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Messages - Patrick

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8041
Shares / Re: CML
« on: August 13, 2013, 11:43:30 am »
CML is 13% of my holdings but 50% of my profits!  :TU: (the rest is all in the indi because as you can see in the competition, I pick more losers than winners  :mad:)

8042
The Investor Challenge / Re: investor challenge
« on: August 12, 2013, 12:02:20 pm »
Wait a minute. I put in buy orders over the weekend. I bought at the price that was displayed on the buy page. Was that price outdated?

It would have been the Friday closing price.

8043
Shares / Re: Help the newbies
« on: August 12, 2013, 11:28:06 am »
Thanks guys. Much appreciated.

Another request to the forum admin - How about a share buying calculator on the buy page? I have R20230 and I want to buy a 4.23 share. How many can I buy and what will my fees be? I looked at the calculator you mentioned on the sharenet website. Doesn't help.

I'll see what I can do.

8044
Shares / Re: Help the newbies
« on: August 12, 2013, 08:09:09 am »
There is another one, from marketwatch http://bigcharts.marketwatch.com/
Enter symbol eg. ZA:NPN (doesn't have to be upper case.)

I like that one. They also seem to have data going quite far back:

The alsi goes back to 95, still looking for something that goes waaaay back.

8045
Shares / Graph of the ALSI very long term
« on: August 09, 2013, 09:12:37 am »
Yes I'm working today  :wall:

Luckily the office is very quiet. Anyway to keep myself distracted I was thinking of doing a quick blog post, but I'm looking for a graph of the ALSI very long term. Best I can find on the web is 10 years, but I'd like 50 at least. 100 would be even better. Anyone know where I can get really long term historical data?

8046
Shares / Re: SAtrixindi
« on: August 07, 2013, 04:04:06 pm »
So what you are saying is that when all is said and done(Unit trust fees,UT taxes etc),the Eft Indi will yield greater returns(short-medium-long term) than a Unit trust from Allen Gray or any other reputable investment company?
Yes, but not just me, the stats are saying that too. Here's some reading:
http://www.bdlive.co.za/personalfinance/2013/01/20/market-beats-manager-again
http://www.forbes.com/sites/richardfinger/2013/04/15/five-reasons-your-mutual-fund-probably-underperforms-the-market/
http://www.moneyweb.co.za/moneyweb-money-matters/can-the-pros-still-beat-the-market
http://www.iol.co.za/business/personal-finance/financial-planning/investments/beating-the-market-is-unrealistic-1.1383612#.UgJNHG3LL5k

If so,by what percentage does the Indi beat a Unit trust like the AG Equity Fund or Foord Equity Fund ?
Well the indi did 35.5% in the last 12 months, so it beat AG by 18.2%! But the benchmark they try to beat isn't actually the indi but the all share index (plus income). There just isn't an all share ETF, the top40 (satrix 40) is often treated as the all share, and that did 19.5% in the last 12 months, so that beat Allan Gray by 2.2%.

Wondering how big a difference that is over time:
R100k @ 17.4%  for 10 years (AG) = R497,371.58
R100k @ 19.5%  for 10 years (stx40) = R593,853.13
R100k @ 35.5%  for 10 years (stxind) = R2,086,377.80

Indi has just had a really good run (the market as a whole has actually been pretty good), who knows if it will continue, but if the top40 is beating the managers even with all this turmoil in mining you have to ask why anyone would use one.

8047
Shares / Re: SAtrixindi
« on: August 07, 2013, 11:36:14 am »
Patrick, I also looked at the Foord/AG scenario but would you invest with Foord before the stxindi?

No, mostly due to the costs. But I'll leave the funds there for now for some diversification. I'm just not adding to them. All my new deposits are for the indi. My portfolio is now 70% Foord equity, and 30% STXIND.


8048
Shares / Re: Oceana Group Ltd
« on: August 07, 2013, 09:32:24 am »
It's all part of Orca's plan. Punt a share thats going down and buy omnia instead. Just stretching the lead  >:D

Beware Moneypenny is coming to get you though  :))

8049
Shares / Re: SAtrixindi
« on: August 06, 2013, 05:03:28 pm »
Equity Fund    10yr20.8    5yr11.4    3yr15.9    2yr14.8    1yr17.3
Benchmark    10yr20.2    5yr8.6    3yr18.1    2yr15.0    1yr21.0

80% of fund managers don't beat the market, and these guys are part of that 80%. Plus they'll give you the honour of paying extra fees to give you those lower returns  :D

But if I couldn't buy ETFs I'd still much rather give Allan Gray the money than putting it in the moneymarket or the bank or something like that.

Not sure about the taxes, but I have a large chunk with FOORD equity and the taxes appear to be minimal.

If you're thinking of going the UT route, spend some time on equinox. Here's why I went with foord rather than AG:
AG: http://www.equinox.co.za/unittrusts/funds/funddetails.asp?fundid=15722
Foord: http://www.equinox.co.za/unittrusts/funds/funddetails.asp?fundid=16294

This page is pretty useful too: http://www.equinox.co.za/unittrusts/funds/fundperformances.asp

8050
The Investor Challenge / Re: investor challenge
« on: August 06, 2013, 11:16:51 am »
You're right. JSE is down again. I've activated the backups links, it'll catch up in a few minutes.
Patrick - I am waiting to buy shares for the competition GFI - but your price is R54.20 and the share has been trading down around R 53.32 - I want to get in at this level not your feed price - anyway of getting into the competition at this price - don't really want to wait for the competition system to update
Link is up, update has also just run. Check the latest prices.

8051
The Investor Challenge / Re: investor challenge
« on: August 05, 2013, 03:14:06 pm »
I believe if it is on the market then it should be available for competition. If some1 kick your @ss using a 2c share, then so be it, cause if it was real he still would have kicked your @ss.

only if there were enough sell shares on offer at the price that the person bought in and his holdings should then be valued at the buy price offer

I agree with bundu, but it's too hard to implement in an automated way. That's why I'd rather just get rid of the single cents shares.

Since I've got your attention, how about more thoughts on having the ability to sell next year. Options:
-Allow trading and have separate scoreboards for traders and non traders (penny shares won't be tradeable, oterwise we'll get the 1c to 2c heroes leading again. )?
-Allow a certain number of sales per month. 1/2/3 a month?
-Allow sales of a share, but don't allow buying back of that share for a period of time?

Any other thoughts?

8052
The Investor Challenge / Re: investor challenge
« on: August 05, 2013, 12:23:30 pm »
In my view Dvr has just dissed himself off the competition by adding R100k worth of 2c stock. Sad as he was doing so well. Does he not read the posts here about these penny stocks?

Penny shares have no place in an investor competition. Sadly I left them in to begin with. Next year they'll be gone, but we need to come up with a minimum qualification price. Maybe R1?

8053
The Investor Challenge / Re: Price updates currently on the blink
« on: August 05, 2013, 10:19:41 am »
It depends on a number of things. If the JSE link works then it's a minimum of 15 minutes and a maximum of 25 minutes. I haven't tested the backup link but it'll be a minimum of 15 minutes again.

The JSE link is notoriously unreliable (seems down again today, just switched to backup), but to get more frequent and reliable data you have to pay huge sums of money.

My backup link is very reliable, but far more resource intensive, so I prefer not to leave it running.

8054
Shares / Two-thirds of active fund managers invest in passive funds
« on: August 05, 2013, 08:50:32 am »
Quote
What? They should be putting their money where their goddamn mouth is.”

That was the response from one well known but irate US investor when I told him that fund industry professionals appear to be touting the advantages of active management as part of their day job, while investing their personal assets in low-cost passive funds.

Indeed, a poll by Ignites, an FTfm sister publication, of 1,001 fund staff – many of whom make their living promoting active products – reveals that two-thirds have a sizeable amount of their personal savings in passive funds. This includes 45 per cent who say they have a “significant” portion in passive products. Only one in five say they avoid passive funds altogether.

The findings should not be surprising, given that three-quarters of active managers never actually beat the market – a statistic those in the fund business know all too well. It does, however, leave a bitter taste in the mouth.

Here's the full article: http://www.ft.com/intl/cms/s/0/23eba484-dffe-11e2-9de6-00144feab7de.html#ixzz2b4hXwcTq

8055
The Investor Challenge / Re: Price updates currently on the blink
« on: August 02, 2013, 07:06:53 pm »
Any idea when my SNV dividend will be paid?

Should've been 2.5c a share on 29/07/2013

Added here: http://www.shareforum.co.za/shares/ldt/

It'll go through this weekend sometime.

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