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The Investor Challenge / Re: Blog post: Should you be dollar cost averaging?

« on: March 04, 2016, 07:59:45 am »

Thanks Hamster

Quote from: Mr_Dividend on March 04, 2016, 07:47:24 am

Nicely done Patrick. I was all set on adding monthly - but you've pretty much convinced me to invest the 30K now. Or maybe 10K p/m over the next three months. For the life of me, cannot understand how come the miners are recovering extremely well, whereas the commodity prices are not - or as least, haven't recovered in a big way.

Yeah, it was your comment that made me pause. I must say though, the last few days big run up in the markets again has me thinking what if... It feels almost like last year where things are really high, but we're not sure whether we're only just starting the recovery, or if it's just some greed in the market. Then again here's a 2 year graph for the indi and divtrx which I intend to buy:

The divtrx is still 13% off it's high from May last year while the indi is about equal to that, but about 4% off it's October high. I guess I'll just go with the research and pull the trigger when the funds clear.

As for the miners, I'm about as confused as could be. Don't have the faintest idea what's going on there. It's not like our labour issues are anywhere near sorted, and commodity prices have a long way to go before I would have thought they'd make an impact. Another notch on my bedpost for not being able to pick shares I guess!

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Off topic / Live chat

« on: March 03, 2016, 03:12:27 pm »

Done

5733

Off topic / Live chat

« on: March 03, 2016, 03:08:19 pm »

It's on the way.

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Off topic / Live chat

« on: March 03, 2016, 01:16:09 pm »

Yes, you really should be doing this. You can buy the same ETF, or a different one, just don't leave your money in cash, it earns very little for you.

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The Investor Challenge / Blog post: Should you be dollar cost averaging?

« on: March 03, 2016, 11:46:42 am »

http://investorchallenge.co.za/should-you-be-dollar-cost-averaging/

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Off topic / Live chat

« on: February 29, 2016, 06:45:39 pm »

Congrats jaDEB, see if you can make it a double over here.

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Shares / Re: TFSA vs Homeloan

« on: February 29, 2016, 10:12:35 am »

@Mr Div, we all bought at pretty much the market peak, but statistically that is the best way to get most returns. Dollar cost averaging has been shown to fail almost every time.

@Conrad, since you already have a portfolio, what I would do in your shoes is put the R30k into your hometown, then sell R30k of your shares and put that into your TFSA. It's what I advise anyone to do that has money in a regular unit trust or trading account.

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Off topic / Re: Transferring money overseas, any tips?

« on: February 27, 2016, 03:35:12 pm »

Quote from: gcr on February 17, 2016, 03:15:09 pm

Patrick - you have opened your account in the USA and have moved some funds offshore to fund the account.
Do the people you transferred the funds to; provide you with direct access to your current balance, and in what currency?. How frequently do you get a statement or can you get access over their platform and view your holding and currency balances whenever you wish to access their platform.
Do you initiate your buy/sell orders, or do you have to place an order with them, for them to place an order into the exchange?
Are the people you are dealing with creditable? - i,e, you don't lose any sleep at night around the safety of your funds?

I'm a little different to most here gcr, I opened a bank account in the states through my employer, it's one of the perks of the job. They're also putting 50% of my salary into that account every month. I asked for 100%, but they said no. They have agreed to put all my travel money in there too. What I'm left with is my local investments dividends, and what remains on my local half of my salary. I live on a lot less than half my salary (my wife calls me cheap sometimes, but I think she doesn't understand frugality).

For the first few months of the year my money will go into my and my son's TFSA, from then onwards I'll have to put it into ETFs. Then I need to figure out when to take it offshore. I was getting tempted again at the lower levels of R15, but then we had budget and the Pravin/Zuma fight. I want the dust to settle there before doing anything.

I've looked onto every possible way I could think of for getting money offshore. It's still looking like exchange4free is the cheapest. Bitcoin doesn't work for us, as bitcoins are about 10% more expensive in SA than offshore. That's great if you want to bring money into SA, but terrible taking it out!

I did find someone who wanted about $2000 worth of Rand they had in a paypal account, so we traded at the mid-market rate. If only I could find more people who want Rand in an SA bank account for their dollars.

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