Recommendation regarding EE and ec10

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far2000

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Hi all.. So i got abit of money to investvin Ee. 20k to b exact.
I was thinking of dumping 5k on EC10 Now while its at its lowest. And the balance if 15k on some good stocks that would be on an upworth trend by next yeR some time. Looking to take advantage of this Bear market for short term gains... Can wait a year or 2 to cash out.
What shares do u guys recommended.
Im looking at purple, sibanye, thungela, grindrod. What do othwrs think.
Ca u guys giveme your 6 recommended stocks u would buy at this time with 15k.
 
SauRoNZA said:
Maybe invest in yourself And learn to type words out in full and use proper punctuation before you start going down the road of playing on the stock market.

It will get you much further in life.
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sorry about that. laptop keyboard buttons not working so, using a mini keyboard which is a real pain in the cheeks. unfortunately too late for me in investing myself thats why looking for advice where i can still do some good. any advice u can give on the topic i would really appreciate....still have the old mxit fingers...
 
From the other thread:
far2000 said:
So i took a DA loan recently for 55k, repayments are killer as im paying 2k pm over 5years, like 27%interest.
Click to expand...

Don't even think of buying EC10 until the loan is settled. You’re risking a lot with no guarantee of beating 27%.
 
somewhat related, but not really ... this latest crash and the strong correlation across all tokens reminded me yet again I don't believe there's any value in owning a crypto bundle as opposed to just straight up BTC

need to sell all my EC10 someday soon and just buy BTC with it instead
 
3WA said:
From the other thread:


Don't even think of buying EC10 until the loan is settled. You’re risking a lot with no guarantee of beating 27%.
Click to expand...
That was the initial plan. But got caught up with the excitement of making some quick money by taking advantage of the low price of shares now before the uptick....
 
far2000 said:
That was the initial plan. But got caught up with the excitement of making some quick money by taking advantage of the low price of shares now before the uptick....
Click to expand...
Don't get caught up in excitement. Pay down unsecured debt and then build up emergency fund before you start looking for wild trades. Last time life threw an emergency at you, you had to take out a loan at an extortionate rate (it happens…).

Next time, be ready with low/no debt and cash in the bank.
 
Speedster said:
Gambling with funds borrowed at 27%? Sounds like a recipe for disaster to me.
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No, thst was used for an emergency. The 20k is some of the savings i made over the last few month's and just looking for best place to place the funds
 
3WA said:
Don't get caught up in excitement. Pay down unsecured debt and then build up emergency fund before you start looking for wild trades. Last time life threw an emergency at you, you had to take out a loan at an extortionate rate (it happens…).

Next time, be ready with low/no debt and cash in the bank.
Click to expand...
Thanx for the advice brother, makes sense....
 
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far2000 said:
No, thst was used for an emergency. The 20k is some of the savings i made over the last few month's and just looking for best place to place the funds
Click to expand...
Here's a little free financial nugget for you - if you have any debt, everything you buy is on debt (opportunity cost principle). Best place to place the funds is in the loan
 
3WA said:
Don't get caught up in excitement. Pay down unsecured debt and then build up emergency fund before you start looking for wild trades. Last time life threw an emergency at you, you had to take out a loan at an extortionate rate (it happens…).

Next time, be ready with low/no debt and cash in the bank.
Click to expand...
Thanx for the advice brother, makes sense
Speedster said:
Here's a little free financial nugget for you - if you have any debt, everything you buy is on debt (opportunity cost principle). Best place to place the funds is in the loan
Click to expand...
... I understand......
 
I feel like this podcast will do you a world of good.

Ignore the US info the rest is pretty sound.

open.spotify.com

The Ramsey Show

Podcast · Ramsey Network · The Ramsey Show believes you can build wealth and take control of your life—no matter what stupid mistakes you've made with money. Join as Dave Ramsey and his team of experts answer your questions on the top problems holding you back. Listen now or ask your question...
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far2000 said:
That was the initial plan. But got caught up with the excitement of making some quick money by taking advantage of the low price of shares now before the uptick....
Click to expand...
You dont have the money to gamble on this.

As others have said you owe money and on one of the ABSOLUTE worst % 27% is almost loan shark level pay that first before doing ANYTHING
 
This kinda question

Im looking at purple, sibanye, thungela, grindrod. What do othwrs think.
Ca u guys giveme your 6 recommended stocks u would buy at this time with 15k.

IS VERY DANGEROUS STAY AWAY from single stocks unless you know what you doing not a "hot tip" from a forumite, get a basket of diversified shares.
 
Lets pretend OP had no debt and 200K in savings.
What would your replies be then ? What would you do with that 20K ?
 
e4et said:
Lets pretend OP had no debt and 200K in savings.
What would your replies be then ? What would you do with that 20K ?
Click to expand...
No debt? You have a home loan pay that first.

It depends from person to persons risk appetite.

Some my advise crypto, I would say stick to eth and BTC.

Maybe stock up on some USD

R20k isnt "that much" so you may as well throw it after crypto

Realistically speaking 20K at 10% is 2k a year, R166 a month
 
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