Share Forum - Discuss JSE shares and join the Investor Challenge

Comments relating to the new blog post "Those $%@#$^ fees are blatantly robbing you".

http://www.investorchallenge.co.za/those-fees-are-blatantly-robbing-you/

Nice one Patrick. It amazes me how easy it can be if one just sat down and did some simple calculations on how much that shiny new stuff is actually costing them as well as on the fee's on the investments.

BTW, apparently there's a way to transfer your STX fund to the likes of another broker before Satrix charges you their annual admin fee then transfer it back again to benefit from their low transaction charges.

True, I'm with ABSA so it's R800 a year, but if I trade 5 times a year it's free. Interestingly, the minimum trade charge is R120, so 5 trades would be R600 not R800. If I find I haven't traded in a year I'll just buy 5 penny shares and save myself R200

"I’d rather not be a gambling man so I’m going to give this a miss personally." - as quoted from the blog.

I have a different perception that may make it easier to take risks.

Gambling is merely risk vs. reward, and so is everything in life.  There are good gambles and there are bad gambles.  A good gamble is when the reward is greater than the risk.  A bad gamble is vice versa.  If you perform good gambles consistently in life then statistically you should be better off for it Easy!

How do you turn an investment or trade into a good gamble?  Risk analysis.  Do the fundamental and the technical.   And practice it so that your ability to spot the good and the bad improves.  Then it only becomes logical to pursue those gambles - in fact you'd be silly not to. 

Climbing in your car to go to work is a gamble