your credit", what I hear is you want to "build your lung cancer" or "build your cocaine habit". Stay away from debt, seriously, it is financial cancer.
43
Shares / Re: Good time to take R out to $ ?
« on: December 06, 2016, 02:19:05 pm »
It is impossible to time the market.
44
Shares / Re: RMB MidCap ETF
« on: November 21, 2016, 04:33:22 pm »One thing to note, as Simon from Just One Lap realised in one of his podcasts a few months ago, when one of the big Top40 companies start going down and continue its fall into the MidCap index, it drags the whole index down because the smaller companies that make up the MidCap index are too small to negate the negative impact of a larger, previously Top40 company going to hell.
True, but even with the odd company crashing and burning, mid and small cap indexes still outperform large cap in the long term (with more risk of course).
45
Shares / Re: RMB MidCap ETF
« on: November 18, 2016, 09:10:59 am »Have to add a downside to this ETF. As the value is so low, +-R5.60, the 7c spread means you pay a 3.5c premium per share. That's a percentage of 0.625%. Quite high if you compare it to the satrix indi which has a 12c spread ie. premium of 6c for a R50 share. That works out to 0.12%, significantly lower.
The dividend of the midcap seems to make up for that though, it's sitting at about 2.4% compared to 1.4% for the indi.
Food for thought.
The spread for this (ASHMID) is sitting at 60c this morning with a last traded price of 743, that's a 8% spread.
