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DTBA
Expert Member
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- Nov 27, 2011
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- 4,791
same here my stuff stuck, I spend 100K yesterday and all stuck on 0%
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Test your investment savvy on the JSE
- Thread starter patrick
- Start date
Sinbad
Honorary Master
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- Jun 5, 2006
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- 81,152
Yesterday was a public holiday, and trading only starts at 9:30 IIRC.
gregmcc
Honorary Master
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- Jun 29, 2006
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DTBA
Expert Member
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- Nov 27, 2011
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@Sinbad - you are correct - things started moving again at 9:30.
What's going on with Sibanye shares - its dropped 15% already, and dropped 4% in just the last 30 mins. Are the strikes on again?
haha what is your nic on the investor forum?
I'm just looking at the leaders' shares and investing in those
Did that last time around. Thats how I ended up with Vodacom shares, which are currently 5% below were I bought them.
DTBA
Expert Member
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- Nov 27, 2011
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- 4,791
gmccarthy - I'm at -7%
shame man
I am staying away from mines with the strikes and all that ****!
DTBA
Expert Member
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- Nov 27, 2011
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- 4,791
haha :/ finweek is a nice place to check out shares
Shake&Bake
Party Liaison
- Joined
- Jan 19, 2007
- Messages
- 22,254
In the mid 80's now.
Lonmin and Anglo PLC dragging me down though.
Lonmin and Anglo PLC dragging me down though.
Noob-Noob
Executive Member
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- Feb 1, 2010
- Messages
- 7,030
DJ would have been able to explain this much beter, but basically how i understand it is, buy low, sell high
So look the bottom guys, look at what shares they have and buy them, chances are they won’t go much lower
Unfortunately we can’t sell high, so we have to hope for steady growth, all honesty this is not a game worth looking at every day, you have 1 day to play your shares, and that’s that. Guys buying into big growing corporations should do good, maybe not good day to day, but month to month is another story
If we could actually sell shares, that will blow this game out of the water!
So look the bottom guys, look at what shares they have and buy them, chances are they won’t go much lower
Unfortunately we can’t sell high, so we have to hope for steady growth, all honesty this is not a game worth looking at every day, you have 1 day to play your shares, and that’s that. Guys buying into big growing corporations should do good, maybe not good day to day, but month to month is another story
If we could actually sell shares, that will blow this game out of the water!
Just a quick correction. You can buy shares at any time. You could even stay in cash for the whole year if you like.
Then a question. Should we allow selling of shares? At the moment the plan for next year is to be able to dump losing shares, but no profit taking, in keeping with SARS regulations as to what investors could do.
If we allowed selling shares at any price, that would change the game from an investment game to a trading game. So we could possibly allow it, but penalise traders by an amount, say 20% as they would likely have to pay far more in taxes compared to an investor. Or we could keep two leaderboards, one for traders, and another for investors.
One of the reasons for the game was investor education. Everyone could be a reasonable investor on the stock market, even if you just bought ETFs you'd out do the banks in the longer term. Trading is not for the faint hearted, and you could potentially lose everything.
I'm looking for suggestions here... Anyone?
Sinbad
Honorary Master
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- Jun 5, 2006
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- 81,152
Allow people to trade, but increase the brokerage on each trade. Leave sars/tax out of it, that will just complicate things.
Cius
Executive Member
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- Jan 20, 2009
- Messages
- 8,347
Investing does occasionally require selling, but only long term. I would make it so that you can't sell a share in under 3 months. Makes people look for the long term investments. There are plenty of trading games and that is essentially gambling. Much prefer it to stay investing as its closer to what investing is. I invest and in the 5 years I have been doing it I have only ever bought. I have never sold.