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what's your strategy 
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The Investor Challenge / Re: Blog: Your car doesn't cost you R5800pm it costs you a million dollars you fool
« on: August 08, 2014, 03:04:55 pm »
Brilliant article Patrick and very well written.
Reminds me of Julia's story. Cars are one of the biggest culprits for most of society causing them to end up in the poorhouse.
Don't you love how folks justify and convince themselves that it's only a little bit extra, when in reality after renting that car for a few months it's brought them no further happiness than the last one.
Someone once told me if you can't pay cash for that car you want, don't buy it.
Reminds me of Julia's story. Cars are one of the biggest culprits for most of society causing them to end up in the poorhouse.
Don't you love how folks justify and convince themselves that it's only a little bit extra, when in reality after renting that car for a few months it's brought them no further happiness than the last one.
Someone once told me if you can't pay cash for that car you want, don't buy it.
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Shares / Re: High yielding dividend income strategy questions
« on: August 06, 2014, 09:31:44 pm »
Well let's say you have the means to purchase that kind of volume...how would it work?
I know nothing of derivatives
I know nothing of derivatives
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Shares / Re: High yielding dividend income strategy questions
« on: August 06, 2014, 05:30:22 pm »
Anyone?
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Shares / Re: High yielding dividend income strategy questions
« on: August 04, 2014, 08:39:17 pm »
Thanks Moneypenny.
Is there a tried and tested way to do this profitably?
The fact that the share price drops by the same value as the dividend the next day or Monday will make the trade a loss after deducting transaction costs, negating the strategy.
I may remember reading something about writing a covered call or put option when purchasing the stock to get you into profit after the dividend had been paid and stocks sold off. This sounds very technical and would love to learn more about it.
Is there a tried and tested way to do this profitably?
The fact that the share price drops by the same value as the dividend the next day or Monday will make the trade a loss after deducting transaction costs, negating the strategy.
I may remember reading something about writing a covered call or put option when purchasing the stock to get you into profit after the dividend had been paid and stocks sold off. This sounds very technical and would love to learn more about it.
41
Shares / High yielding dividend income strategy questions
« on: August 04, 2014, 06:38:21 pm »
Read a book from the UK once upon a time about this but can't for the life of me remember the title.
Idea is to grow your portfolio from dividend payouts by buying high quality high yielding dividend stocks and then selling the shares after the dividend payout. Obviously volumes need to be large enough to cover buy and sell transactions fee's.
The assumption is that the high quality stocks are not very volatile to safe guard against massive price fluctuation upon entry and exit.
1. When is the latest you can purchase a stock as close to the dividend payout date?
2. Is there a rule as to how long you need to own the stock for after the dividend payout?
3. Anything else one should take note of with a strategy like this?
Idea is to grow your portfolio from dividend payouts by buying high quality high yielding dividend stocks and then selling the shares after the dividend payout. Obviously volumes need to be large enough to cover buy and sell transactions fee's.
The assumption is that the high quality stocks are not very volatile to safe guard against massive price fluctuation upon entry and exit.
1. When is the latest you can purchase a stock as close to the dividend payout date?
2. Is there a rule as to how long you need to own the stock for after the dividend payout?
3. Anything else one should take note of with a strategy like this?
42
Shares / Re: Shares vs compound interest
« on: August 04, 2014, 06:01:19 pm »
Yes. And apparently according to Simon Brown you can move your Satrix portfolio to a broker just before the Satrix annual fee is due and then move it back afterwards.
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Shares / Re: More Advice and Direction
« on: July 17, 2014, 08:11:55 pm »
Both very valid points. But I would pay it off if you were an extremely disciplined person. saves you 30k in interest to put towards your investments.
How long did it take you to save that 70k?
How long did it take you to save that 70k?
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The Investor Challenge / Re: Need some calculation help
« on: June 16, 2014, 09:54:07 pm »
+1 for my omnmta account