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Messages - gcr

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391
Off topic / Re: Live chat
« on: November 09, 2016, 01:16:33 pm »
Kinda disappointed that shares didn't fall more.
Why - my shares were devalued by R 102,000 on opening this morning and the Rand pulled back all of 44 cents

392
Shares / Re: Dischem
« on: November 09, 2016, 01:14:31 pm »
To be honest this has all the makings of a pump and dump stock. If you did not get shares in the initial offering (pre-listing) you may find yourself buying some expensive shares and someone else making a nice profit from you buying their shares.

Give it a little while to settle and let the market determine the value and what future earnings they will build into the price.
+1

393
Off topic / Re: Live chat
« on: November 09, 2016, 11:03:37 am »
So now that Donald has gotten into the White House a whole new lexicon of words will start cropping up:-

$ Donald trumped Hillary
$ Donald came up trumps again
$ Donald is good at trumpeting his own trump (et)
$ are Donalds daughters trump or (s) trumpets

there will be many more :LHST:

394
Off topic / Re: Live chat
« on: November 07, 2016, 04:11:35 pm »
Normally to become and advocate you have to do some serious studying, have to take articles, and practice as an attorney before you are admitted to the bar. Clear shaun the sheep went to the wrong bar and the bar man gave him a cheap advocaats certificate. The justice system seems to have overlooked checking out his qualification because the types of errors he has made would not be stand even a candidate attorney in god stead - if fact they would probably be fired

395
Off topic / Re: Live chat
« on: November 04, 2016, 04:36:17 pm »
If you read Wikipedia it makes for interesting reading she has legal degrees and has been awarded doctorates. She was part of the team that drafted the constitution and. She was a member of the SA Law Commission from 2007 until being made PP. So I think she knows her way around the law and the constitution. So in reality Zuma has to appoint a commission within 30 days, but, can't appoint the presiding judge that has to be appointed by the chief justice. I doubt that Zuma will contest this as the Con Court has already ruled that Zuma has not upheld the constitution.
She has proven to be a very clever lady whilst PP and certainly know the lie of the land

396
Off topic / Re: Live chat
« on: November 04, 2016, 03:21:26 pm »
lol - or cry . South Africa prosecutor says probe on Gordhan's role in 'spy unit' advanced
Isn't this just crazy - and not one MP had the gumption to ask Abrahams when he is re instituting the 783 charges against Zuma - and he says he is not captured - boet this guy is in a straight jwcket

397
Off topic / Re: Live chat
« on: November 02, 2016, 04:39:10 pm »
Thuli - has proven to be one clever lady. Her remedial action (Con Court has already ruled that these action have the full force of all court levels) calls for the establishment of a commission of enquiry set up by the president within 30 days and the chief justice of the country is to appoint the judge, and that judge is to appoint their own team of investigators. Remedial action is to be reported to the new PP periodically (she will be require to release this info into the public space). So she has hog tied Zuma and the new PP - very clever lady indeed

398
Patrick - good article if viewed entirely on a theoretical plane, as it advocates a discipline of saving as a prerequisite to wealth creation, an element missing is "how to bake the cake" now that you have gotten all the ingredients.
This is my opinion so testing its authenticity is open to differing interpretations
$ It presupposes that you are skilled in choosing shares to invest in
$ buying shares at a rate of R31 per day would result in extraordinary broker costs - so one would have to make a decision on frequency of purchase - may have to be monthly (my broker charges me a minimum of R 97.50 when buying shares - which escalates upwards depending on the amount of the purchase)
$ having chosen a counter one would need to diversify ones portfolio to get the benefit of swings and roundabouts in the various sectors
$ starting with a small but growing portfolio it would takes some years before you could negotiate with your broker to waive monthly charges over and above brokers fees
$ If after a few years you wanted to diversify your portfolio further you would trigger a CGT event on any sales of scrip to diversify the portfolio and applicable brokers costs to boot
$ there are life cycle events that may divert you monthly attempt at saving in other directions like, kids, kids schooling, varsity fee, possible retrenchment, medical ailments which affect income generation.

So there is nothing wrong with the dream but one has to be aware that there are many events along the path that will test your resolve to save, but provided you acknowledge these deviations and then make contingencies to get back on track you will not likely meet your goals - however another point on goals - commit them to writing and review them often and amend when required to keep them relevant so that you ultimate goal is achieved.

I had some harsh objectives which were, educated my kids through to and including varsity level, getting them out of the house and standing on their own feet before I got to age 48 so that between 48 and 65 I could set aside a lot more savings funds for investing in the JSE. Also your optimum years of earning are probably from 45 to about 52 then your company starts looking at you as a substantial cost and would look to offering early retirement.
All my work llfe I had wanted to retire at 55, but the pension fund that the company provided penalized you if you retired before age 58 and I wasn't prepared to lose 5% of my pension, so I retired at 58.

Some lessons learnt over the years - life insurance policies with profits actually proved to be inferior products, RA's only benefited the companies providing the product - if I had my youth over again I would have avoided these product like the plague. My pension can only be described as more than good, but, I still have a large portfolio of shares which I manage and will always manage unless I get senile, this portfolio is where I concentrate on growing my wealth - my expectation and focus is to achieve upwards of 20% per annum growth in its value - which  have achieved since 2005 even through the 2007/2008 shambles

So as I said you article is good but it needs to meld the practical application of realising your end goal - its not a case of throwing a dart into the dart board and hoping for a trip 20 it takes application, practice - in investing parlance setting specific milestones

As I said at outset many of my notations above are my opinions plus some personal experiences - my way of creating wealth will work for everyone but the important thing is you need to put in place a plan, and review it frequently and reset the milestones when aberrations occur               

399
Shares / Re: ADAPT IT
« on: October 27, 2016, 10:22:05 am »
My all time favourite is Alert Steel - bought R 21,597's worth and now worth R 3,724 and you can't trade them. But oh well will have to use them as a means of reducing my CGT assessment in the future  :LHST:

400
Off topic / Re: Live chat
« on: October 25, 2016, 12:39:26 pm »
Hey jaDEB - such colourful language - what time do you start taking your juice :LHST:

401
Off topic / Re: Live chat
« on: October 25, 2016, 09:52:14 am »
Journalists are sensationalists these days, a 1% drop is a market crash sometimes as well

I would counter that financial journalists have been sensationalists for a good many years - ever since they found words and phrases like stella;shoot the lights out; surged; free fall; eye watering; fell off a cliff; and a host of other phrases and words. My interaction with journalist whilst still employed was not so much the article but the headline was the all catching consideration. Unfortunately its not the stories that captive the audience it's the audacious headlines. However rest assured that the really pithy and eye catching headlines are still reserved for politics - after all headlines sell newspapers/magazines

402
Shares / Re: How is your portfolio doing?
« on: October 22, 2016, 09:11:14 pm »
My portfolio dropped by - .44%
Best performer Adaptit +2.3%
Poorest performer Taste - 3.7%
but then most of my retail stores (non food) dropped whereas food retailers all showed improverents

New shares added this week Rolfes (+/- R 40,000 worth)
No shares sold

403
Shares / Re: What do you think of proposed township stock exchange?
« on: October 21, 2016, 02:16:10 pm »
Wonder what's wrong with the good old Stokvel

404
Off topic / Re: Live chat
« on: October 20, 2016, 10:46:45 am »
I had the same problem. It was intermittent though, so you just have to keep trying.
+1

405
Off topic / Re: Live chat
« on: October 17, 2016, 06:22:42 pm »

Howa of Oak Bay resigns - citing ill health

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