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Messages - Patrick

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7996
The Investor Challenge / Blog post: The only way to get rich.
« on: September 16, 2013, 05:56:11 pm »
Comments relating to the new blog post "The only way to get rich.".

Yes I know it's not showing yet. I'm still editing, but I needed the link here  O:-)

Edit: Ok it's live now - http://www.investorchallenge.co.za/the-only-way-to-get-rich/

7997
Off topic / Re: Is the Indian economy collapsing ?
« on: September 16, 2013, 12:05:21 pm »
I thought all gold buying was silly gold buying. Maybe that's why I'm still single  :D

7998
Shares / Re: Tax
« on: September 16, 2013, 10:49:39 am »
I have another weird tax question.

Let's say you have no other income besides dividends, obviously you pay dividends withholding tax before the money gets into your account, but come tax season, will you be entitled to the primary rebate on some of those dividends?

7999
Shares / Re: RMB MidCap ETF
« on: September 13, 2013, 10:39:20 am »
Have to add a downside to this ETF. As the value is so low, +-R5.60, the 7c spread means you pay a 3.5c premium per share. That's a percentage of 0.625%. Quite high if you compare it to the satrix indi which has a 12c spread ie. premium of 6c for a R50 share. That works out to 0.12%, significantly lower.

The dividend of the midcap seems to make up for that though, it's sitting at about 2.4% compared to 1.4% for the indi.

Food for thought.

8000
Off topic / Isn't it great when you exceed your goals
« on: September 13, 2013, 10:30:15 am »
Wasn't sure where to put this, but the markets been pretty good the last little while. So good in fact that I've made my year end goal with four months to spare! This is a big step for me, but I'll save the details for a blog post later this year :)

Couple of other things worked in my favour. One of my other assets paid out a little more than expected, and my monthly costs were a little lower than anticipated, but yeah all these small things seem to add up.  :)

Anyway, hope I don't sound like I'm gloating, and of course I realise that things can change very quickly in the market. I don't actually check the numbers too often but when I logged in today, I was quite pleasantly surprised with the numbers I saw. Makes me feel that all this investing is actually quite a good idea  ;D

8001
Shares / Re: RMB MidCap ETF
« on: September 12, 2013, 05:45:36 pm »
I've added the midcap to the competition. It seems to have been lagging the top40 and the indi by a long way over the past 6 months, all time it beats it as you can see above, and also in many year to year comparisons.. Interestingly if there was a small cap etf (there isn't locally) it would be by far the best. Here's a graph of the small cap index compared to the indi. Much more volatile though obviously.

8002
Shares / RMBMID
« on: September 12, 2013, 05:11:20 pm »
RMBMID 3.53 cents - LDT: 2013-06-21

8003
The Investor Challenge / Re: investor challenge
« on: September 12, 2013, 09:04:05 am »
Next year all ETFs will be on the leaderboard. I'll automate it. If I can find price history going back to April I'll add the midcap index, but so far I've only found 3 months worth of daily closes.

8004
Shares / Re: CML
« on: September 11, 2013, 10:46:57 am »
Quote from: yozzi on September 11, 2013, 09:53:08 am
I'm in between two threads here - CML & STX INDI - my plan was to invest a hefty sum in the INDI but I think it was Orca who said there could be a correction in the near term so where do you see CML going? Will it hit the R90+ that you guys were saying a few months ago or has it run it's race?

I was thinking of a short term investment in CML and hopefully get into the INDI later or are there any other options that you think would be worth looking at?

Remember the indi will only correct if the majority of the 25 companies which make it up correct too. It'll pretty much only happen if the market corrects.

Just FYI, this month I'll be buying the midcap index: http://www.shareforum.co.za/shares/rmb-midcap-etf/

8005
Shares / Re: RMB MidCap ETF
« on: September 10, 2013, 09:26:30 am »
Quote from: Orca on September 09, 2013, 05:46:46 pm
Charts look good for 50/50 mix of the 2. I would not go for RMBMIDCAP though as it only had 8 trades today. I would go through that list checking charts and fundamentals then choose the best 10. I'm sure that way you will beat both the STXIND and RMB mid caps.

Also good reading http://www.sharenet.co.za/marketviews/mv_view_article.php?id=1771

I can't pick shares so I'll just buy the index. The fact that it only had 8 trades isn't too important for an ETF. As with the other ETFs there is always a buy and a sell with a small spread. In this case the bid is 559 and the offer is 566, so a 7c spread. These bids and offers are managed by the ETF company, so the share is always liquid. You can buy as many as you like at 566, and sell as many as you like at 559, the ETF company will just keep taking or selling. If you're lucky someone will be selling some somewhere between that spread and you'll score a few cents. Happens fairly often with the indi, but that's pretty well traded.

jaDEB my email said you posted here but I don't see anything?

8006
Shares / RMB MidCap ETF
« on: September 09, 2013, 03:32:14 pm »
Lets hear some thoughts on this one...

For starters, it's basically the next biggest 60 companies after the top 40, these are:
Share    Name    Quantity
ABL    AFRICAN BANK INVESTMENTS LTD    5057
ACL    ARCELORMITTAL SOUTH AFRICA LTD    1201
ACP    ACUCAP PROPERTIES LTD    1185
AEG    AVENG LTD    2918
AFE    AECI LTD    874
AFX    AFRICAN OXYGEN LTD    1027
AIP    ADCOCK INGRAM HOLDINGS LTD    1109
ATN    ALLIED ELECTRONICS CORP LTD    316
ATNP    ALLIED ELECTRONICS CORP LTD    1548
AVI    AVI LTD    2292
BAT    BRAIT SA    2409
BAW    BARLOWORLD LTD    1570
CCO    CAPITAL & COUNTIES PROPERTIES PLC    1691
CLS    CLICKS GROUP LTD    1888
CML    CORONATION FUND MANAGERS LTD    2095
CPI    CAPITEC BANK HOLDINGS LTD    454
CPL    CAPITAL PROPERTY FUND    9985
DTC    DATATEC LTD    1348
EMI    EMIRA PROPERTY FUND    3262
FPT    FOUNTAINHEAD PROPERTY TRUST    4787
GND    GRINDROD LTD    2716
HAR    HARMONY GOLD MINING CO LTD    2802
HCI    HOSKEN CONSOLIDATED INVESTMENTS LTD    419
HYP    HYPROP INVESTMENTS LTD    1565
ILV    ILLOVO SUGAR LTD    1708
JDG    JD GROUP LTD/SOUTH AFRICA    858
KAP    KAP INDUSTRIAL HOLDINGS LTD    6824
LBH    LIBERTY HOLDINGS LTD    771
LEW    LEWIS GROUP LTD    661
LHC    LIFE HEALTHCARE GROUP HOLDINGS    6866
LON    LONMIN PLC    3221
MMI    MMI HOLDINGS LTD/SOUTH AFRICA    7640
MPC    MR PRICE GROUP LTD    1716
MUR    MURRAY & ROBERTS HOLDINGS LTD    3063
NEP    NEW EUROPE PROP INV PL    620
NHM    NORTHAM PLATINUM LTD    1966
NPK    NAMPAK LTD    4414
NTC    NETCARE LTD    10904
OCE    OCEANA GROUP LTD    266
OMN    OMNIA HOLDINGS LTD    423
PFG    PIONEER FOODS LTD    964
PIK    PIK N PAY STORES LTD    1654
PPC    PPC LTD    3399
RBP    ROYAL BAFOKENG PLATINUM LTD    370
RBW    RAINBOW CHICKEN LTD    1119
RDF    REDEFINE PROPERTIES LTD    21537
REI    REINET INVESTMENTS SCA    14669
RES    RESILIENT PROPERTY INCOME FUND LTD    1712
RLO    REUNERT LTD    1226
RMI    RMB HOLDINGS    5227
SAC    SA CORPORATE REAL ESTATE FUND NOMINEES P    13489
SAP    SAPPI LTD    4021
SNT    SANTAM LTD    257
SPP    SPAR GROUP LTD/THE    1290
SUI    SUN INTERNATIONAL LTD/SOUTH AFRICA    692
TFG    THE FOSCHINI GROUP LTD    1368
TKG    TELKOM SA SOC LTD    2320
TON    TONGAAT HULETT LTD    552
TRE    TRENCOR LTD    1245
VKE    VUKILE PROPERTY FUND LTD    3380
WBO    WILSON BAYLY HOLMES-OVCON LTD    0

It's new, so I couldn't chart it directly, but if we compare indexes we can go back about 10 years. In the attachments I've put the midcap vs the indi (not the satrix indi, but the industrial index which the satrix indi is based on) over 10 years, and 5 years, and the midcap vs the top40 over 10 years.

Clearly it beats the top40, but the interesting thing is how close it is to the indi. In fact, a lot of the time it beats the indi in the 10 year graph, and in the 5 year apart from the period between July 2012 where the indi took off.

I like the list of companies, and the fact that it's more diversified than the Satrix INDI so I'm thinking of adding some of these to my portfolio.

Your thoughts?

8007
Shares / Re: LDT - Dividend amounts and Last Day to Trade
« on: September 06, 2013, 01:43:11 pm »
Busy day for dividends...

8008
Off topic / Mind if ask you to do a quick test on my new site
« on: September 05, 2013, 12:30:18 pm »
I think I've ironed out the bugs. Windows 8 was being a real PITA, but will hopefully be working now.

Here's the link http://stacheyourself.com/

Basically I plan to put ads on it for movember, and use it to raise funds to donate to the cancer assoc for a challenge. Instead of donating cash this year, I'll donate time and will give away any cash it generates.

Here's an quick example:


Any thoughts?

8009
Shares / Re: Today's Outlook
« on: September 04, 2013, 10:43:58 am »
Quote from: Moneypenny on September 04, 2013, 09:30:51 am
Moon's F&G Indicator: Extreme Fear

Nice addition to your reports!

8010
The Investor Challenge / Re: investor challenge
« on: September 04, 2013, 07:34:57 am »
He was buying negative shares. I closed the loophole...

Not sure he expected the transaction history to get published though  ;D

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