Financial management vs. going it alone

Snyper564 said:
Why does everyone seem to miss the time horizon here.
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Because OP didn't only ask for advice in the short term, but a way to invest for himself going forward.

That's why I recommended the IB account so he could take that to wherever he's emigrating to.

You are not wrong with your advice in the short-term, but OP is also looking for investment advice as a whole. It's right there in the thread title.
 
r4nd0m said:
Because OP didn't only ask for advice in the short term, but a way to invest for himself going forward.

That's why I recommended the IB account so he could take that to wherever he's emigrating to.

You are not wrong with your advice in the short-term, but OP is also looking for investment advice as a whole. It's right there in the thread title.
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Gotcha.

But let me add this if op still plan on buying a house etc and thats on mortgage every cent should be there first. Once paid off then invest otherwise all your investments are essentially funded by debt.
 
Snyper, I have no insight into the upper echelons of the companies I choose to trade in. It's speculative based on my view. I've worked for many companies that I wouldn't touch with a barge pole.

I do have plans to buy an asset on the other side, for which I will require the bulk of my savings, including much of that currently invested in taxable shares.

Between my Money Market account and my shares, I'm banking on the prudent diversification being reasonably safe. I've fared OK, given the tumultuous global situation. Others, including those managed by experts, are reflecting very poorly by comparison.

I have begun further diversifying my equity spread, and am now looking at ETFs to further buffer me.

It took a lot of work to get to this point. I have little intent of gambling with my savings against crazy odds.
 
Merlin said:
Snyper, I have no insight into the upper echelons of the companies I choose to trade in. It's speculative based on my view. I've worked for many companies that I wouldn't touch with a barge pole.
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Not being privy to the upper echelons really doesn’t matter:
“for which I have personally worked, and thus have a fair insight into the inner workings of” suggests that you’re playing with fire. It’s also not up to you to decide what insight you do or don’t have when under legal investigation.

Several people at my old company were arrested, charged and convicted for this. The offenses ranged from someone buying options for the first time ever before a big market move to an employee’s brother buying shares because of what he heard from his sibling.

The above is US based, and I don’t know how well this is policed in SA, but the risk is seldom worth the upside. My last employer would be in “blackout windows” most of the time where nobody in the firm was allowed to buy stocks in them or their competitors. When not in a blackout window, we still had to observe insider policies, which meant that pretty much nobody bought company shares at their own discretion, since even information that you didn’t read, but was hidden in an email, or in a meeting you skipped could be construed salient.
 
cguy said:
Not being privy to the upper echelons really doesn’t matter:
“for which I have personally worked, and thus have a fair insight into the inner workings of” suggests that you’re playing with fire. It’s also not up to you to decide what insight you do or don’t have when under legal investigation.

Several people at my old company were arrested, charged and convicted for this. The offenses ranged from someone buying options for the first time ever before a big market move to an employee’s brother buying shares because of what he heard from his sibling.

The above is US based, and I don’t know how well this is policed in SA, but the risk is seldom worth the upside. My last employer would be in “blackout windows” most of the time where nobody in the firm was allowed to buy stocks in them or their competitors. When not in a blackout window, we still had to observe insider policies, which meant that pretty much nobody bought company shares at their own discretion, since even information that you didn’t read, but was hidden in an email, or in a meeting you skipped could be construed salient.
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T H I S @Merlin
 
Noted. Thank you. I will review my portfolio.

For the record, I am not in management or executive positions at any firms.

I have no insight into, influence upon or involvement with strategy, decision-making, executive plans, etc. at any firms.

Nevertheless, I will heed your advice.
 
zerocool2009 said:
What I do, I buy 5000 of shares in equity firms. Spot undervalued firm and buy into them

I also have a bulk of ETF’s (playing it safe).

So far I am on R100 000 dividends for the year.

Some you spot right, some not. Dont keep money in a savings account with a low interest rate. You can do much better!

Great to see you have a tfsa as well!
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Just a question on the equity firms, could you share some to consider and/or how to go about accessing this investment type ?

Heard a few people mention this, but never understood how to go about it.
 
One thing I learned in the last 15 years, you pay a fee, you must select what funds, and if it does bad its still all on you (as in your risk).

I am totally solo, as in doing my own thing, no brokers needed!

So far I am doing actually bloody ok!
 
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