Stock Picks - Darlings and Dogs

[e4et]

So what should I do with the S&P500 in my tfsa ?
Would it be better to move it to something else, or ride this pending doom ?

 

[Galactica]

Yeah, very weird...but we are barely two weeks into the new year.

https://twitter.com/i/web/status/1481505137340428296

Woo hoo go JSE!

 

[cr@zydude]

So what should I do with the S&P500 in my tfsa ?
Would it be better to move it to something else, or ride this pending doom ?

S&P 500 ETFs usually have the lowest TER. I'm just going to hold mine.

# Not financial advice

 

[The_Right_Honourable_Brit]

So what should I do with the S&P500 in my tfsa ?
Would it be better to move it to something else, or ride this pending doom ?

Nah, keep it for now.

 

[Merlin]

What's the general consensus regarding Steinhoff at present? Is it worth taking a shorter term punt, given the recent positive news and gains?

 

[Kornhub]

Apparently they have a lot of projects lined up so I put in R2000 on easy equities (I can't put in more right now)

Master drilling group

 

[Kornhub]

This is what I have so far.

 

[Kornhub]

Sorry think I posted this in the wrong thread

 

[Galactica]

What's the general consensus regarding Steinhoff at present? Is it worth taking a shorter term punt, given the recent positive news and gains?

Worth taking a long term punt.

 

[InvisibleJim]

Wooooo Sasol

Through the 300 mark!

 

[W@P]

Wooooo Sasol

Through the 300 mark!

Was just going to say the same. I'm up 88%

 

[InvisibleJim]

Was just going to say the same. I'm up 88%

I'm on 159% - I had some before the price crashed and then picked up more at R40 something so my average purchase price is R120.

Not going to sell yet though. I think it has more legs and I can be patient.

 

[The_Right_Honourable_Brit]

Rookie numbers...

 

[InvisibleJim]

Rookie numbers...

View attachment 1229042

Just out of interest, what will be your criteria to sell? I always find the selling decision harder to make than the buying one.

 

[JPSTORM]

Rookie numbers...

View attachment 1229042

I see you and I raise you...

 

[zerocool2009]

I would sell R40k a year (exempt from cgt)

 

[The_Right_Honourable_Brit]

Just out of interest, what will be your criteria to sell? I always find the selling decision harder to make than the buying one.

I was going to sell @ R250, but then my friend reminded me that if I sell before 3 years is up, it is taxed using income tax rates rather than the CGT rate (which is lower). So I will only consider selling in March 2023. I would probably sell now if I wasn't under this restriction. However, I am rather excited (for Sasol, not my personal petrol expenses) about the market reports I'm reading that oil prices will remain high this year.

 

[saturnz]

oil price will hit $150

 

[The_Right_Honourable_Brit]

oil price will hit $150

Just read a column (will link it here tomorrow) that $300 per barrel is not outside the realms of possibility.

 

[Creag]

So, pile into Sasol then or at least have something in oil.