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Messages - gcr

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571
Shares / Re: STXIND vs DIVTRX
« on: December 13, 2015, 11:54:19 pm »
This is my view on the SA Stock Exchange:-
That foreigners will continue to sell out of the market and the local fund managers will hold off buying these local shares thus suppressing and dropping the JSE share prices.
Foreigners could lose one of two ways or both:-
If they hold onto their shares in companies who are internationally diversified they will see the share prices drop and thus lose a capital gain and exit the market. They could also decide to ride it out take the capital knock, see earning improve in foreign terms which will improve dividend returns, but will lose heavily if they wish to repatriate their dividends back to their foreign state.

So I do think that foreigners will continue to exit the SA market slowly and ahead of the announcements next year of junk status for the country - I think the first announcement is around March next year, just after the Budget speech which should be a real financial disaster for the country 

572
Off topic / Re: Live chat
« on: December 11, 2015, 12:16:57 pm »
Quote from: Fanus on December 11, 2015, 12:07:50 pm
What is scary is that it's across almost every type of share.  Mass exodus. If I had a crystal ball about who the sellers are then it would provide great insight about who Zuma pissed off so much (excluding us)
Whats even more scary I bought up a parcel of about 3000 ARI at round about R 55 all in and have been selling off at the R 41 mark as I don't believe the share is going to go anywhere soon. What must be very debilitating for Patrice Mosepe is that he has seen his wealth fall dramatically - share price has had a high of R 132.54 and now stands at R 39.90 - but I suppose easy come easy go

573
Off topic / Re: Live chat
« on: December 11, 2015, 11:55:23 am »
Quote from: Fanus on December 11, 2015, 11:49:36 am
I think this is the best lesson on why you need diversify your portfolio across the globe.  Time to visit the Gold broker.
Well even with a diversified portfolio (22 counters) I have taken a massive hit - only 2 bright lights (for me) at the moment and that is DBXWD and Santova. Compared to last month my portfolio is down almost half a bar

574
Off topic / Re: Live chat
« on: December 11, 2015, 11:37:04 am »
Patrick - I was wrong about the window dressing by the U/T fund managers - not much that can stand in the way of a bazuma bazooka.
 I will have to re assess when I sell my U/T's but it looks like 1st or 2nd quarter next year

575
Off topic / Re: Live chat
« on: December 10, 2015, 09:47:35 am »
We really need to embrace zuma's decision after all it is Christmas soon and that in itself conjures up some interesting images in my mind
zuma is like the fairy on the top of the tree - al shiny and bright standing atop a dying tree, filled with all sorts of baubles (his cabinet) and fairy lights which flash relentless for the fairy atop the tree.
Thank goodness the tree is taken down at some stage after the Christmas celebration - now its a case of the "Anc must fall" after all they have failed dismally
zuma and his merry hatchet men are real live wrecking balls - and in the other corner you have juju with his conker - hoping that he can grow a pair like the despicable president of SA

576
Off topic / Re: Live chat
« on: December 09, 2015, 09:52:31 pm »
So a Red one (van Rooyen) replaces a a No No one (Nene)
At least van Rooyen has a bunch or certificates and no qualifications so should do a sterling job - after all he is as qualified as that idiot at SABC

577
Off topic / Re: Live chat
« on: December 08, 2015, 01:59:05 pm »
Trying to convince Juju to buy up Lonmin stock so that he can own part of the mining infrastructure that he so desperately wants, but, he is saying he wants it for free  :LHST:

578
Off topic / Re: Retirement annuity - what's the consensus?
« on: December 08, 2015, 09:28:13 am »
You also need to look at the fees that you will be hit with should you decide to extend the "life" of your RA. I had what was called an old order RA which I took out at age 32 and contributed until age 55, then extended the life of it to age 60 and then to age 65 - fees were levied to extend the life each time. When I wanted to extend to age 70 the fees would have gone up by a further 4.5% so I had it converted to a LA with the regulatory minimum draw down of 2.5%. Two things I have learnt about RA's - the fees were/are exceedingly high and the internal rate of return is pretty pedestrian. If ETF were available 36 years ago I would definitely have gone that route, the old order RA's were/are an absolute cash cow for the insurance company peddlers
Supposedly the new order RA's are better but would I advocate them - no not really because in 30 years time one may well find that there are some serious deficiencies with them, as there have been with the old order products

579
Shares / Re: Replace individual shares with ETF's?
« on: December 02, 2015, 04:24:04 pm »
Quote from: Mr_Dividend on December 02, 2015, 03:58:00 pm
Don't rush to do anything and keep in mind any taxes and/or tax breaks (R30K CGT allowance). Personally I would start slowly backing out of the resources and buy your ETF's. But I would keep a fair amount of those stocks - NPN, CCO, ITU, MDC, MMI, OML, SAB, SHF, WHL and probably SOL. Sold my MTN - but basically because I felt the dividend was threatened - if you happy with not getting a divi for a year  might be worth keeping them. But don't just sell the lot - there some good shares in there.
Agree - don't rush in and sell. You can also down the road look at some that you are likely to sustain a loss use them to your advantage for tax purposes - so look to selling after this tax year (Feb 2016)

580
Off topic / Re: Live chat
« on: December 02, 2015, 09:41:30 am »
www.moneyweb.co.za/investing/in-ten-years-40-of-the-top-40-has-changed/#

581
Off topic / Re: Live chat
« on: December 02, 2015, 09:05:59 am »
Interesting article this morning on Moneyweb "In 10 years, 40% of the Top 40 has changed" Very interesting to see who dropped out of the Top 40 and who came in - resources seem to have taken a beating second to none

582
Off topic / Re: Live chat
« on: November 28, 2015, 01:21:34 pm »
Quote from: Patrick on November 27, 2015, 10:39:45 am
Yes, apparently. Pity I'm not moving my money out of my unit trust today, I could have saved a few grand...

Patrick - if your U/T has a year end of December annually maybe you should not move your funds out until the last 2 days of December. Watch the price and when it just about peeks then sell - you will find that most fund managers do extensive window dressing just prior to the U/T's year end. The returns on my U/T are dismal so I too will be selling off my units and investing directly into the market, where I can get a better return. I am prepared to take the knock in terms of CGT, dividends and interest   

583
Off topic / Re: Investment Analysis and portfolio management course
« on: November 25, 2015, 11:23:57 am »
Maybe communicate directly with the JSE and seek from them what's on offer. You may have to map out what you want to "study" so that they can best advise you

584
Off topic / Re: Live chat
« on: November 14, 2015, 02:36:16 pm »
Patrick - not sure how you are handling the Taste rights issue as there was a 1:4 allocation. Some holder of these shares could conceivably overdraw their accounts as the rights price was R 3 per share >:D

585
Off topic / Live chat
« on: November 13, 2015, 09:55:25 am »
In my portfolio MPC is showing a zero value - why?

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