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General Category => Shares => Topic started by: joeman on July 25, 2016, 03:49:41 pm

Title: Traders Corner
Post by: joeman on July 25, 2016, 03:49:41 pm

Garth MacKenzie has this show on Tuesday's at 8:30PM on BDay Tv. He trades his 250K over a year and donates all profits to charity. He's done extremely well over the years.

Returns he's made:
2009: 25.5%
2010: 9.4%
2011: 20.5%
2012: 53.8%
2013: 52.4%
2014: 42.6%
2015: 42.5%

I'm not a trader, just an investor. And I know Patrick is huge on ETF's which I am too. But I'm curious to find out if are there any known news of traders who are genuinely and consistently successful?

Garth is a disciplined beast at this and although his YTD 2016 performance is lower than previous years he has still done immensely well and consistently so but he's the only one I've heard of. I'm wondering if there are more?

Title: Re: Traders Corner
Post by: Orca on July 25, 2016, 04:13:35 pm

I don't know where you got those numbers from but Garth started Traders Corner circa 2012 after he left Imara to go solo.
I used to trade his tips at Imara but never made any real money as the tips were always "after the fact" as if they were hypothetical trades.

Title: Re: Traders Corner
Post by: joeman on July 25, 2016, 04:23:12 pm

Watch this: http://www.traderscorner.co.za/multimedia_archive.php?recid=213. Only 15 minutes long.

Title: Re: Traders Corner
Post by: Orca on July 25, 2016, 06:48:07 pm

I have stated before even on this forum that Garth is a great trader if not the best in SA. He must have started his TV series as Traders Corner long before he started his own business and created his website of the same name.
The reason I said that his trades seemed hypothetical is that I received his emails long after the fact. He acted immediately to what his charts showed. I could not.

One must also take into account that every trade attracts Income Tax at nearly half of your gains. This is another reason why I stopped. So you can deduct about 40% of your gains as business profit if you are in the high tax bracket.

 

Title: Re: Traders Corner
Post by: Mr_Dividend on July 25, 2016, 08:59:19 pm

Although I am very, VERY far away from having this 40% (now 41% i think) "problem" - I would rather loose it through making a trading profit than think for every 100hrs worked, 41 of those hours I essentially worked for the government. My tax though, is laughably low. Divi tax and vat are the big ones.  Firstly  :D


then a bit  :(