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Shares / Re: Gold & Gold Shares
« on: April 30, 2013, 05:40:36 pm »
SGL at R8.50, it just does not make sense.
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You must realize that fund managers are restricted by the FSB to be more conservative to protect the investors. The average is about 20% if the markets allow.
If you cannot do that then I suggest Satrix Ind. Does about 30%pa. It has been proven over time that Equities gain the most.
Most guys here except jaDEB have been doing 50 to 80% pa.
Not bragging but I am pleased with my 60%.
I agree 100%, but also note that Bil did hit R300 - in Feb and I bought today at R253. Thus just hanging there while we have a recovery, then I will get back into CML, thus please keep an eye on it during my absence.