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Shares / Re: My retirement blog.
« on: January 12, 2016, 01:58:15 pm »
The thing is that I do not know the markets here and feel safer with what I do know. I have been trading/investing on the JSE for many years.
The Euro has lost value as well as all the markets here but not quite as badly as SA due to the Nenegate attenuation. Investors have short memories and this saga will soon be forgotten.
My rental contract expires in July and I do not intend to renew it as this apartment is too big for the 2 of us and a bit far from the city center.
Our rent here is €375 pm fully furnished but this is an upmarket complex and we would prefer a smaller normal apartment in a more vibrant area like the old city center. Fully furnished 2 bed apartments go for €100 less.
We live quite comfortably on under R10k pm since finding where all the farmers markets are. This means selling shares every 3 months.
After about a year, I was still up by +-R400k but now down by the same amount so will have to make adjustments soon if the markets keep misbehaving. If need be, I can cut it down to R7k pm or less if I cut out my nightly tipple as well or move inland to much cheaper accommodation. But, I will regard that as punishment.
The Euro has lost value as well as all the markets here but not quite as badly as SA due to the Nenegate attenuation. Investors have short memories and this saga will soon be forgotten.
My rental contract expires in July and I do not intend to renew it as this apartment is too big for the 2 of us and a bit far from the city center.
Our rent here is €375 pm fully furnished but this is an upmarket complex and we would prefer a smaller normal apartment in a more vibrant area like the old city center. Fully furnished 2 bed apartments go for €100 less.
We live quite comfortably on under R10k pm since finding where all the farmers markets are. This means selling shares every 3 months.
After about a year, I was still up by +-R400k but now down by the same amount so will have to make adjustments soon if the markets keep misbehaving. If need be, I can cut it down to R7k pm or less if I cut out my nightly tipple as well or move inland to much cheaper accommodation. But, I will regard that as punishment.