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Messages - Patrick

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5956
Off topic / Live chat
« on: June 30, 2016, 02:21:41 pm »
The likely candidate to replace Cameron now is Theresa May, who was in the stay camp.

5957
Off topic / Live chat
« on: June 30, 2016, 01:01:59 pm »
And SARS is taking their time approving my offshore investment allowance...

5958
Shares / Re: Illovo Sugar
« on: June 29, 2016, 12:08:34 pm »
Hi Tom. I don't think we've had a sale of a company yet, but we have had delistings due to companies going under as in 1time or African Bank.

In the challenge we normally don't do anything in this case. The value of the stock just doesn't update anymore. You could sell it and put the money somewhere else, but there won't be any automatic option.

I'm not sure what a real brokerage does, but I'm sure someone will post something.

5959
Off topic / Live chat
« on: June 29, 2016, 11:44:51 am »
I won't switch from Interactive, I believe returns are directly proportional to the inverse of costs, and of all the brokers available, for the amounts I invest, interactive brokers can't be beat on costs.

5960
Off topic / Live chat
« on: June 29, 2016, 11:22:21 am »
I was under that impression too, but he uses TD Ameritrade. He doesn't like the custody fee on their own platform either, but Saxo makes the rules, so he can't change it.

5961
Off topic / Live chat
« on: June 29, 2016, 10:49:20 am »
not sable semen either :)

5962
Off topic / Live chat
« on: June 29, 2016, 10:46:44 am »
Not standard bank, a couple more tries?

5963
Off topic / Live chat
« on: June 29, 2016, 10:20:14 am »
So last night I went to an ABSA stockbrokers event and had a chat to the head of absa stockbrokers afterwards. Anyone want to guess which broker he uses for his offshore investing?

5964
Off topic / Live chat
« on: June 28, 2016, 04:17:03 pm »
I think I'll go all in, as you said, I'm up on the exchange around 3%, and sidestepped a big drop in the markets. My rule is to do my best to ignore my fear and greed and to go all in when the money hits.

5965
Off topic / Live chat
« on: June 28, 2016, 02:58:02 pm »
That's a serious yield! My money hit my US brokerage, but for some reason it still takes 4 days to clear there. Will only be available on 1 July, I hope the bargains remain.

5966
Off topic / Live chat
« on: June 28, 2016, 11:13:02 am »
How are the traders finding this volatility?

5967
Off topic / Live chat
« on: June 27, 2016, 02:17:17 pm »
I'm actually not terribly upset by the stock market going down, it's happening globally. What really gets to me is how the rand has pretty much been the second worst currency after the pound post brexit.

5968
Off topic / Live chat
« on: June 27, 2016, 02:06:46 pm »
I've looked, and you have plenty of reasons to be afraid. The only small silver lining I have is that I have 15% in USD cash at the moment. Wish it was more but SARS took too long.

5969
Off topic / Live chat
« on: June 27, 2016, 07:45:09 am »
Haha just caught that now Moneypenny. Common problem for boys in high school swimming class :p

5970
Off topic / Live chat
« on: June 26, 2016, 09:19:14 pm »
I'm not British, but this article his home: http://www.newstatesman.com/politics/uk/2016/06/i-want-my-country-back

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