2131
The Investor Challenge / Re: Added Satrix INDI to the leaderboard
« on: July 14, 2013, 07:36:13 pm »
So what you are saying is that Patrick's STXIND as shown on the competition is without divi reinvested?
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2132
Shares / Re: Long term investments
« on: July 14, 2013, 04:59:37 pm »
Here is a 3 year chart of EOH and OMN compared to the Indi. It is quite clear which will perform the best over the next 4 to 6 months. (my time frame).
Also, it can be seen why I would add OMN to Indi after I'm done with active investing. That extra 10 to 15% boost.
Also, it can be seen why I would add OMN to Indi after I'm done with active investing. That extra 10 to 15% boost.
2133
Shares / Re: Long term investments
« on: July 13, 2013, 06:59:25 pm »
Been checking for a replacement for my CML today again. EOH seems like it according to the charts. Now must still check sector PE and fundamentals.
OMN and OCE are good but 3 to 5 year chart shows that they are stuck in an upward trend much lower than EOH. OCE will get a boost upwards due to their recent acquisition and overtake OMN with the next results.
I only invest in past performance trend/momentum stocks so when I eventually retire, I will only have STXIND in my portfolio and will add some OMN for that extra gain.
OMN and OCE are good but 3 to 5 year chart shows that they are stuck in an upward trend much lower than EOH. OCE will get a boost upwards due to their recent acquisition and overtake OMN with the next results.
I only invest in past performance trend/momentum stocks so when I eventually retire, I will only have STXIND in my portfolio and will add some OMN for that extra gain.
2134
Shares / Re: Reaching financial freedom
« on: July 12, 2013, 08:06:09 pm »
Correct. No car in Portugal as I can't drive on the wrong side. All I need is my Fishing Rod as I will be living in the Old Town Center where the markets are. If there are no fish caught , no prob. On the way back home I will just buy fish from the market and some Port Wine and I'm good.
2135
Shares / Re: Gold & Gold Shares
« on: July 12, 2013, 07:43:30 pm »
So Yozzi. I feel for you as I went through the same. Lost R150K on my FX gold and R350k on the JSE in 2009. Got it back though with staying out of miners. Scored 3 fold since.
Consensus is SELL and put your money stocks that go UP.
Consensus is SELL and put your money stocks that go UP.
2136
Shares / Re: Gold & Gold Shares
« on: July 12, 2013, 05:44:42 pm »
Yo Yo Yozzie. Why wait so long to ask. Invested R539K and have R161K left. That is a 70% loss. 
We could have worked out an exit and regain strategy for you. A bit late now but as I said, Coronation is expecting an upturn and they can't afford to be wrong as they do Pension Funds and Medical Aid Funds.
So you either hold out or cut your losses and invest in stocks that have made good acquisitions recently. Cutting losses will take you 2 to 3 years to get it all back.
We could have worked out an exit and regain strategy for you. A bit late now but as I said, Coronation is expecting an upturn and they can't afford to be wrong as they do Pension Funds and Medical Aid Funds. So you either hold out or cut your losses and invest in stocks that have made good acquisitions recently. Cutting losses will take you 2 to 3 years to get it all back.
2137
Shares / Re: Gold & Gold Shares
« on: July 12, 2013, 04:04:11 pm »
I did post a chart just above here today. Have a look at it. A turning point perhaps.
2138
Shares / Re: Gold & Gold Shares
« on: July 12, 2013, 09:57:08 am »
I can see why Coronation acquired 5% of AGL.
2139
Shares / Re: Reaching financial freedom
« on: July 12, 2013, 09:31:02 am »
I have financial freedom. My car is a 2005 model and paid for. Why buy a new one when the old one is still good? Only 71k on the clock so good for another 7 years.
Don't have to think about what to wear as I only have 2 pairs of jeans, 4 shirts and 1 pair of takkies.
Our neighbour has 2 cars, a high maintenance wife and all the bling you can think of but is he happy? No. Nothing is paid for.
I'm happy as I have no debt and even lend my neighbours a couple blue notes every month.
Don't have to think about what to wear as I only have 2 pairs of jeans, 4 shirts and 1 pair of takkies.
Our neighbour has 2 cars, a high maintenance wife and all the bling you can think of but is he happy? No. Nothing is paid for.
I'm happy as I have no debt and even lend my neighbours a couple blue notes every month.
2140
Shares / Re: Reaching financial freedom
« on: July 11, 2013, 07:13:29 pm »
From a high paying job with a string of credit cards and Fashion house cards I went from big bragger to nothing in a flash. Bought a butchery and lost all my Provident Funds and cash within 3 months. The butchery went bang.
I then cut up my cards and paid off my dues. That was 16 years ago. Now I have no cards and owe nobody nothing and will keep it that way.
This has rubbed off on my kids over the years and they only buy with cash.
I then cut up my cards and paid off my dues. That was 16 years ago. Now I have no cards and owe nobody nothing and will keep it that way.
This has rubbed off on my kids over the years and they only buy with cash.
2142
Shares / Re: Reaching financial freedom
« on: July 11, 2013, 05:37:47 pm »
You are correct gcr but only for "your" lifestyle. It differs from person to person. I personally have friends that recently retired with Provident Funds of R1.2 and R1.5M (no pensions) and with their homes paid off, they still live in comfort after 2 to 3 years. Not sure about their long term "comforts" though as they know nothing about investing.
I have been living off R12 to R15 000 pm after tax and lack for nothing. I don't even want to buy a house. I rent a fully furnished flat with good sea views and enjoy free fishing and free sightseeing and once a week an eat out. No smoking. Lots of beer though.
Now, my aim is R2.5M that I hope to achieve this year and switch to Indi. Of the 35% ave gains, I will only use 6% pa. That will give me a good leeway for a 50% correction.
I have been living off R12 to R15 000 pm after tax and lack for nothing. I don't even want to buy a house. I rent a fully furnished flat with good sea views and enjoy free fishing and free sightseeing and once a week an eat out. No smoking. Lots of beer though.
Now, my aim is R2.5M that I hope to achieve this year and switch to Indi. Of the 35% ave gains, I will only use 6% pa. That will give me a good leeway for a 50% correction.
2143
Shares / Re: Long term investments
« on: July 11, 2013, 04:02:13 pm »
jaDEB's on tablets again. Perhaps go for Cipla now. 
Been checking out OMN all morning. Looks like a great Co with good continuous earnings. Had my trigger finger ready to sell half my CML but even though it is at all time highs, buyers are still scrambling in with good volumes. It should go down with the market tomorrow so I'll see next week.
Been checking out OMN all morning. Looks like a great Co with good continuous earnings. Had my trigger finger ready to sell half my CML but even though it is at all time highs, buyers are still scrambling in with good volumes. It should go down with the market tomorrow so I'll see next week.
2144
Shares / Re: Long term investments
« on: July 11, 2013, 11:48:06 am »
I will eventually switch to the Indi but I need to make my target first. At this rate it should be November if all goes well. Then I can sit back and relax without worrying about money and stocks. A correction of 50% would not affect my standard of living. Been playing with Patrick's calculator.
2145
The Investor Challenge / Re: investor challenge
« on: July 10, 2013, 05:45:03 pm »was not meant to be other just thought elicit some serious reaction, so the thread could get some life.No prob tgg, as long as you keep posting.
But was not to be , how about we have a chat here and also get to know each other
I usually have my share chat on the wd forum as I have got to sort of know a few guys there. Never anything serious though
I only trolled you to keep it going. After all, it was me that said " come on guys. Post even if you diss people, brag or ask questions". And here goes:Hey Patrick. Was smelling your farts for a few days so now you can smell mine again.
You see. He's not even cross with me.