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Messages - Patrick

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7096

Off topic / Re: New Member Alert

« on: June 18, 2015, 09:45:14 am »

Welcome ocali. A lot of the common questions have been answered in the blog. Some of the links are on the top of this page: http://investorchallenge.co.za/

If you don't have anything invested yet, a good place to start is probably in investing in things which save you tax. take a look here: http://investorchallenge.co.za/lets-all-be-guilty-of-tax-avoidance/

It's all about retirement annuities and the new tax free savings accounts. You'll struggle to beat those two with normal investing, especially as you're new. My advice would be to steer well clear of buying any individual shares as a new investor. Actually I normally recommend even seasoned investors steer clear of it, and have some of that information in the blog too.

7097

Shares / Re: CML

« on: June 17, 2015, 12:47:05 pm »

Quote from: Orca on June 10, 2015, 11:27:45 am

I doubt it will drop below 8000 as too much support at that level. She remains a good long term stock to hold onto just for the great dividend. So watching the price is not that important.
I could live comfortably for some months just on the dividend.

Would you buy more for the dividend if you had some spare cash though?

7098

Off topic / Live chat

« on: June 17, 2015, 08:38:08 am »

I hope that's better than windows 8.1

7099

Shares / Re: Thoughts about a bankrupt Greece - possible consequences.

« on: June 16, 2015, 04:47:56 pm »

Quote from: gcr on June 16, 2015, 03:57:28 pm

Found an interesting site
http://countrymeters.info/en/Greece - you can change to a selection of countries and it deals with population stats
Greece is actually quite a small country in terms of population
Interesting read this site

Might be off topic here, interesting site, but even more interesting to me is that it shows South Africa's population as decreasing? And apparently has decreased since 2014. I never would have guessed, but according to the figures it's due to the net migration of 147 000 plus people. Yikes! I wonder if this count illegals coming in to SA. I'm guessing not.

7100

Off topic / Live chat

« on: June 16, 2015, 07:13:17 am »

Seems we just dropped another 2 points and crossed the line to "Extreme Fear"

7101

Off topic / Live chat

« on: June 15, 2015, 08:05:43 pm »

I have a feeling it'll be edging even more fearful in the next few days

7102

Shares / Re: Is buying a house in South Africa a good long term investment?

« on: June 15, 2015, 12:30:15 pm »

Quote from: Mr_Dividend on June 15, 2015, 11:06:06 am

It generally is a good investment because:

1) It forces people that do not want to save, to save.
2) It's so hard to get in and out of, it usually is a very long term investment.

Yes, actually I have to agree with that. Most people won't save unless their is a gun or a lawyer pointed at their head. But as Mr Div says, there are far better places to save.

7103

Shares / Re: Is buying a house in South Africa a good long term investment?

« on: June 15, 2015, 09:33:37 am »

The most popular article on the blog is this one: http://investorchallenge.co.za/the-last-house-ill-ever-own/

The next most popular article on the blog is this one: http://investorchallenge.co.za/whites-cant-own-land-in-zimbabwe-excellent/

As you might be able to tell from those two, I don't think property is an investment

7104

Shares / Re: I-Trade 2015

« on: June 13, 2015, 01:02:07 pm »

Quote from: Moneypenny on June 13, 2015, 12:07:30 pm

Quote from: Mr_Dividend on June 12, 2015, 01:26:02 pm

Also no leader board...maybe they need to outsource it to Patrick® PTY Ltd ?

Was thinking the same thing.