Satrix - people still using them?

ocleroux said:
Ok fine...its not up to scratch. Dont change the fact its all I can do really....and that aint gonna change. At least I am trying something.
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I agree with you. The Satrix Divi is lower risk than individual shares. Your return however is diluted by the other shares that are not performing as well.

You don't need big bucks to buy individual shares. You can buy one share if you like. R28.00

Due to the fees involved, you should spend at least R10,000 per transaction.

You do however need the balls to take the risk, and the knowledge of which are the correct shares at the correct time, and when to sell.

If you want to fire and forget, Satrix is a better bet.
 
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ocleroux said:
Ok fine...its not up to scratch. Dont change the fact its all I can do really....and that aint gonna change. At least I am trying something.
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Ignore marco, he's being a dick. You've made a start, good on you. :-)
 
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whats the main difference between etfsa and satrix?in terms of ease of use, pricing etc
 
ETF's are Exchange Traded Funds. Mostly issued by ABSA and can be bought on the JSE through any broker. They give you exposure to Gold in ZAR as one cannot buy gold. They have just started with Platinum, Silver etc. Not for newbees though. Medium term investment for those that sit on the computer all day reading financial news and studying graphs, like me.
 
Did you know that Coronation Fund Managers (CML) manage funds for Foord and Alan Gray?

Coronation Fund Managers Ltd is one of Southern Africa's most successful third-party fund management companies. It is a pure fund management business which offers both individual and institutional investors access to local and global expertise across all asset classes, including specialist Global Emerging Markets, Africa and Private Equity units.

http://www.sharenet.co.za/v3/quickshare.php?scode=CML

Most Fund managers have AVI and CML in their portfolios. This includes some STX funds like the SATRIX DIV. Very high paying Divs. especially so with CML as their profits are not needed for Capex. No machinery to replace like Sasol etc.

AVI is a defensive stock and we all need to eat even in a financial turmoil.

Look at the link above and then click on CHARTS - Technical. Choose 1 to 2 year time frame. Now where do you get better results over time like these 2?

I have been posting my results monthly at www.sharechat.co.za under "Good Dog Shares"
 
Marco u should be their mascot. I see cml was a bit static this week. Time to buy? Avi has been busy though.
 
Now think of it this way. You buy STXDIV and dump off those shares that are keeping it from moving more than 7%PA. You now left with 2 super performing shares that have returns of above 240% over 2 years. Once the markets are back to normal you will be at over 100% PA WITHOUT dividends. Reinvest the divs and we talking 130%+ PA.
Some will say "Too risky". I say STX is very much more risky medium term as it follows the market trend and the market is very volatile at the moment.
CML and AVI are not as volatile as the rest of the market. We are all expecting a market correction very soon and it may begin tomorrow. A -10% is expected over a very short period. These 2 shares might at best go up or at worst drop 4%. If the JSE falls 10% then STX will follow. Not these 2.
I started small and added what I could and made good profits over the years. No more trading for me. Now investing long term.
 
akescpt said:
Marco u should be their mascot. I see cml was a bit static this week. Time to buy? Avi has been busy though.
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The JSE has dropped by 1.8% over the past month and CML has climbed over 3%. AVI has been flat.
CML was 2850 at start of month and is now 2870 so I would wait for a -1% drop if you short term or get in now if you long term. AVI is a recommended BUY at this price from my brokers. Always buy at the dips. This is why bank stop orders monthly for STX suck. You might be buying on a peak and loosing out big time over a long term.
http://www.sharenet.co.za/charts/index.php?load=STXDIV
Now look at this. Only 33 deals done on Friday. This ETF is very slow. Volumes are just too thin to get in or out at a good price.
The price is 199c and a lone buyer wanting to buy shares at 198c and a seller that wants to sell at 204c. So if you want to buy you will pay 204c for it. Work out the percentage. Looking at that graph it will drop to 198c soon enough.
Volumes are just too low for me and it is a Penny Share. A 10c drop equates to a large percentage.
 
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marco said:
Oh well, I tried but you guys can stick to your Mickey Mouse 7% PA if that makes you happy. My investments that are very safe, gives a return of 65%PA and has been doing so for years. So we all happy now that inflation eats up the 7%. Yahooo.
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I just did some sums, 15% return on Satrix DIVI so far for the 14 months I've been in it if I sold it today.
 
supersunbird said:
I just did some sums, 15% return on Satrix DIVI so far for the 14 months I've been in it if I sold it today.
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So that's about 13.5% PA as at Friday. It is a Penny Share and could drop 10c on Monday and you back to ground zero.
You cannot sell it today at that price. You can only sell it at the price the BUYER is offering. That will be lower than the quoted price.
This is the big problem with Penny Shares. Volumes are low and the spread is high. What I mean by this is:
There were only 33 trades on Friday. This is low compared to the average of 1500 done on the Top 40. These are very tradable as the Spread is in very low. By spread I mean the Buy/SELL diffs is perhaps 1c and this happens rapidly and the share moves. With Penny Stocks that are very slow, the Spread is large. The Buy/Sell price diffs is large. Taken together with the low price, the percentage is magnified. You buy R3K now and at days end you have R2.5K left.
 
Out of interest. Who owns the shares on Satrix? Do I own the actual shares in lets say Vodacom or does Satrix own it on my behalf kind of thing?
 
ocleroux said:
Out of interest. Who owns the shares on Satrix? Do I own the actual shares in lets say Vodacom or does Satrix own it on my behalf kind of thing?
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It's the same as a unit trust.
You own units, they;re not going to give you the individual shares is you ask for them.
 
Yay...got my login activated...and what do I see?....They took their fee already. *sigh*

Well, now to try and forget about it and just let it do its thing I guess.

Tnx for the advice guys.
 
the fee is tiny :p Is yours a once off, or monthly?

If it makes you feel better, I cancelled my ABSA RA contributions last year Aug, they've grown R7,000 since then (on R70,000 odd, so its 10%) :p
 
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