Share Forum - Discuss JSE shares and join the Investor Challenge

Yozzi - With present investments and pension my income is sufficient to meet all my needs. However I don't take funds out of my trading account (which is 75% of my investments) so these funds are not used to support my lifestyle - all dividends are used to purchase shares and when I can afford it I put more funds into my trading account by juggling my current account, card accounts, and bond account. My dividends run about at about R35,000 p.m. thanks to the government now taking 15% divi tax. So in essence my share portfolio grows annually based on how well my portfolio performs - however that is wealth based on a paper value as I am still holding the shares in the portfolio. What I am alluding to is at present day value I can afford most of my wants, but extend my longevity to age 80 and I don't know whether I will be in the same position I am now, somehow I don't think so, I could for example get below CPI increases on my pension and that shortfall would need to be made up somehow, so I am happy to take 18% increase in portfolio value, but aim for + 20% so that CGT and other taxes don't take too much of my available funds and don't force me into selling off capital to survive
Hope this explains my views on how much is enough 

This is my personal opinion so you need to read it as such:-
When you pay capital away it is very difficult to build it up again as one always finds an excuse not to have the discipline of refunding the capital.
You have been paying off your bakkie since 2010 so you are pretty used to making this commitment every month, and your interest rate is below prime so you are alright there.
I would invest the R 70k in the stock exchange but maybe into a satrix type investment but not all of the funds in one hit unless you believe the market is going to go only in an upward direction( brave if you believe this as the market is very volatile), maybe what you need to do is pick 2 satrix investments and then enter the market and any dips below this figure you buy more (suggest initially R 10 k per fund).
You can address you bakkies debt differently as well - you could ramp up you monthly repayments to pay the debt off sooner, and once settled use this monthly commitment to enter the stock exchange but potentially buying shares as opposed to satrix type instruments. Whilst this is going on in the background, familiarise yourself with the mechanics of the stock exchange, attend free seminars, and courses if you can and broader your knowledge of our exchange.
There could be an issue with your installment credit in the sense that some institutions want you to renegotiate the deal if you want to change the monthly premium or pay off a balloon payment early but you would need to have a conversation with them to see whether they will waive the cost of changing/amending the terms and conditions. I am about to buy a new car and I have gained the institutions agreement that when I have spare cash I can address the early repayment of the balloon payment, or have the monthly premium adjusted downwards by introducing a cash payment or can address both items simultaneously should I so wish with no additional costs by redrawing the installment agreement.
As I said at the beginning this is my opinion, and, how I would address your situation, as I am a strong believer in not diverting capital to pay off debt especially where you have become acclimatised to monthly commitments         

Abil has a serious problem - they need to raise R 5 bill. with Ellerines in their portfolio. Now if they would unload the furniture business for R 4 bill.
 then they would still need to go to the market. However once they get rid of Ellerines chances are they will be taken over (supposedly OMSA could be interested), to my mind I can's see the reasoning for them to buy as they thoroughly cocked up Peoples Bank when it was in their stable. Maybe the PIC should take it over on behalf of the trade unions then they can give cheap loans and all the time in the world for customers to repay their debt. I would think having been in banking that taking over a lemon like Abil could be hugely cash absorbing and a great deal of hard work to put disciplines in place especially with credit extension. This will take years to bed down and at the end of the day one may well ask the question was it worth

Patrick not sure what your response means
This was an otc operation and PSG brought it to market as the JSE was/is terminating all otc share dealings. Its is 62% PSG Financial Services held which is a sub of PSG Holdings

JaDEB - maybe you should write an article as to how you managed to go from the top of the tree down to position 321 in the shortest space in time, com'n its got to something more significant than just buying high and selling low - there has got to be class in there somewhere - so be a good chap and share your model

Oh dear. Never ends. Now we need return tickets to get Euros from Bidvest. We need some cash while travelling but can't get any. FNB needs two days to figure out how to open their vault before they can give us some Euros.
No time left so will have to rely on the swipe method to pay and hope that our bank will not yet have blocked it.

Also, we have been told that my wife needs "Apostilled" Marriage Certificate and Police Clearance to get residence in Europe.
We are so stressed out with all the red tape that we are now sorry that we ever got into this Emigrating thing.

To make matters worse, we will have to go through so much paper work in Portugal to get residecia.
Too late to go back as we have nothing here anymore.

Orca please check out whether your cards are compatible with overseas ATM machines. Here in SA we work on a 4 and 5 pin number, but in Europe I think they only work on a 4 pin number. You don't need to end up phoning your local bank to release funds to you overseas, because not only is it expensive but it could also take ages. You may want to gift your kids some funds ex SA so that they can draw funds for you as required until you know the banking system over there

Heheh no sorry, can't make it  - Durbanville, Cape Town!

Will check tonight as to whether they run such a session in CT - I know they do in Durban. Will post results once to hand