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Messages - santoshlv426

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1
The Investor Challenge / Re: Blog post: The 5% rule that has never failed
« on: August 09, 2018, 12:56:56 pm »
Patrick, the lady on which your post is based sounds an awful lot like "Julia". You guys may have heard her on 702 with Bruce Witfield and Warren Ingram. She's 38, has about R4.7M and her goal is retire at 40 - and I think she's there. already.

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The Investor Challenge / Re: Blog post: How much difference would it make driving a luxury car vs a cheaper c
« on: December 20, 2017, 12:10:56 pm »
Hamster, GCR,
I don't even live in JHB but the warmer northern regions of Centurion and I totally disagree, I use the seat warmers every day (in the mornings)
But the point's made though.
Remeber guys, you can't take it with you - at some point YOU WILL DIE and I for one, want that last cheque to bounce !


Who on this forum want's their hard earned capital to outlive them ?

3
The Investor Challenge / Re: Blog post: How much difference would it make driving a luxury car vs a cheaper c
« on: December 12, 2017, 04:45:57 pm »
Nobody look's at the Empie State Building or Golden Gate bridge and thinks "I wonder how much that cost".
Similarly, when driving a nice, comfortable car for the experience, you don't think about the price and there's no justifying driving a Corolla, or almera when you can afford better and I've experienced that first hand. On a cold winter morning, seat warmers are a necessity, not a luxury.
I don't own a Porsche and doubt I ever will in this lifetime. I"ve made peace with that. I did test drive a Porsche Cayman though and the sound of those gear changes justify buying it, irrespective of cost.

It's an experience in itself and isn't that what life is moving to - Experiences, rather than possessions.
That said, I probably negated my own argument, as now that I've had the Experience of those gear changes, I don't need to actually own it.

4
Shares / Re: Net Worth
« on: June 29, 2017, 12:54:14 pm »
To keep it simple, I'd seek answers to the following

State your...

1. House Value
2. Car Value
3. Outstanding Mortgage and Car Loan.

Asset Net Worth = 1 + 2 - 3

4. Cash
5. Pension/Provident and or RA (Sum it all up)
6. Total investments (Shares, unit trusts, bonds) Value

Net Worth = Asset Net Worth + (4+5+6).

Age
Occupation
Still Working or Retired.

I think not to make it too complex, that should cover it.

5
Shares / Re: Questions on Wealth Management
« on: June 29, 2017, 07:47:04 am »
Patrick
I've had some initial discussions with very well respected and known FA's to date - and all were willing to listen to me and gauge my requirements for a free discussion - no proposal but just and intro, which I expect.
Galileo charges just to introduce oneself - this is my point. I have an E Copy of Warrens first book.
Maybe if someone can post an e copy of the 2nd book, I'll post the 1st book online or we can email.

6
Off topic / Re: Warren Ingrams Book : How to make your first Million
« on: June 29, 2017, 07:34:25 am »
Im aware of that. I heard him speak about it on 702 before launch.
I have a copy of the first book in e format.
If anyone's willing to swop books in e format or other please let me know. Id like to read the 2nd book and in exchange will mail you a copy of the first book for your or your family's reading.

7
Shares / Re: Net Worth
« on: June 28, 2017, 01:00:17 pm »
I wouldn't work on the published payscale numbers. Clearly many of the guys on this forum for example have 2-5x that of R2M at retirment or more.

@ Joe, that would be great, but it's getting the info - I don't know how to set it up on this site, except viewing the responses and manually collating the data.

If people respond, I'll track collate and we can work together.

8
Off topic / Re: Warren Ingrams Book : How to make your first Million
« on: June 28, 2017, 12:55:46 pm »
As far as I know it's July,
Anyway, if someone happens to catch it, please mail or PM me. I'd like to get the podcast,

9
Shares / Re: Net Worth
« on: June 27, 2017, 04:47:18 pm »
Will put us to shame !

10
Off topic / Re: Warren Ingrams Book : How to make your first Million
« on: June 27, 2017, 04:18:09 pm »
yeah, I picked up that article on Moneyweb, hence the question on the book, did it really differ that much from the article ?

Also, for those listening to 702 Money Show, when is "Superstar Saver Julia" - warren's prodigy and the person he refers to in the article, gonna be interviewed again ?

11
Shares / Re: Questions on Wealth Management
« on: June 27, 2017, 03:25:28 pm »
I don't have any portfolio at present. Had some shares and unit trusts, which I cashed in and put the stuff in a money market as I needed access.
Then I looked at getting a FA to invest it for income and while seeking advice had a myriad of opinions. And from listening to all the business show's ect, started thinking about these questions - oh and reading this forum trying to gain some idea's also prompted the questions, however, the financial situation of the forum members is totally diffent.

12
Off topic / Warren Ingrams Book : How to make your first Million
« on: June 27, 2017, 02:56:30 pm »
Has anyone read this book and can give some comments ?
any reviews done ?

13
Shares / Net Worth
« on: June 27, 2017, 02:55:29 pm »
There's a lot of info on this forum, with each person or couple in a unique financial space. I'd start a survey  if I knew how, but I would like to suggest that we - anonymously - survey Net Worth vs. Age & Occupation.

For someone like myself, 40 years old and have been unemployed for 2 years now, my Net worth is nearing a figure not worth mentioning.

But if my situation was anything normal, where should I be in terms of Net worth in relation to my age group ?

Or maybe a few replies to this post would be good and give us seeking similar advice an idea

14
Shares / Questions on Wealth Management
« on: June 27, 2017, 02:50:54 pm »
Can the guys on the forum comments, advise on this question.

Do you manage (ie. invest in shares, mutual funds, property, cash) on your own or have appointed either a Financial Advisor, or a Wealth Manager ?

If the latter two, which are the best Wealth Manager's for individuals (or families) depending on the size of the portfolio.

A WM for example, told me that he considers anyone with a Net Worth of +R5M a high net worth - do you agree ?

There's a couple of WM's around e.g. Brenthurst, Stonehage, Rosebank Wealth Group, Maitland, Galileo Capital, Citadel.

Which are best depending on the size of the portfolio ?

R0 - R1M,
R1M - R3M
R3M - R5M
R5M - R7M
R7M - R10M
R+10M


Any experience as to what makes a WM stand out, ie. is it the service, or moving funds around and is it worth the fees that they charge,

At what point would one typically transition from a financial advisor to a Wealth Management company ? Some WM's are preapared to talk as an intro, but some e.g. Galileo Capital will charge R1500 just for an initial chat - and that's without providing any advice ! Crazy.

Thanks guys
Santosh

15
Off topic / Live chat
« on: January 04, 2016, 08:51:05 am »
I'm browsing through the investor challenge results etc. Is this real money and shares that you guys own ??

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