Share Forum - Discuss JSE shares and join the Investor Challenge

Warren Buffet Buys $1 Billion worth of Apple Stock

So its true - an apple a day keeps the doctor at bay - he will probably live to + 100

Pilot - just a question on your PP in an earlier post you alluded to the tax implications i.e. CGT versus income. In your post more recently you indicate that you should not really be holding resources counters - agree, but if your PP only bought them recently, then, because your original purchases were less than 3 years holdings you would be categorized as a dealer by SARs and as such would end up paying tax at your marginal tax rate - which would have an effect on your profit margins and you could potentially not outperform the Top 40 which you are using as a bench mark

Not trying to torpedo your processes but just trying to understand how it could work effectively for a medium to longer term type of portfolio
Do find these posts fascinating in the sense that if it had a predictive component to it which could (base on histograms) forecast which counter to buy over the next 3 - 6 months
Keep playing with the model because you could potentially come up with a winner
 

Well the Rand just took a dive to 15.08/$ and 17.216 to the Euro and shares down about 1% - been a bitch of a week for shares

This whole saga with fees is not new - if you had what they euphemistically "old order" R.A.s' the same approach was adopted - the fees (and the insurance companies) ran away with a large chunk of your retirement funds. Also they used to charge additional fees when you extended the life of the RA which you could do in 5 year cycles to age 70. Mine I extended twice and each time the fees went up which eroded any capital gains. At age 65 I converted to a LA but not with the insurance company but a competitor and I railed about their poor performance and ethics and they ultimately transferred my LA without levying any transfer fees.
Since that day I have purged myself of any dealing with the main insurance business - no more big greens for me thanks

Pilot - thanks for the clarity that it is a trading portfolio.
Here's a question around the algorithms that you may be using.
Say I want to buy 2,000 Truworths shares, but don't want to buy in one parcel as the price may be a bit too high for liking to make the investment - will you PP give me indicators as to when I should enter the market and at what price which is closely associated to the price I am prepared to pay. You state that it does give price points for potential buys/sell. Thus if it is giving a sell indicator one could then put in a purchase order at a price close to your deflection point and at a later stage it then shows a reversal to a higher price you can adjust your buy order to buy "on the turn"

Just fantasizing here a bit as to whether you "system" could be used even for medium/long term purchases where you dribble your funds into the market (being mindful of broker costs) and get the total 2000 shares over an extended period

As a for instance - bought some more Santova but have had my buy order on for about 5 weeks but only today did it match my bid price, also sometimes I place orders at two or more different bid prices to fill my orders - some call it the falling knife principle.
 

Quote from: Hamster on April 19, 2016, 08:24:43 am

My two big issues with EE:
 - how long will they be able to sustain their cheap pricing
 - the site looks like Candy Crush Saga and those little blocks don't give me the overviews I want. I need a damn table on that site

Haha yeah it does look like a game. That's actually one of the reason I recommend it to people new to the market. Have you ever tried to explain how ABSA stockbrokers/FNB etc work to an older family member or colleague?

I'd like it to have live pricing though. If they up their rates, I'll just move.

Patrick - why aren't you getting live pricing. Maybe you should ask what the criteria are for you to qualify for live pricing, also raise the question around how many transaction a month are required to ensure you have no monthly "holding costs" for keeping your scrip with your broker. It seems that companies work on the principle today that unless you ask for the cheapest rates they won't bother to notify you.
So as Nike says - Just do it

'Gold will soar 700% in near future': Economist claims precious metal set for $10k an ounce as cyber-criminals hack into digital wealth

Some extracts, but read it all...

Quote

He cites hacking, cyber warfare and terrorism as the biggest threats to digital wealth, which is how most money is now held.

He points to the case in Bangladesh last month which saw $80million stolen from its central bank – and he thinks this type of fraud could become more prevalent in the coming years.

Quote

'Vladimir Putin has a 6,000-member cyber brigade working night and day to destroy, disrupt and erase digital wealth.

'So how many billionaires do you say "what do you have, stocks, bonds?" No you don't, you have electrons. Putin can wipe those out. The thing about gold, you can't hack it, you can't erase it, you can't delete it. It's tangible.'

Mr Rickards didn't reveal on the programme where he has gathered information that Mr Putin does have a cyber-army of hackers.

If this dude is for real we are deep in it. 

Maybe this guy needs to be introduced to Clive Roffey - he's the best Gold bull I know