Financial Advice

Im not in the industry at all (im in IT support), so layman in this and teaching myself and investing so I can be totally financially independent at age 55. Not be in my dad or Marcos position (which he is attempting to correct, which is admirable). Lots of what DJ says wooshes over my head, but that doesn't stop me from seeing that Marco is advising on things he doesn't even clearly understand, and also advising in investing in a single market segment and asset class, very little diversification at all.
 
supersunbird said:
Im not in the industry at all (im in IT support), so layman in this and teaching myself and investing so I can be totally financially independent at age 55. Not be in my dad or Marcos position (which he is attempting to correct, which is admirable). Lots of what DJ says wooshes over my head, but that doesn't stop me from seeing that Marco is advising on things he doesn't even clearly understand, and also advising in investing in a single market segment and asset class, very little diversification at all.
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This is the same guy who last year was advising people against investing in any fund. This is the same guy suggesting in his first post in this thread that the OP put his money in Satrix and then "wait for the dip". It's like listening to a 6 year old explain quantum mechanics. The same guy who told us that he's been a successful trader for many years, yet in his first post in this thread (again), says he wishes he'd read ShareChat a year ago and he'd have been able to retire.

I mean really now, this marco thing needs to have his keyboard removed permanently...
 
supersunbird said:
Im not in the industry at all (im in IT support), so layman in this and teaching myself and investing so I can be totally financially independent at age 55. Not be in my dad or Marcos position (which he is attempting to correct, which is admirable). Lots of what DJ says wooshes over my head, but that doesn't stop me from seeing that Marco is advising on things he doesn't even clearly understand, and also advising in investing in a single market segment and asset class, very little diversification at all.
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Yup, i havent been in these types of threads very long, only really started pouncing them the last couple years which was brought on by my studies and the fact that i want to save and be financially independent before im 55. I studied accounting(honours) at varsity and we do a bit of finance. So i do know a bit of the technical stuff but im still not confident enough to give to many comments!

Macro always seems to jump in and cause the train to fall off the tracks... Then he goes on about how he has got XX% p.a. and that you can do it to, without failing to realise that's not what is being disputed.

Anyhow there is some good info in the thread so the OP can sift through it and im sure he will learn something and hopefully do some more reasearch!
 
DJ... said:
This is the same guy who last year was advising people against investing in any fund. This is the same guy suggesting in his first post in this thread that the OP put his money in Satrix and then "wait for the dip". It's like listening to a 6 year old explain quantum mechanics. The same guy who told us that he's been a successful trader for many years, yet in his first post in this thread (again), says he wishes he'd read ShareChat a year ago and he'd have been able to retire.

I mean really now, this marco thing needs to have his keyboard removed permanently...
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Last years punt was CML and AVI i remember that pretty clearly ;) At least his money is in a fund now so its not only relying on two shares.
 
Freaksta said:
Yup, i havent been in these types of threads very long, only really started pouncing them the last couple years which was brought on by my studies and the fact that i want to save and be financially independent before im 55. I studied accounting(honours) at varsity and we do a bit of finance. So i do know a bit of the technical stuff but im still not confident enough to give to many comments!

Macro always seems to jump in and cause the train to fall off the tracks... Then he goes on about how he has got XX% p.a. and that you can do it to, without failing to realise that's not what is being disputed.

Anyhow there is some good info in the thread so the OP can sift through it and im sure he will learn something and hopefully do some more reasearch!
Click to expand...

Problem is that with marco, 50% of what he says is true, and the other 50% is dangerous tripe. It's kinda like taking a blind person to a zebra-crossing and them kicking them in front of an oncoming bus...
 
Freaksta said:
Last years punt was CML and AVI i remember that pretty clearly ;) At least his money is in a fund now so its not only relying on two shares.
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And he's also the guy who reckons that people steer clear of volatility, yet punts stocks that can move 100 points on any given day...
 
I am impressed, having bucks at your age and not wanting to use them anytime soon.

For how long do you want to invest the money for? say 12 months, 5 years etc. If its long term say one year to five years you can go the route of investing with the JSE, or Allan Gray. Invest in the top 40 for now. You obviously need some program that will assist you as others have mentioned, i.e. some technical analysis software Standard Bank has that.

For now invest dont trade on shares, only at a later stage thats when you cn start trading when you have gained knowlegde and the expertise.

When you invest in the JSE, don't put all your eggs in one basket but for you I think you can only split your into half, i.e. put say 12K in one company and 12K in another company.

Stay away from CDF and forex for now, and even in future I think.

Finally research more
 
Yip, steer clear of leveraged trades and trading on margin entirely for the time being. You can look at them later down the line...
 
DJ... said:
Yip, steer clear of leveraged trades and trading on margin entirely for the time being. You can look at them later down the line...
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Agreed.

Those leverage thingys should only be used by investment professionals using other peoples money.
 
DJ... said:
There are currency hedging benefits but the currency correlation is not pure. You'd understand this if you understood arbitrage. If so, as you imply, there would be no price fluctuation. If your nonsense was true then there'd be no market for it whatsoever and it would make sense for Absa to simply sponsor a currency derivative product. There are various advantages to investing in debentures that clearly you do not understand, especially in terms of portfolio management. You cannot continue promoting your strategy as the be-all and end-all and all others or other investments to be inferior or unworthy.

You really do not have a grasp of how the markets work and in particular, you have no idea the best instrument for a random individual on the internet. Stop pretending you do, and stop punting bullschit...
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Total nonsense DJ. You have the gift of the gab that I don't. Do you agree that gold was a safe investment that gained when equities were dropping years ago then it changed. It started acting like an equity and dropping and climbing with equities. A complete turnaround. Now it is unsure if it is Gold or an equity.
So rather stay away from gold.
I traded gold and Newgold for years but have now stopped as it is unpredictable.
And DJ. Stop using lingo that only you understand here. Financial lingo has terms that most people won't understand.
 
Bundu said:
yeah, from what I've gathered, it's always a situation where marco posts and his 'advice', whatever it is, get's shot down - he seems to have been very successful following his own advice (perhaps not always technically correct, but nonetheless)

Why don't one of you guys open a thread where you and marco can punt certain 'buys' at a specific time and we have our own MyBB share competition?
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I wish. Will take DJ on. Not trading but investing. I'm done with trading. Too much stress.
 
Stops skirting the issue Marco... do you now know how index funds/etfs work or do you still think they are managed funds?

Yes, investing is good, trading is for the brave.
 
marco said:
Total nonsense DJ. You have the gift of the gab that I don't. Do you agree that gold was a safe investment that gained when equities were dropping years ago then it changed. It started acting like an equity and dropping and climbing with equities. A complete turnaround. Now it is unsure if it is Gold or an equity.
So rather stay away from gold.
I traded gold and Newgold for years but have now stopped as it is unpredictable.
And DJ. Stop using lingo that only you understand here. Financial lingo has terms that most people won't understand.
Click to expand...

What the actual fsck?!

Firstly, gold and equities are not correlated to the degree you're proposing. There is somewhat of an inverse correlation with gold and equities, but the intensity of the correlation fluctuates to such a degree that it can be in no way considered a stable correlation. A simple rollover correlation against any index will show you this.

Secondly, gold doesn't know if it's an equity or gold?! Really now, what on earth are you going on about?!

Thirdly, you're once again advising people on where to put their money. Based on schit assumptions on your part. Stop it! Gold is a natural hedge against many instruments and is perfectly safe for certain types of investors, depending on their portfolio. Stop it with the marco-moronity.

Fourthly, please explain to me how you could trade gold (actual bullion)? Please explain this. You didn't trade physical bullion.

Fifthly, you do not trade Newgold. It is not a trading instrument. If anything, it is a hedging or long-term investment instrument. It is not a trading instrument. There's not even a fscking spread on Newgold.

Now marco, stop talking schit and steer clear of financial threads. This has been going on for too many years now. Piss off...
 
DJ... said:
Because marco gets involved. This didn't happen back when marco avoided financial threads. People step in to correct him because of the dangerous advice he gives. It is not on...
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What advice did I give? I thought I stopped giving advice. Was it not perhaps long ago when I suggested CML? If so, it would have made you gains of 90%+ over the past year.
 
DJ... said:
What the actual fsck?!

Firstly, gold and equities are not correlated to the degree you're proposing. There is somewhat of an inverse correlation with gold and equities, but the intensity of the correlation fluctuates to such a degree that it can be in no way considered a stable correlation. A simple rollover correlation against any index will show you this.

Secondly, gold doesn't know if it's an equity or gold?! Really now, what on earth are you going on about?!

Thirdly, you're once again advising people on where to put their money. Based on schit assumptions on your part. Stop it! Gold is a natural hedge against many instruments and is perfectly safe for certain types of investors, depending on their portfolio. Stop it with the marco-moronity.

Fourthly, please explain to me how you could trade gold (actual bullion)? Please explain this. You didn't trade physical bullion.

Fifthly, you do not trade Newgold. It is not a trading instrument. If anything, it is a hedging or long-term investment instrument. It is not a trading instrument. There's not even a fscking spread on Newgold.

Now marco, stop talking schit and steer clear of financial threads. This has been going on for too many years now. Piss off...
Click to expand...

Sheezus man!!!
How many times does Marco still have to tell you to stop using financial lingo that he does not understand.

You're never going to get through to the oke like that.

Try to dum things down a bit.
 
DJ... said:
What the actual fsck?!

Firstly, gold and equities are not correlated to the degree you're proposing. There is somewhat of an inverse correlation with gold and equities, but the intensity of the correlation fluctuates to such a degree that it can be in no way considered a stable correlation. A simple rollover correlation against any index will show you this.

Secondly, gold doesn't know if it's an equity or gold?! Really now, what on earth are you going on about?!

Thirdly, you're once again advising people on where to put their money. Based on schit assumptions on your part. Stop it! Gold is a natural hedge against many instruments and is perfectly safe for certain types of investors, depending on their portfolio. Stop it with the marco-moronity.

Fourthly, please explain to me how you could trade gold (actual bullion)? Please explain this. You didn't trade physical bullion.

Fifthly, you do not trade Newgold. It is not a trading instrument. If anything, it is a hedging or long-term investment instrument. It is not a trading instrument. There's not even a fscking spread on Newgold.

Now marco, stop talking schit and steer clear of financial threads. This has been going on for too many years now. Piss off...
Click to expand...

I did not trade physical bullion??? I did and lost R150K. That is why I will not buy gold again. Far too unpredictable. I will not go away as much as you want me to. You stuck with me "buddy". Have you not heard of Market Maker Brokers?
 
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