Stock Watch [Disclaimer: "by non-registered amateurs"]

[xrapidx]

My shares really did crappy last year... but its mostly ETFs... starting to wonder if its worth cashing in and putting the money overseas, or my bond to see if things are going to get better.

 

[johnjm]

Which Allan gray offering did you use to get off shore exposure?

One if their orbis funds. There is also a partnership with investec for one of their USD funds

 

[Swa]

For me personally, I believe in taking out risk that increased over the last month alone. The rating agencies will determine if you investments are good or not if or when they downgrade to junk status. If that happens then nothing is a good investment.

And the ratings agencies have been so good at determining how good a company fares? I prefer to look at real metrics like our economy.

 

[Barfish88]

ACL up 25% today

 

[johnjm]

And the ratings agencies have been so good at determining how good a company fares? I prefer to look at real metrics like our economy.

lol

 

[whatwhat]

Stock Watch [Disclaimer: "by non-registered amateurs"]

Orbis is offshore in USD. I think it's closed to new entrants though, not sure. You can also open bank accounts in USD, GBP, etc. through FNB https://www.fnb.co.za/travel-products/global-acc.html and thus, the other banks probably also have similar offering.

Chances are the banks will ream you when converting, but if held long-term this should be mitigated.

FNB global is ok, you get to keep the money in whatever currency you pick and it shows in your bank account (like the cheque or ebucks or credit card). You can transfer from/in it like a normal inter account transfer.

I also have a FNB channel islands account, which is a full UK bank account. It also has its own debit card that you get, however you get nailed on charges if you use it for non-GBP withdrawals.

 

[Hamster]

FNB global is ok, you get to keep the money in whatever currency you pick and it shows in your bank account (like the cheque or ebucks or credit card). You can transfer from/in it like a normal inter account transfer.

I also have a FNB channel islands account, which is a full UK bank account. It also has its own debit card that you get, however you get nailed on charges if you use it for non-GBP withdrawals.

Global only gives 0.4% interest for USD though :/

What is the channel islands one like?

 

[thehuman]

With the rand at a all time low i see a bad day tomorrow at stock exchange

 

[whatwhat]

Global only gives 0.4% interest for USD though :/

What is the channel islands one like?

https://www.fnbci.co.uk/downloads/fnbGuernsey/pricingGuide/FNBCI_Pricing_Guide.pdf

It's not really great, but then that is the price you pay for a currency that is pretty stable.

 

[Galactica]

With the rand at a all time low i see a bad day tomorrow at stock exchange

Bring it on, looking forward to bargains on some good shares.

 

[Diplos]

Global only gives 0.4% interest for USD though :/

What is the channel islands one like?

As I mentioned in another thread - the rand fell more than 30% last year, so the global account would have spectacularly outperformed any rand account in the world, even at 0.4% interest.

 

[Vegeta]

loosing this fight hand over fist

 

[Hamster]

As I mentioned in another thread - the rand fell more than 30% last year, so the global account would have spectacularly outperformed any rand account in the world, even at 0.4% interest.

Yeah, but if the rand recovers that growth will disappear. We cannot predict the future. 0.4% is pretty pathetic unless we are sure we're in a free fall like ZIM experienced and I doubt we are there.

 

[whatwhat]

As I mentioned in another thread - the rand fell more than 30% last year, so the global account would have spectacularly outperformed any rand account in the world, even at 0.4% interest.

Around 20% in the last 2 months alone.

 

[whatwhat]

Yeah, but if the rand recovers that growth will disappear. We cannot predict the future. 0.4% is pretty pathetic unless we are sure we're in a free fall like ZIM experienced and I doubt we are there.

Like most things in live it's a gamble. But one should also be aware of what is going on and make appropriate changes.

 

[Diplos]

Yeah, but if the rand recovers that growth will disappear. We cannot predict the future. 0.4% is pretty pathetic unless we are sure we're in a free fall like ZIM experienced and I doubt we are there.

You're thinking in terms of our interest rates. The FED rate is 0.5% currently I believe. I have various NatWest (Royal Bank of Scotland) accounts in the UK and the interest rates are very low (see pic). My UK bank accounts, however, have no fees and I'd much rather have GBP or USD in an account at no interest and no fees in the current climate than a local account at 8% interest.

I don't see this changing very soon - we still have the worst drought in 20 years, a baboon for president (and we're stuck with him for a while), a strained electricity grid, rampant poverty, etc.

 

[DeathStrike]

a baboon for president (and we're stuck with him for a while)

Careful can't call jz a baboon. Race card incoming.

 

[Swa]

Careful can't call jz a baboon. Race card incoming.

Yeah someone is going to report it to the mods and human rights commission.

 

[Swa]

Jislaaik man, Capitec is causing me an overall loss.

 

[Swa]

So Curro is also still struggling after the matric results. And someone here was saying private education is a good long term investment...