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Cool quote! The Swedes are apparently big savers. 100% of people take part in the state retirement fund, and three quarters of the people alo invest in a private fund.

Yes, I'll have to reverse the cash you received. Thanks for the heads up.

Quote from: Patrick on September 02, 2015, 05:24:26 pm

Being particularly useless at timing the markets I just buy when the money hits my account. Fortunately research seems to favour that over waiting or dollar cost averaging, with you coming ahead in about two third of the cases by buying asap if memory serves me right.

Hi Patrick does that mean you usually follow Dollar-Cost Averaging method of buying shares?

Only by the fact that I have a salary, so money comes in monthly and I buy monthly. When I have lump sums I don't, like when I sold my house and got the payout I immediately invested everything. Sadly this was around May and the markets were at an all time high!

Being particularly useless at timing the markets I just buy when the money hits my account. Fortunately research seems to favour that over waiting or dollar cost averaging, with you coming ahead in about two third of the cases by buying asap if memory serves me right.

Apart from the 55% of my salary I already save I save another I save another 10% just for medical emergencies and unseen future costs. It my rainy day savings. And as soon as I use a red cent out of that money it gets replaced immediately. When you wrote this point it was like looking into a mirror.

So gotta say thanx for making that post. Been having a rough couple of months and reading your post made me realise I could maybe one retire early and go live in Portugal like Orca. That is something that never even crossed my mind as I did not consider that a possibility. Sure lifted my spirits reading your post and realising it is doable. 

If you're saving 55% of your salary (well done btw, very impressive) you'll only need to work for 14.9 years! If you included the emergency savings to take it to 65%, it would only take you 10.9 years to get there. How old are you now?

Portugal has a lot going for it, Orca did his research well. Good climate, low living costs, very favourable tax if you retire there, and if Orca is to be believed, very good looking women too.

Nice storming up the leaderboard BTW.

Yes, you are probably affected by the bug on the 21st. Do you remember what you bought KIO for around that date?

BTW to anyone else following this thread. Still open to other ideas as to what you would do with R10,000 a month.

I'd find out if there's a tax advantaged account where you are similar to an RA. If you're paying 30% tax, putting the money into something like a RA or 401k etc would give you those returns straight away. If you're in the states or UK you should be able to go with a Vanguard fund, which has some of the lowest fees around. I wish they'd open up an office locally, but I don't think there's much chance of that.

If you don't have access to any of those and do want the money in SA then I'd do a split between DIVTRX and STXIND personally. One of the reasons I still like the indi is that it's a great rand hedge: http://www.biznews.com/etfs/2014/10/09/best-satrix-options-youre-wanting-profit-rand-weakness/

The index the DIVTRX follows has had an outstanding 5 year period, and at the current prices, the dividend yield is pretty attractive too if you like income. I already own a chunk of both, more indi than DIVTRX, so currently I buy the DIVTRX every month just after payday.