856
Shares / Re: Today's Outlook
« on: November 12, 2013, 02:35:46 pm »
Yup and the Rand looks like it is on a spiral to the bottom of the well 10.426 to the $ - quite pathetic
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857
Shares / Re: Devastating market crash. When ?
« on: November 06, 2013, 10:20:58 pm »
I have tagged this info onto this thread merely because I couldn't find a suitable alternative.
I record highs for the ALSI and the Top 40 and mainly the all time highs, but I don't sit on my computer constantly from 9.00 a.m. to 5.00 p.m. but I do spend a fair bit of time every day on my brokers site.
Today the ALSI closed at 46192.91 (this was not the intraday high, I did not see that figure) and the Top 40 41367.23 (also not the intraday or all time high). However what is important to me is checking how the indices have grown over the last few months.
ALSI Top 40
2/1/2013 40061.75 35630.85
11/3/2013 41011.83 36515.31
31/5/2013 42016.45 37599.86
24/6/2013 38076
16/8/2013 43042.11 38623.63
19/9/2013 44284.57 39705.32
22/10/2013 45357.81 40544.23
6/11/2013 46192.91 41367.23
Both index's have grown substantially and one wonders how far it can still go - we are well into the November to February period which seems to be a better performing period for our exchange even though volumes are very thin in December once schools are closed and the trades close down for Christmas. Should be an interesting few months going forward - a correcting of about 5% would to my mind be healthy just before Christmas
I record highs for the ALSI and the Top 40 and mainly the all time highs, but I don't sit on my computer constantly from 9.00 a.m. to 5.00 p.m. but I do spend a fair bit of time every day on my brokers site.
Today the ALSI closed at 46192.91 (this was not the intraday high, I did not see that figure) and the Top 40 41367.23 (also not the intraday or all time high). However what is important to me is checking how the indices have grown over the last few months.
ALSI Top 40
2/1/2013 40061.75 35630.85
11/3/2013 41011.83 36515.31
31/5/2013 42016.45 37599.86
24/6/2013 38076
16/8/2013 43042.11 38623.63
19/9/2013 44284.57 39705.32
22/10/2013 45357.81 40544.23
6/11/2013 46192.91 41367.23
Both index's have grown substantially and one wonders how far it can still go - we are well into the November to February period which seems to be a better performing period for our exchange even though volumes are very thin in December once schools are closed and the trades close down for Christmas. Should be an interesting few months going forward - a correcting of about 5% would to my mind be healthy just before Christmas
858
Off topic / Re: Selling my shop woes.
« on: November 06, 2013, 10:20:11 am »This Monday 2 guys pitched up with a suitcase full of money. They wanted the business asap.Orca - were they Nigerians
I sent them to the landlord for his approval and he phoned me yesterday saying that he cannot give them the lease as they have no accounts and no credit history.
859
Off topic / Re: retiring early
« on: November 06, 2013, 08:24:42 am »
I get the sharenet daily report and Barry Hugo (Seed Capital) has a very interesting graph and narrative about retiring and what to do with your retirement investment. Those close to retiring on this forum may wish to read the article
860
The Investor Challenge / Re: Best portfolio
« on: November 05, 2013, 11:08:40 am »
On a personal portfolio level I rarely buy a counter which would make up more than 10% of the overall portfolio value - that is the cost of acquiring the shares and not it's current value. Example Mr Price is 8.92% of portfolios cost but currently it is 12.2% of present day value. Also tend to spend no more than 2 - 3% of portfolio cost on risky shares like Alert Steel and Poynting in my real portfolio
Just my strategy
Just my strategy
861
The Investor Challenge / Re: investor challenge
« on: November 04, 2013, 10:24:04 pm »Whats the chance GFI bring out a good report on the 20th, I am really doing some bad investing hereKeep with GFI and you can use it in 2 ways (presuming you have it in your private portfolio as I do - 4000) you can hold and wait for the price to improve - and I do believe that it will as most of their assets are offshore these days. Use it as part of your tax rebate on CGT when you sell in a particular tax year. Also if you hold shares in your private name/nominees get to the AGM and vote Nic Holland out of his position
862
Shares / Re: SAtrixindi
« on: November 04, 2013, 10:17:37 pm »Orca - your intention is to invest for the future, however market conditions change and as such SARS should be appreciative of this aspect. I believe that if you sold 50% of your holdings in CML and showed it as CGT in your tax return you would not be harshly treated (I am presuming that SARs has some intelligent people within the organization who could see what you are trying to achieve is a long term strategy of wealth creation) but you would need to deal this matter on a case by case basis. The difficulty is that SARS only let you interface with keyboard jockey's when you visit there offices what you need to do is get to the upper level of management where you may encounter some intelligent life form, its a ball ache but if it saves you money it is worth fighting forTo get tax relief, one has to hold the shares for at least 3 years. No matter how good the stock might look now and it's future prospects for further growth, a time will come when it stops performing or tanks. This mostly happens before the 3 years are up and you are forced to make adjustments. You will be extremely lucky if all your stocks keep going up for 3 years. Almost half of your gains will go to tax. That is a waste of your time and money.
For that very reason I would just go for the Indi and chuck it in the bottom drawer.
1-Am I correct in assuming this advice is for someone who has no knowledge at all in investing in stocks aka me?Or is this just general info?
2-By "adjustments" do you mean selling?
3-This may be a silly question, Is there a small chance that the INDI will plateau in value in under 3 years?
Also,what is the price of the INDI per share right now?I still haven't figured out my interface as yet.
General info boet. I cannot see ALL my stocks surviving for 3 years without some major pullback. So I would rather go for the steady sustained gains with the Indi than go for the 130 percenters pa and have a major pullback and cannot sell due to the moerse gains made.
Point in question is my CML. Last bought at R24 and now at R82. Only held for 1.5 years and have R1.5M in it now. How much tax will I have to pay if I sell on a pullback to R60? At 40% tax, it is not worth it.
Holding on to STXIND that so far seems sustainable as it has been over many years albeit at 30% pa will be a better bet as you can hold it for the 3 year thing and pay very much less tax if you sell.
As much as I want to sell and buy the Indi, I cannot due to tax. I am stuck with CML.
I hate paying tax.
864
The Investor Challenge / Re: investor challenge
« on: November 04, 2013, 09:52:57 am »
Patrick - do you have a problem with your prices - GFI has reflected a price of 46.01 for some time now?
865
The Investor Challenge / Re: investor challenge
« on: October 31, 2013, 03:36:58 pm »
Just a warning to people who have buying/selling orders in the market. The JSE is upgrading its trading engine over the weekend 9th and 10th November and according to my brokers all orders outstanding past these dates will be terminated on 8th November and if you want to extend them for a further period you will have to replace these orders on Monday 11th November
866
Shares / Re: Share growth comparison and timeframes
« on: October 25, 2013, 01:14:28 pm »Or you can hold off making any decisions unto Sunday 2nd November and get the Sunday Times Top 100 companies annual review. Then look at companies who have performed well over the last 3/5/10 yearsOrca Im keen to learn how you pick those stocks. Would you mind sharing your stock picking strategy?Eish. You put me in a spot now. I might get shouted at and I don't want you to loose your money.
In short. Look for stocks that have a good past performance like the one that jaDEB posted above. Then read through the SENS to find out what's been happening. Read their website. If you're satisfied that the fundamentals and prospects are good for the continuance of that trend then buy it.
Don't look for stocks that are trending too high as you will land up with an ELI. CML is a case in point.
This has done me well since 2009.
For added safety, make sure the PE ratio is good for long term.
867
Shares / Re: TKG Telkom Group
« on: October 24, 2013, 11:08:15 pm »
Insider trading is exceedingly difficult to prove and prosecute - if this happened during a closed period then there could be a case. However the right people signed off his transaction so they could be considered collusive. Interesting to see whether this goes
868
Shares / Re: Share growth comparison and timeframes
« on: October 24, 2013, 09:12:46 am »Mostly I try to go for the underdog with potential, hoping to catch them on their way back up, risky but good when you get it right.I agree that it is an acceptable strategy - has worked for me with Barlows, BHP Billiton, Clicks, Mr Price and Massmart and Woolworths. Just sitting waiting for my Goldfields and Vodacom to improve and get me into the green stuff
869
The Investor Challenge / Re: investor challenge
« on: October 23, 2013, 10:21:21 pm »As long as you consistently make more than what you put in (after brokers & tax), then you're okay in my book.Agree
870
Off topic / Re: Selling my shop woes.
« on: October 23, 2013, 06:02:20 pm »Turns out that the guys that made the offer don't have all the cash. Offered me 50% upfront and the rest over 6 months. Quite tempted but need to think what can go wrong.Ensure that there are strict conditions and penalties around payments, any breach and if court action is the result then all legal fees yours and theirs are for their account. Also suggest you put in a clause that any improvements made are foregone if the financial arrangements are not met timeously. May also want to consider thing like electricity bills and water need to be met monthly and that any outstandings are for the purchasers account, - I presume the property is not to be registered in their names until all financial conditions are met. If you know someone in the commercial property business who buys and sells buildings/shops it may be worthwhile going through one of their sales contracts, take this information to your lawyer - after all he/she will only follow your instructions and will very seldom venture information - good luck
I've had it on the market for 6 months and this is the first offer and I discounted it by 20%.
If I do sell it to them, I will get a contract drawn up by a lawyer that states that if it has not been fully paid in 6 months it will revert back to me.
Any ideas on what can go wrong or what else should I do?