Share Forum - Discuss JSE shares and join the Investor Challenge

Quote from: Hamster on June 28, 2017, 02:51:29 pm

EDIT: 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.

MC - 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 excluded 

To answer some parts of you many questions:-

what is your own knowledge level regarding our markets, and have you ever bought and sold shares

do you have a portfolio that you currently manage and do you have the various components in that portfolio

if you are prepared to hand your portfolio over to a third party then whats this persons track history and what level of discussion there would be between yourself and this investment advisor

I am sure that you may well get a wide range of comments on peoples views towards advisors, what to have in your portfolio and the composition of that portfolio. From my perspective I don't use an advisor (my preference), also I don't have any property stock in my portfolio - the only property I have invested in is my live in residence, I've reduced my holdings in mutual funds, as to my mind its more appropriate to invest in ETF with low fees compared to the costs of Mutual Funds, also I don't have a large cash holding in my portfolio (11%). But this is what works for me and may not be every bodies cup of tea

So looking at the results 25% spend less than R 10k per month - but there is a gap between R 10k and R 14.9k, so I wonder where these persons put their mark.
I am sure this is merely a dip stick survey and was merely done to gauge the range of spend - so I won't knock it.
It may be quite interesting to run a further survey which pidgeon holes the respondents responses but indicates where the spend is
items that could form part of that survey are as follows groceries, utilities, insurance (house owners, household, life/endowments., non company pension contributions, car and others) entertainment (eating out, ordering in, movies/DSTV, friends over for a braai (where you provide drinks and food) and others) mortgage bond repayments, car repayments, property security, connectivity (telephones, internet, cellphones), domestic support/gardener/garden services, rents and levies and a number of other usual and repetitive expenses. also maybe list how much is invested out of the monthly income per month
You could cut/slice/dice this survey on the basis of income group, employed/unemployed/retired, age
These are just pointers should you decide to be more granular than the completed survey
I would also suggest that the recipients use percentages per spend
Once people have done these sums they will have a very plausible monthly budget framework
Have fun

Can't be too happy with Naspers drop

Some other counters which could do well for you over the medium/long term - all are in my own portfolio
AVI
BVT
CLS
CSB
MRP
RFG
TRU

and today I bought a parcel of L4L for the long term

It'll be there just after markets open GCR.

Thanks Patrick

I see we have trolls back on the forum