Share Forum - Discuss JSE shares and join the Investor Challenge

Edit: Now showing tax in the holdings page.

Then the next question is if a forum person sells the bought share within the competition period is the Rand value of their holdings reduced at time of sale. I,e, they are assessed for MST, brokerage and other taxes + CGT on sale?

I think people (and by that, I mean mostly men) don’t like to lose and specially not in public.  With investing/trading you will lose somewhere, somehow.  The trick is to learn from it and keep going, who cares anyway, it’s a personal journey and nobody is right all the time. That’s way people wait to enter, they first need to see somebody else is down by twenty-something percent and then go in.  Boggles my mind.

I think your comments are accurate as regards traders as some 95% are never successful. However when investing this is a different kettle of fish. If you invest for the long terms then you need to invest in solid companies that you feel will enhance your wealth over time. This type of investing is not like taking a lottery ticket, and hoping to win a bundle, but rather participate with the companies as they grow. Many companies have some form of cyclic progression and also suffer from pull backs from time to time but these are normally company generated - Woolworth's is a prime example of 2 events which have occurred and I still hold my stock - in the early 2000's they got their clothing merchandise wrong and it hurt their share price dramatically, and the most recent is the Davy Jones fiasco - however I am comfortable to hold and add in this share.
To my mind there is a more sinister matter which I don't know how you wash out of the system and that is irresponsible journalistic (in its widest  sense) reporting and everyone sees the future in the tea leaves.
As to people waiting to see who is on the bottom of the board - I don't buy that as the competition awards you R 100,000 per month and you can quite comfortably sit on the sidelines whilst being in cash awaiting the option to buy.
I have long held the view that this is a traders competition and not an investors competition - you are not penalised for trading other than through the buy/sell charges - my view is that maybe it needs to be split into a trading completion and a further one for investors which will cover a 3 year window period
So just my opinions on the set up   

Wait a bit, Viceroy was founded by a short-seller Fraser P-something, who partnered with 2 youngsters from down under and they are now Viceroy Research?

Articles in Business Day and Moneyweb today about Viceroys new target - Capitec Bank - which I suppose will have a knock on effect on PSG and maybe even Curro.
Seems like this crowd is a bit of a hatched job as they are short traders. I believe some or other company will target them and regret they put pen to paper

I don't trust any politician so to me this is all a show : )

+1

Hamster - I don't really care which direction Crypto currencies go (I would only buy if I wanted to shunt funds overseas for money laundering purposes) my biggest concern is the knock on effect it will have on stock exchanges - some are setting higher highs and or near all time highs and investors are nervous and markets move with the slightest government missteps, arrogant and/or stupid statements. Only have to look at the mad Tramp of America and the ballistic North Korean and our own Zuma to get a sense of crass stupidity at work every minute of the day.
So my concern around crypto currencies is what happens when the roundabout ultimately stops spinning

Read the piece in Business Day around bitcoins then you can really weep

Insurance is a grudge payment so you need to think very carefully about what and whom you want to cover - also with life cover the older you get the greter the premium.
I cancelled all my life cover insurance at age 42 (the age is not relevant merely that I procrastinated until making the decision) and carried no insurance other than group life cover with my employer. However I did insure my house/contents; cars and other assets that upon my death these assets would be transferred to my wife without her having to foot a massive bill or finding funds to substitute for my income - hence the group life cover. So my focus thereafter was on salary substitution in the event of my death to make up the shortfall she would get on a halved pension. This principle I still apply today in that my share portfolio more than adequately compensates for any shortage on the pension payout. My car I paid off within 42 months and my bond is my piggy bank for quick funds should I want to dive into the market when a good opportunity arises
I am not a great advocate of insurance but some you do need, whilst others like a life policy should be consider as short term insurance and maybe if your company has a group life policy maybe that's all you really need - what you are looking for is to cover the shortfall in your income in the event of your death to your spouse and also if there are kids to cover their needs

Christine - not sure that ETF work the same as ordinary shares - but, with ordinary shares in a nominees name are held in escrow for the beneficiary at the broker level. They would normally provide you with a "transaction listing and a portfolio statement" on a by transaction and a monthly consolidation. To my knowledge brokers are no longer permitted to use nominees or own name shareholdings as collateral for their own dealings. So in a sense you do have protection in that if the brokerage operation failed you could based on statements give a very accurate position of your portfolio. Also all brokers contribute to a fund to guard against rogue operations and broker failures, and the JSE can withdraw broker facilities at any given time if they suspect any malfeasance (just a nice would for being a fraudster - think Bernie Madoff)