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Hi Guys

Its interesting reading this thread especially for a novice investor. Its great to get input from people with more experience than me. I, like delusions, have learned from people on these types of forums. Ive still got a long way to go but the input and discussion has been hugely valuable. Thanks!

On that note...there is a lot of positive intrest in OMN. Why do you guys like it so much? What is it about the company that you believe will deliver a stellar performance going forward, considering it has already run quite a bit this year?

No Mich. It is only me that likes OMN. It has not only run quite a bit this year, It has run quite a bit for many years. So what will stop it for running many more years? Not all stocks are cyclical. The PE keeps dropping back to normal after results reports. Some will say that it will peak but it is not in that category. You just have to follow the the stock and read it's SENS.
Just answer this. Would you invest in a stock that has a chart looking like a dogs back leg or a smooth uptrending, non volatile, long term trending chart?
I would go for time/trend momentum stocks rather than cyclical stocks. That is just me and my method. You do what you think is good for you and decide on your own method. Please do not follow mine. You might just loose your money.

My broker co. holds all funds in " trading accounts " whether held as long term investments or short term trading.
It is better to separate the 2 into different accounts because at year end they send a holdings analysis for tax purposes for each account. Had you not separated the 2, you would have some difficulty separating it yourself to work out the tax.
Much easier to toss the long term Holding Analysis aside as there will be no tax and work with the other trading account.

Leave PNC out then. The ZAR depreciation worries me a bit.

In Patrick's blog. Called SafeMax.
http://www.investorchallenge.co.za/the-only-way-to-get-rich/#more-158

To put my money where my mouth is. Just bought OMN at 20900.

To get real now. SARS will not allow those deductions. Yesterday I filed my tax and the red flag came up because I deducted R2K for internet costs. Never even deducted the R230 for the space I use in my rental property.
I have to pay in but the website says that I must wait for manual intervention before I pay.
Does your wife REALLY assist you? Does the maid bringing you coffee REALLY constitute "trading activity"? Does the gardener improve your performance?
 

Halve the Indi and add to OMN. There is no stopping these 2 for conservative, steady growth. The Indi for 30% growth and OMN for 70%.
Keep the other 2 at 10% each and you have a portfolio of 2 good steady growth stocks with 2 for alpha.
I don't like giving advice but you are still young so it is a start for you to learn your own stock picking methods. No doubt I will get flack by some members. After all, I'm not near winning the competition.

Delusion. I don't know how old you are. If you have 15 to 20 years left to retirement then cut out the Indi or halve it.

I went on early retirement last week and have no Indi in my portfolio as of yet. This is only due to the fact that I have not reached my 4% thing yet. So while I'm in good mental health, I will go for that 4%. Once that is reached or I start acting funny, I will sell all and buy into the Indi and perhaps some OML for alpha. Like in 70%/30%.