Test your investment savvy on the JSE

[ABCpt]

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?

I would rather have it as two competitions. One for investment as is, and another for Trading.

 

[nakedpeanut]

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.

I agree with this. You should be able to sell a share after a certain period of time. Even 3 months is a good term.

 

[Dolby]

... Dolby blasts though to 4th place in the MyBB group

 

[patrick]

I agree with this. You should be able to sell a share after a certain period of time. Even 3 months is a good term.

SARS rules for an investor states 3 years...

 

[Dolby]

... Dolby blasts though to 4th place in the MyBB group

... into 3rd position!

 

[patrick]

If only I was this good with my real investments
1 Patrick R526355.12 5.27%
2 NakedPeanut R521519.56 4.3%
3 lament R520277.43 4.06%
4 Shi R520055.66 4.01%
5 RMA R519467.11 3.89%
6 Hendrix R518304.13 3.66%
7 robbie R518247.17 3.65%
8 BeatBuffet R517284.94 3.46%
9 Drummer R516796.57 3.36%
10 murzynekZA R516561.38 3.31%

 

[agentrfr]

2 Days and I'm in the black....

You noobs ready to get pruned ?

 

[Noob-Noob]

Ahh, you guys saw, I’m 3rd now, i should have never punted Woolworths...

 

[DTBA]

Ahh, you guys saw, I’m 3rd now, i should have never punted Woolworths...

For now! if my OLD MUTUAL PLC was better Ill be stalking u! haha so unstable!

 

[gregmcc]

If my results are anything to go by I'm never going to get into real share trading!

 

[Shake&Bake]

Oh my Crisis!

From 86 down to 194

African Bank down 11% on me :erm:

 

[ShaunSA]

Oh my Crisis!

From 86 down to 194

African Bank down 11% on me :erm:

Ah the joys of checking your spot on the leaderboards

I take consolation in the fact that Sam is always a zillion places behind me

 

[Shake&Bake]

Ah the joys of checking your spot on the leaderboards

I take consolation in the fact that Sam is always a zillion places behind me

I used to be a half zillion places ahead of him

 

[patrick]

So, here's a list of the top 30 shares and how much people spent on them, also a list of what the top 10 contestants bought, and what the bottom 10 contestants bought:
http://www.shareforum.co.za/shares/so-what-are-people-buying/msg495/#msg495

 

[Sinbad]

Ah the joys of checking your spot on the leaderboards

I take consolation in the fact that Sam is always a zillion places behind me

You and I seem to be pretty close in rating most of the time...

 

[patrick]

MyBB as a group has finally moved into the black:
Rank Group name Ave. Net Worth Created by

1 Re: New Topic R503414.4 sh33p
2 MyBroadband R500001.97 Krypt0n1te
3 GF.A R496720.21 Fudzy
4 Ungrouped members R496127.11 Admin
5 Hogan Grads R495948.42 HappyOne
6 The Wild Dog Cartel R495023.04 SuperVan

 

[Lordpiet]

Stupid African Bank dropped me from 9th place in group to 38 :wtf:

 

[Sinbad]

FFS.
ANG ANGLOGOLD ASHANTI LTD 500 17750 16744 -6.01% R83720 16.89%

 

[Noob-Noob]

if i had 100k i would buy into Sibanye Gold Limited, 18% down, cant go much lower than this

 

[gregmcc]

if i had 100k i would buy into Sibanye Gold Limited, 18% down, cant go much lower than this

I bought it last month and now its 18% down