Newbie needs help - Shares

1. Share trading software
2. Send you a SMS each Monday which give you a list of shares you should invest in for that week when it hits a certain value and also when to sell it when it hits a certain higher value or lower value (with a build in Fail safe model)
3. Now this is where I started having my doubts, he stated that if you place R10,000 in this trading account you will be provided an additional R10 for each rand you put in (In this case R100,000), but they also have a fail safe that if your losses hit R10,000 they bail out to break even with their R100,000 investment. If you do however make a profit they will take 7% commission fees.
4. He stated you don't have to follow their instructions as per the SMS your receive and you can do your own trading if you like.

These guys did it back in 2008 at my prev company.
2. Those are just trade stops. Traders typically have a system/model with their set stop losses and profit points
3. Its a 10:1 geared product. So for every R1 you put in, you are exposed to R10 in the market. They don't bail you out, you get stopped out automatically by the system. Walk away! You'll lose your money fast. Go try out some of the demo accounts for the product and you'll see.
 
Magandroid said:
And me please. I registered with easyequities recently and still playing with the demo money but too scared to put real money into it as I don't know what to look for.
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Exact same boat, have everything ready to go.. but just playing with the Demo account as i have no cooking clue what to invest in and what would be worth it.
 
Shirou said:
Exact same boat, have everything ready to go.. but just playing with the Demo account as i have no cooking clue what to invest in and what would be worth it.
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Whilst the ebook is in progress I think the following two threads might be worth reading, it might give you some direction.

The answer would definitely be ETFs to start out with.

https://www.platinumwealth.co.za/forum/Thread-Advice-needed-for-starting-out-with-ETFs

Some further reading touching a bit of individual stocks as well.

https://www.platinumwealth.co.za/forum/Thread-Long-Term-Investments
 
I am also somewhat of a noob but I will explain the "system" I use to identify individual shares/companies.
1.Identify companies you like or that you think will do good in the future. For this you need to follow financial news, read a bit on blogs like on here, or just pick them at random.
2. Follow their share price. You get some good graphs online that makes it easy to do a quick technical analysis to asstablish the trend. You are looking for something cheap to buy at a low.
3 Fundamentals. Check that the company is making money. Check the P/E ratio to make sure the share isn't to high already.

If you are a complete newbie practice on the demo accounts and familiarise yourself with the financial terminology.
 
Thor very disappointing the company results released thus far. MTN report a R3.1 Billion loss however their shares are up 10% lol

What do you invest in, which shares do you buy?
 
My opinion on shares are simple. There is no way you will become a millionaire in share investment in a 10 - 20 year period. Shares are long-term investments that either grows constantly over a period of a few decades or simply fall flat when a company goes out of business or delist from the stock exchange. So, if you have 10k, 50k or even a 100k to invest per year, by choosing the right investment portfolios, you are able to grow you portfolio to make a couple of million of Rands for your retirement. There is no get rich quick way here.

If you want to get rich quick in shares, join a trading platform that allows you to trade in the share prices. That is where, as with normal forex, millions are made or lost in days.
 
Before buying shares should you first be maxing out you 27.5% retirement fund contributions?
 
RVQ said:
Before buying shares should you first be maxing out you 27.5% retirement fund contributions?
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No. Most retirement funds go to ETF or shares in any case. It depends on the returns you are getting and the liquidity you want.
I don't want my extra money, sort to medium term savings, locked up in my pension fund, but I still want a better than inflation return. I think I can manage my risk better and get better returns.
 
snoopdoggydog said:
Thor very disappointing the company results released thus far. MTN report a R3.1 Billion loss however their shares are up 10% lol

What do you invest in, which shares do you buy?
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Do the fundamentals matter when you can grap a quick 10% and get out again?
lol I don't like most of the top 40.
 
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supersunbird said:
Well, at least be on 20%.

But 27.5% is ideal. Then do the TFSA thing and max that, and then do the discretionary shares and/or ETFs/unit trusts.
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Only if your sole goal is retirement.
 
supersunbird said:
Well, at least be on 20%.

But 27.5% is ideal. Then do the TFSA thing and max that, and then do the discretionary shares and/or ETFs/unit trusts.
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rietrot said:
Only if your sole goal is retirement.
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Don't have any other goal except travel which is covered by the the refund I get from retirement savings.

Guess every here is focusing on making extra money before they hit retirement...
 
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