256
Shares / Re: Steinhoff
« on: August 24, 2017, 06:56:26 pm »
They don't called Weise and his colleagues - the Stellenbosch mafia for nothing 
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257
Shares / Re: Calculating CGT on USA shares.
« on: August 17, 2017, 08:29:36 pm »
Surely the same principles would apply with the Reits which are invested in the British market hence SA Reit showing such alarming reductions in share prices
258
Off topic / Re: Live chat
« on: August 07, 2017, 10:29:59 pm »
I think the vote tomorrow is on a knife edge. The cabinet and the NEC are keeping Zuma in his position, if Zuma goes they are out, the president loses his pension and criminal charges will be instituted, Nkandla could be converted into an entertainment centre. The ANC lost the Nkandla district in a recent election rerun. I think the MP's that are unhappy with Zuma and his gang will vote against him - he will lose office and so will the cabinet, there are thus opportunities for these MP's to be elevated to MP level.
If the ANC don't take action now with this matter they don't stand a chance of winning in 2019 and then MP's will be ousted so its in their best interests to cut the cancer out now and then concentrate on improving their performance in 2019
Just my take on the situation as it is a zero sum game whichever view you support
If the ANC don't take action now with this matter they don't stand a chance of winning in 2019 and then MP's will be ousted so its in their best interests to cut the cancer out now and then concentrate on improving their performance in 2019
Just my take on the situation as it is a zero sum game whichever view you support
259
Shares / Re: My retirement blog.
« on: August 07, 2017, 10:20:37 pm »
Truly great news - all strength to you and the missus 
260
Off topic / Re: Live chat
« on: August 07, 2017, 04:11:07 pm »
So secret ballot is on tomorrow - now lets see the MP's vote - pretty much they are damned if they do and damned if they don't. I would just like to see Zuma783 in court facing his charges and giving him his day in court which he has been asking for since 2009. His costs for himself and not the taxpayer
261
Shares / Re: Bitcoins
« on: August 02, 2017, 09:22:39 am »
My youngsters are mining 24/7/365 and are happy with their results. It has elevated their household costs a bit via electricity consumption as they are using quite a big set up to mine
262
Shares / Re: Small Cap Picks
« on: August 01, 2017, 08:37:45 pm »Of his punts I only hold Santova but it is also a volatile shareGo to Moneyweb's site and have a look at the small cap picks that were punted by Keith McLauchlan at the Money Expo on Saturday. I have known Keith and have interacted with him on purely an investor level and do not follow his picks like a slave and he will admit that he has got some wrong over the years - so read and make your own determinationThanks. I have seen his stocks in his portfolio and some are disasters and some ok but overall I think his overall returns are not that great. I do however also like Santova and 1 or 2 other picks.
Sent from my MHA-L09 using Tapatalk
263
Shares / Re: Small Cap Picks
« on: July 31, 2017, 04:24:40 pm »
Go to Moneyweb's site and have a look at the small cap picks that were punted by Keith McLauchlan at the Money Expo on Saturday. I have known Keith and have interacted with him on purely an investor level and do not follow his picks like a slave and he will admit that he has got some wrong over the years - so read and make your own determination
264
Shares / Re: Artificial intelligence and machine learning Unit trusts
« on: July 31, 2017, 04:16:57 pm »
The cleverness of these bots is not in the writing of the program parameters but in encapsulating of the thinkers and all his/her what if's.
A number of bot got squeezed out in the 2007/2008 market downturn - so they seem to be quite good in an incrementing market, but, suspect in a quick turning market.
A bit like bit coin mining and the actual bit coin price movement
A number of bot got squeezed out in the 2007/2008 market downturn - so they seem to be quite good in an incrementing market, but, suspect in a quick turning market.
A bit like bit coin mining and the actual bit coin price movement
265
Shares / Re: Artificial intelligence and machine learning Unit trusts
« on: July 28, 2017, 07:11:17 pm »
There is no history on their performance and also do they publish the churn in trades per day.
Maybe they also need to have an indemnity/guarantee in place that in the event of an epic fail they will reimburse their customers
Also did not robotic trading have a devastating impact on the NYSE about 10 - 12 years ago?
Maybe they also need to have an indemnity/guarantee in place that in the event of an epic fail they will reimburse their customers
Also did not robotic trading have a devastating impact on the NYSE about 10 - 12 years ago?
266
Off topic / Re: Live chat
« on: July 13, 2017, 03:01:35 pm »Kaap Agri is a well run business. It's a rare breed in Today's economy.Kaap Agri used to be an over the counter operation years ago in the PSG stable through Zeder, but once they terminated over the counter trading they had to come out of the darkness so to speak - This company forms part of the Stellenbosch mafia grouping - but K-A is under the Mouton umbrella which is the who PSG conglomerate and has strong links to Christo Wiese and Markus Jooste (whose big interest these days is horseracing) and their names all pop up with the Steinhoff groupings
267
Off topic / Re: Live chat
« on: July 11, 2017, 11:57:40 pm »
No significant newcomers on JSE - but Oakbay will delist shortly 
268
Shares / Re: Net Worth
« on: June 30, 2017, 06:47:10 pm »No but obviously you have - your point being?Realistically my house has no worth to my estate until I die nor my car as it is a depreciating asset so it does not constitute any part of what I can net wealth
Are you serious? Have you been reading Robert Kiyosaki books?
269
Shares / Re: Net Worth
« on: June 29, 2017, 01:55:30 pm »
I have previously made comments regarding the intended survey, and, as much as the intent is to make it simple, by its very nature it will produce conflicting results because the parameters are open to interpretation. As an example I will answer your 1st 3 questions:-
House R 1.6 million (municipal valuation)
Car R400,000 (purchased in 2014 for R 650,000 deflated for loss of value over time)
Outstanding debt bond R34,000 and car loan R 94,000 - R 128,000
Realistically my house has no worth to my estate until I die nor my car as it is a depreciating asset so it does not constitute any part of what I can net wealth
Also with point 5 - my pension which I receive monthly merely enables me to live comfortably and I don't have to look elsewhere to augment the pension to survive, and there is scope within that pension to meet all my monthly commitments, and ultimately save funds to service all my debt, and make annual capital reductions on my motor vehicle. My bond is in place with the above outstanding amount due to me making a large capital reduction on the car, and my bond is also used when I want to buy shares on the open market
So if I plugged in all my numbers I think it will skew your survey and I don't doubt that others on this forum will also skew the results and it will be life cycle based. Without being unkind even the fact that you have been unemployed for 2 years will skew the results probably the other way - so if you are trying to get a creditable dispersion - then you won't
Needless to say forge on with your survey and lets see what the results show
House R 1.6 million (municipal valuation)
Car R400,000 (purchased in 2014 for R 650,000 deflated for loss of value over time)
Outstanding debt bond R34,000 and car loan R 94,000 - R 128,000
Realistically my house has no worth to my estate until I die nor my car as it is a depreciating asset so it does not constitute any part of what I can net wealth
Also with point 5 - my pension which I receive monthly merely enables me to live comfortably and I don't have to look elsewhere to augment the pension to survive, and there is scope within that pension to meet all my monthly commitments, and ultimately save funds to service all my debt, and make annual capital reductions on my motor vehicle. My bond is in place with the above outstanding amount due to me making a large capital reduction on the car, and my bond is also used when I want to buy shares on the open market
So if I plugged in all my numbers I think it will skew your survey and I don't doubt that others on this forum will also skew the results and it will be life cycle based. Without being unkind even the fact that you have been unemployed for 2 years will skew the results probably the other way - so if you are trying to get a creditable dispersion - then you won't
Needless to say forge on with your survey and lets see what the results show
270
Shares / Re: Net Worth
« on: June 28, 2017, 06:41:30 pm »MC - I hear you, but, also don't want to labour the point but if you take ones pension present and future value into account then you might as well add future values to your Living Annuities (provided your draw down is less than 5%) and the future market value of your house (s) less any outstanding bond. Maybe I determine wealth differentlyMC - not sure what your argument is 1)whether no provision out of gross is recorded as a contribution towards a pension, or 2) a pension payment ex employer is part of ones overall wealth. If 2 then I don't consider it as part of ones wealth as it is in the same realm as a monthly salary and there would only be a portion which would contribute towards your wealth if you set aside a portion and invested it. Also I am not sure how you would factor in ones salary/pension future value as part of your future wealth - the reserving of a portion would contribute to wealth creation, but, the future value of salary/pension should be excludedEDIT: assuming that the average person is not money savvy and have no pension fund forced on him over his 20 years of working.
Surely your pension fund is part of your net worth calculation.
My point is that money saved in your pension fund is part of your net worth. If you contribute 20% a month to your pension, you are saving 20% essentially. I don't think we should make this stuff too complicated.
A person with R1m in their pension fund and nothing else is better off than a person with nothing at all.