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Yup - Zuma furiously re arranging the deckchairs on ANC Titanic

@Mr_Dividend I guess all your taxes are already paid because of Dividend withholding tax? Do you have property REITS or still the few that pay dividends?

@gcr Are you on your 2020 target? Thanks for sharing your story.

At this point in time I am shy some R 400,000 on my 2020 ultimate target amount - if I achieve it ahead of time then I will set new goals

I'm so jealous. I've been on leave for the last three weeks, and I'm really not looking forward to my first day back on Monday morning!

I'm also curious how your portfolio has done. Has it gone down/stayed the same/or grown over the period?

I took early retirement 30/9/2005 and took a package which paid out R 615,000 after tax, which funds I invested as an FD until I could decide how I would make this work for me. At that stage my wealth (excluding the market values of my house and car) was determine at R 1.0 mil. I then said I wanted to have by year 2020 R 5.0 mil and then plotted financial  milestones to achieve that over the period. I created an excel spreadsheet with 6 monthly performance checks
Some activities that I performed over the 12 years:-
1) Bought installment shares initially and on due date either bought or sold - this was a relatively cheap way to buy better quality shares without making all the funds available at once
2) Bought shares in some risky companies and in most made reasonable sums of monies but took a bath on shares like ACC Ross (Hartebeespoort Lifestyle property development - last and only property development company I ever invested in); Tiger Wheels (bought at 67 cents and sold out at R 16 when they had ramped up to R 34 - but then their wheel manufacture and German wheel ventures collapsed); Venter Trailers cost me lots of money, as did Aveng, Cape Empowerment, Clover, Colliers, Nando's, Wearne and Pinnacle. There were others which did very well some of which I still hold - particularly AVI, Cashbuild, Bidcorp/vest, Clicks, Satrix Indi, Vodacom and Discovery
Some lessons learnt:-
There were many companies who came to market from 2005 with glowing prospectuses - my advice don't buy on the prospectus let them go to market and list and about a year after listing buy if their performance is reasonable.
Be wary of companies that are on every radio/TV show punting their companies - rather read as to where they fall in a market, how crowded is that market and who the current leaders are, and also look at management, and whether they are on other companies boards and how well are those companies performing. I also like to find out the history of the board members and which previous companies they served on - there are sites which list background of people. To me I don't look too much at financial data as I think these numbers are often fudged, I prefer to look at management (and turnover) and how well they are doing against their competitors.
Over the last 5 years I have reduced my holdings in U/T and placed the funds directly into shares which I intend holding for 5 - 10 years, similarly I have diverted some of my FD funds to shares to avoid overshooting the tax limit - I dislike paying funds over to the tax man where he benefits but makes no contribution so I look at ways of minimizing tax (legitimately) wherever possible.
All dividends earned are retained in my broker account for the purposes of buying shares and not necessarily shares in the company that declared the dividends - again the tax man bites you with taxes for doing nothing on their part.
I read financial articles daily covering all aspects of the market and make up my mind around what is noise and what are mere ramblings of mortals.
I used to watch the NYSE opening and the LSE opening/closing but don't anymore as once the trend in movements is seen over many months they then stop being a concern to our market, sure they do have an influence but not significant until you get a disaster such as 2007/8 in the USA
I tend to question all charges levied by companies regarding account handling and contest what I consider to be ridiculous charges
When I sell shares I seldom if ever remove the funds to meet other financial commitments, as my view is once you dig into you capital it becomes very difficult to recoup that capital out of monthly income
Also once I was satisfied with my overall level of wealth I cancelled all my life policies and diverted the funds into buying more shares albeit that the amounts are small
My suggestion to would be market operators is read a lot (its your wealth you are dealing with so take it seriously) attend courses (even trading courses - for an alternate perspective), negotiate broker and U/T cost structures and if fact question every cost - they are all negotiable

In case people are curious my hobby is woodwork and I have a fully kitted out single garage with all my equipment in it next to my house (I built and have paid for a double garage on my property for the cars) so can stop at any time during the day to check the market. All in all I probably spend about 2 hours a day watching the markets and reading financial market related articles - tend to skip the political articles are its a case of same old same old - rubbish

 

Portuguese people only go to bed at 3 am.

Ah - but there's the rub he is not Portuguese - so no excuses

I bought in when they where starting to go down. I hate selling at a loss so I guess it is me and clover either till death or to the moon. I am locked in now.

At tax time you can always review the situation and take a full or partial loss to offset CGT gains

I Johann Vorster is buying up more collar hedges in Clover (he is CE) 2 tranches of 350,000 shares each. I wish these guys would concentrate on running the business rather than trying to be smart traders in their own company shares. These guys also don't learn so many of them got their fingers burnt in 2007/8. Wonder how he handles CGT on this as the expiry date is 27/9/2019 which means he would not have held the shares for longer than 3 years so profit would be treated as income

Good time to buy Sasol and Sibanye?

I don't deal in chemical or mining shares but do read about their activities and have steered away from both for different reasons Sasol - Inzalo BEE deal, and Sibanye because of the CEO and his Harmony/Goldfields wars back in mid 2004/5/6

Hi Pubson, the cheapest and easiest is to open a tax free savings account with access to the stock exchange, and then use one of the offshore based ETFs like the Satrix all world ETF. Some advice on the tax free here: http://investorchallenge.co.za/a-newbies-guide-to-investing-on-the-jse/

If Pubson is looking to externalise his funds then buying the ETF is not externalising funds the fund manager may well externalise funds but as soon as you give them a sell order the funds will be returned in SA Rand and not in the foreign currency