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Did you get scammed by them? send Facebook and hello Peter are full of complaints.
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The Investor Challenge / Re: Blog post: Should you be dollar cost averaging?
« on: March 09, 2016, 08:42:06 pm »So someone posted a link to smart dollar cost averaging on MMM. http://www.bnn.ca/News/2016/2/1/Larry-Berman-Smart-dollar-cost-averaging-.aspx
I know people say don't time the market, but...
Interesting, it sounds almost too easy, just buy on days when the market is down. But what would have happened if instead of dollar cost averaging they put their whole annual contribution in at the beginning of the year? Would smart DCA beat lump sum?
Ideally they would run all three options over every rolling 10 year period for all the months since 1926. I have a feeling the lump sum would still win on average, the smart dollar cost averaging would come second and dollar cost averaging third.
Anyone have a few months free to run the numbers
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Off topic / Re: Live chat
« on: March 09, 2016, 11:48:08 am »
Moody's on way to SA for thorough review http://www.fin24.com/Economy/moodys-on-way-to-sa-for-thorough-review-20160309
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Shares / Re: problems investing on your own
« on: March 08, 2016, 04:01:16 pm »Deciding when to move money out of SA (if at all ever?).
Why would you want to leave South Africa, it is one of the best places on the planet:
Rated on purchasing power, safety, climate, health care, traffic, property prices and pollution Cape Town is:
I also quite like it here, but I'd like to travel too. Regardless of that though, I do think at least some of my money should leave at some point, but hopefully at a far better rate than we're seeing at the moment.
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Shares / Re: problems investing on your own
« on: March 08, 2016, 02:27:14 pm »
Deciding when to move money out of SA (if at all ever?).
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Shares / Re: CoreShares Dividend Aristocrats ETF/S&P SA Dividends Aristocrat
« on: March 07, 2016, 10:20:04 pm »
Year to date DIVTRX vs DBXWD vs STXIND:
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Shares / Re: Any forex traders here?
« on: March 07, 2016, 10:26:07 am »what the objective Patrick? To trade or to just to have hard currency? Do you need to access overseas? Does leverage bother you?It's all part of the research into a cost effective way to get money out of SA should I want to do that at some stage, and I mean out out, not just in a different currency.
...
payoneer.com - might be worth looking at
I'm looking into payoneer, but still need to see what their costs look like. I really wish TransferWise would open up in SA. They facilitate peer to peer transfers, so in effect your money doesn't cross borders, and actually isn't converted at all, it's just given to someone who wanted your currency for theirs. It's very cheap, but at the moment only transfers to rand, and not from it.
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Shares / Any forex traders here?
« on: March 07, 2016, 09:07:32 am »
I'd love to hear from you. I'm not particularly keen to get into trading, but I'm thinking it might be a cost effective way to convert ZAR to USD.
After a bunch of research I've found that I can exchange most major currencies with my interactive brokers brokerage account, for instance I can convert USD to GBP or EUR to USD for 0.01% commission. They allow me to convert to and from ZAR very cheaply too, but don't have a local account so I can't deposit ZAR unfortunately.
After a bunch of research I've found that I can exchange most major currencies with my interactive brokers brokerage account, for instance I can convert USD to GBP or EUR to USD for 0.01% commission. They allow me to convert to and from ZAR very cheaply too, but don't have a local account so I can't deposit ZAR unfortunately.