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Messages - gcr

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316
Off topic / Re: Live chat
« on: March 30, 2017, 02:32:26 pm »
Quote from: Orca on March 30, 2017, 12:46:18 pm
Just when I thought I was coining it with the FX now this. I am going on the Vodka Diet. Loose 3 days in 1 week.
Don't buy Russian Vodka its getting too expensive - foreigners seem to be pulling funds out of sunny shambolic SA and moving to Russia because interest rates are improving there

317
Shares / Re: The Rand
« on: March 28, 2017, 11:42:10 am »
Quote from: BussoV6 on March 28, 2017, 09:37:11 am
Any predictions on where the Rand will end up when Pravin gets bulleted?
Could go as high as R 15/$ if he is bulleted and crybaby Molefe is brought in as that would confirm total state capture, and it could get worse once the country is downgraded

318
Shares / Re: The Rand
« on: March 26, 2017, 07:32:23 pm »
Quote from: gcr on August 04, 2016, 04:34:56 pm
Still hoping it will go closer to R12/$
Slowly getting there 8)

319
Off topic / Re: Live chat
« on: March 20, 2017, 02:17:54 pm »
The leaderboard seems to think it is also on holiday - something askew with the lisitng and positions O:-)

320
Off topic / Re: Live chat
« on: March 15, 2017, 08:50:29 pm »
So interest rates have been increased in USA  :-[

321
Shares / Re: My retirement blog.
« on: March 10, 2017, 03:48:33 pm »
Orca - all strength to your wife and you with this medical issue - trust very much that you both come out of it without any bad news

322
Off topic / Re: Live chat
« on: March 10, 2017, 03:44:16 pm »
Quote from: jaDEB on March 10, 2017, 02:40:39 pm
It takes a broker a day to read results properly and think about it. :)
I looked up their results but the sens message which came out yesterday is not time stamped on my Nedbank platform.
However if it was issued late yesterday afternoon then that could partially explain why the price moved only today.
Sometimes I think companies deliberately delay bad news until just on or after closing time so that they can "limit" price moves

323
Shares / Re: Is African Bank Safe - Fixed deposit
« on: March 08, 2017, 03:14:23 pm »
Hamster - also on the TFSA accounts the only reason I am putting money into them is because you can trade over this account as, as yet Treasury have not closed this loop hole - so no need to observe the 3 year holding period. So those people who would like to test their hand at trading they could now have the princely sum of R 90,000 in your TFSA.

324
Shares / Re: Is African Bank Safe - Fixed deposit
« on: March 08, 2017, 03:04:38 pm »
Hamster you wrote" If you are closer to retirement age and cannot afford ............." it has been proven that share markets generally advance over time. Similarly there are the occasions where markets drop quite significantly, but, they do tend to correct themselves within a reasonable length of time.
To my mind it makes no difference whether you are near to retirement or not, and, that on retirement you need to be cautious (I am not talking about being reckless) in terms of your investment approach.
I invest in the market even though I retired 12 years ago and have no intention of even getting out of the market, I may review my portfolio should there be a major crash but only to rebalance my portfolio, or follow some other bargains. I have been exposed to every market correction since the 70's and within a few years have always ended up in a better situation financially.
I can't speak for others but my share portfolio is used specifically for wealth creation and is not used to augment my pension and my current comfortable lifestyle, but, I am a realist so there may come a time in 10 - 15 years time where I may have to dip into my portfolio to support my pension, but, quiet frankly by then my share portfolio would have doubled

So I am certainly not in the camp that advocates caution when investing either near or in retirement (good basic fundamentals must be applied when selecting your share portfolio, cavalier buys will burn you), but by the same token I would not advocate that people who have either commuted part of their pension or have taken funds out of investments on which they need to survive and put the funds into the share market - that may well end up badly.

My focus is very simple in application - when I die and my wife outlives me she will enjoy 50% of my then pension and my share portfolio will then generate sufficient dividend streams to assist with her living and she may have to sell some shares from time to time to top up her needs, but, the reality is that when I die her financial situation does not change for the worse but does change for the better   

325
Shares / Re: Is African Bank Safe - Fixed deposit
« on: March 08, 2017, 12:02:01 pm »
Quote from: DeonC on March 08, 2017, 09:28:25 am
Jip. Planning on putting more than half of my all my money in there. R1m. Thats why I am a bit cautious  ???

Capitec offers 10.05%
Nedbank Offered 9.56%

All on 60 months.

I have some ETF's, and to be honest I dont think any ETF will provide 10% p/a for the next 5 years. Or am I wrong?
I bought my STXIND in June 2013 and they have shown a capital appreciation on the initial investment of 45.4% to date, plus over and above that there has been a reasonable capital stream so ETF can give you reasonable returns and your funds are readily accessible under some binding conditions - notably tax regimes
I think funds with the Banks are pretty much guaranteed returnable as if any of the big 4 banks had a glitch then the others would rally around to assist as the damage of failure would be devastating on the banking (including SARB) fraternity.
Also investing for 60 months is not too long a period if your need is to live off this investment - but then you need monthly interest which gives you a slightly lower interest rate. People need to weigh up whether it isn't better to take interest monthly and if not needed then invest in another investment instrument to gain more interest or capital gains/or both, in preference to taking interest at the end of the 5 year period.

Interest rate movements at the moment are a pretty hot topic as some analysts say rates will increase whilst others say they will fall - so who you believe is most difficult   

326
Shares / Re: Steinhoff
« on: March 07, 2017, 10:33:31 pm »
Christo Wiese and the Moutons are considered the Stellenbosch mafia and at times behave like that. All these deals that they have tried to put together are in my opinion ego trips.
There are too many mergers and acquisitions in play or have been in play over the last 10 to 15 years and somewhere there needs to be some semblance of rationalization, but the people in charge seem hell bent on putting together deals which in the long run could fail.
I am not predicting anything but I am concerned that something is going to come unstuck within this framework of deals and also the driving force behind Checkers has retired so management behavior is going to change as the new guy will want to stamp his legacy.
I used to have holdings across PSG, Zeder, Curro, Checkers, Steinhoff but sold out because of the over ambitious direction the groupings were going and switched to Bidvest as they seem to have a handle on running conglomerates and just quietly manage their diverse holdings - can't see any ego's being stroked here
Just my opinion

327
Off topic / Re: Live chat
« on: March 07, 2017, 11:39:14 am »
Quote from: Orca on March 07, 2017, 11:14:51 am
They sold their IT section and had to delist that part. The 22c share price it is at now is fair value and you will get about 85c per share that you have. If their IT sector was unprofitable it will perhaps be good for the co but I cannot make a call on that as I know nothing about the co.
Orca - the Moneyweb article has a different interpretation on what is happening - the IT is staying within the company and it is this segment which constitutes the share pricing of the share. The financial operations (no idea what they are) have been delisted - hence the dividend payout and will be managed out of the public spotlight. What I did find strange is the fact that there is a private shareholding register of the financial leg of the company - not sure if this was made known to all shareholder - could have been restricted to major shareholders
Those holder of these shares may want to read the Moneyweb article

328
Off topic / Re: Live chat
« on: March 06, 2017, 11:45:52 am »
Per my earlier post I see Texton released audited figures this morning div per share (rebased) up 7% to 47,95 cents but div (actual) per share down 6.9% and net asset value down 2.6%.
I have never been an acquirer of these REITS but surely they must be hurting holders of these investments, especially with the increase in tax on dividend tax and also the poor performance of this class of investment especially since Brexit
I see some have commented that they are taking pain - are you expecting to come out of this ok on the other side especially if your dividend stream diminishes and the price keeps falling as that ultimately will have an impact on future dividends - walnuts in a vice comes to mind.
Also does one wait before investing, as these REITS may buy back units which would improve dividend returns but would take a bunch of cash
Those who use these instruments as a source of continuous income/pension streams may wish to comment so that we understand the pitfalls and benefits in what has become a very volatile world market place   

329
Off topic / Re: Live chat
« on: March 06, 2017, 09:35:56 am »
I see there is an article regarding (Moneyweb) regarding Redefine and the impact of Brexit on its portfolio - to the extent that they are or will be considering their dividend distribution going forward.
There are some on this forum who concentrate on dividends as an income stream - surely this is going to be quite devastating to such investors as you get the double whammy of the reduced dividend but also the share price drop and would be hesitant to sell off the shares
Interested in knowing how the dividend seeks would play this - sell, or hold on - or rely on their overall portfolio to bail them out in the longer term

330
Off topic / Re: My Story as a Seller of Books
« on: March 05, 2017, 11:03:00 pm »
Fawkes85 - you can stop clenching - hold fire I will respond to you in the next day or two - been very wrapped up in Hobby X since Wednesday here in Joburg :LHST:

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