6631
BLU 31.00 cents - LDT: 4 Sep 2015
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Ok details of what went on here: http://shareforum.co.za/the-investor-challenge/lost-some-purchase-records/
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The Investor Challenge / Lost some purchase records
« on: August 21, 2015, 03:01:28 pm »
Hi all,
For some weird reason, the entire purchasing table was wiped out today. This is quite weird, as nowhere in my code is there ever a delete statement referencing that table, so I can only assume it was a bug. I've managed to run a backup from two days ago, but I have lost 69 purchase records. I'll be spending some time thinking of how to get these back.
Potentially I could compare the purchase list with the current holding list and find any anomalies as the current holding table was not affected. Then I'd have to see if the current net worth doesn't add up and reconcile that to get the price.
Bear with me, it's not going to be easy or fun!
For some weird reason, the entire purchasing table was wiped out today. This is quite weird, as nowhere in my code is there ever a delete statement referencing that table, so I can only assume it was a bug. I've managed to run a backup from two days ago, but I have lost 69 purchase records. I'll be spending some time thinking of how to get these back.
Potentially I could compare the purchase list with the current holding list and find any anomalies as the current holding table was not affected. Then I'd have to see if the current net worth doesn't add up and reconcile that to get the price.
Bear with me, it's not going to be easy or fun!
6641
The Investor Challenge / Re: Blog post: The Compounding Story of the Doctor and the Model
« on: August 20, 2015, 04:03:36 pm »Great post - lots of time/ little money vs lots of money/little time. One up for us middle age folksSame here, spent 4 years saving and not investing, then another 5 investing badly in property. I could kick myself as I should have been WAY past my FI goal by now
People also need to understand there is a MASSIVE difference between saving and investing - most confuse the two. I was always an excellent saver, if I had just invested half of what I saved I would be have had quite a bit more now.
Thanks very much for this story. I may just use it as a Toastmasters speech. It's really awesome illustration of the power of compound interest.Excellent, I'd love to hear how the people listening take it.
Thanks Patrick for an insightful article. I did a similar exercise (I'm not very good with working out interest in Excel) and played around with the figures a bit. What I find is that the difference is way different if the interest rate is changed. The doctor will have more money than the model if the interest rate is 9 or below if my calcs are right. Can you apply this to your example and confirm if my calcs are right.Your calculations are right, the lower the interest rate, the greater the effect of continuing contributions. Wouldn't make a great example of compound interest though, so I'll stick with the 12% example! Just FYI, to be safe rather be a model and THEN a model manager
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AFAIK, there's no need to have DSTV. Just pay your R99 and have a 4MB internet connection and you're good to go. No idea on the others: http://mybroadband.co.za/news/broadband/135730-showmax-broadband-requirements-pricing-and-supported-devices.html
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Off topic / Re: Go global young man.. hmmpf
« on: August 19, 2015, 03:50:00 pm »
Does that take into account the devaluation of the rand?
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Shares / Re: Easy Equities, any opinions?
« on: August 18, 2015, 08:28:52 am »Missing ETFs from your list, Patrick, are as follows:
Stanlib Swix40 ETF
Stanlib Top40 ETF
RMB Inflation ETF
RMB Top 40 ETF
Thanks, I'll email ABSA and see what's up. The RMB top 40 is the cheapest top 40 fund in SA.