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Messages - Nios

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121
Shares / Re: Reaching financial freedom
« on: August 13, 2013, 05:33:29 pm »
I really enjoyed reading this thread.

I found this on another forum https://soundcloud.com/primediabroad...g/julia-saving thought it'd be interesting here.

Truly inspiring, and true show of somebody who has their head screwed on right.

I like the section Patrick mentions about percentage savings required for x number of years working time. Really makes one wonder.

122
Shares / Re: Two Million Rand investment
« on: August 13, 2013, 05:08:20 pm »
Perhaps my thought process isn't sound enough yet as I'm still learning. For me it would be Satrix Indi or an equivalent. Perhaps CML.

However, based on what GCR and AVM has said, would tend to agree. My learning's have been to stick to tracker funds/etfs for the long term but still be nimble enough to make a judgment call on the direction of the specific industries as (s)he says. I'm guessing if you're buying a FINI type fund/etf now, you're buying on the cheap with the hope of it moving up when rates start hiking again. More units purchased for the Rand now as opposed to when they're more expensive. Yet, a STX FINI hasn't seen the type of growth the INDI has. But who knows how long you'd need to be in for before prices start rising.

If I had 2mil now or a few months back I'd be all in for a INDI as the basket of companies it holds are providing services for the general populations basic needs. Surely you can't go wrong with that?

123
Shares / Re: Help the newbies
« on: August 12, 2013, 09:55:40 pm »
Sorry Orca not with you could you elaborate please?

124
Shares / Re: Help the newbies
« on: August 12, 2013, 05:49:11 pm »
Bigcharts is great! Thanks it's a nice free resource. Does anyone have another resource available for historical share prices that could be exported to Excel? That is without having to pay for it like all the SA sites. So many foreign sights provide this free of charge, ADVFN.com is one of them, yet SA you gotta pay for everything.

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