Test your investment savvy on the JSE

[tp3to]

This could be fun.

My name one leader board is Dviance.

Good Luck to all, I took a chance and spend everything. . .already have a 0.5 % loss lol

 

[ShaunSA]

There's a couple of reasons for that. Firstly Fudzy is still holding loads of cash, he still has R311k unspent, so even though he lost money, he only lost some. You on the other hand have spent just about everything, so your shares losses will affect you more. But that's what the site is all about. Learning

Next month you'll have more cash to spend. One other mistake you made was buying in small values. As trading accounts generally have a minimum fee, in this case R120 (the same as absa stockbrokers), buying anything under R30k worth of shares will mean your fees are very high. To show you how that affects you, imagine buying just 10 shares of Netcare at R19.80 each. Your share cost would actually be ((10 x R19.80) + R120)/10 = R31.80, meaning even if this shares gains 33% (highly unlikely) you'll barely break even.

That's why individuals can't buy shares every month. They just don't have R30k to spend, and also why I think investment clubs are a good way forward, hence the motive of the site.

Ah. Must admit I had noticed Fudzy was keeping his bucks in the bank.

But I had nfi on the fees bit though

I actually thought I was being wise and spreading my bets

 

[patrick]

This could be fun.

My name one leader board is Dviance.

Good Luck to all, I took a chance and spend everything. . .already have a 0.5 % loss lol

0.4% of that loss is just fees, so you're only slightly down...

Is there a prize for the winner?

Maybe we'll get lucky and some financial company will decide to sponsor in exchange for a logo/banner, but for now, just brownie points. Or as my teacher used to say, the real price is the education

 

[Bundu]

I might have missed it, but does one earn interest on the cash balance?

 

[Bundu]

Probably won't get more than 1% from a broker.

Buy RMBINF if you want something interest bearing.

no, I was actually thinking in terms of this thread - at ABSA stockbrokers I get about 3.6% interest on the balance of my broking account

 

[Pooky]

Cool thing

 

[patrick]

There's a few suspended shares that you may want to remove from the universe.

Here's a list.

ShareCode ShortName
1TM 1TIME
AGI AGI
ALM ALLIANCE
ARD ARDOR
ATR ACTOWERS
BNT BONATLA
CMA COMMAND
CRW CORWIL
DBAGL8 DB STAGL8
DBEXX2 DBSTEXX2
DLP1 DORBYL 5,5%P
DLV DORBYL
DLVP DORBYL 5%P
FRT FARITEC
FSE FIRESTONE
FSEO1 FIRESTONE OPT
GBG GB GOLD
GNDU GRINDROD U
MOB MOBILE
PNG PINPOINT
PZG PZGOLD
QPG QPG
SAN SANYATI
SHB SHERCAP
SKY SEAKAY
SQE SQONE
TBX THABEX
WTL WILLTELL
ZPT ZAPTRONIX

Thanks Alf, I was looking for a list!

For the others, nope, no interest, but I don't charge all the fees either so it balances out!

 

[Pooky]

So we can't sell the shares?

 

[patrick]

So we can't sell the shares?

Nope, read the blurb on the home page. It's an investment club, not a trading club... very different animals. Also traders pay far more tax, so they'd have to beat an investor by a big margin to end up with more cash in their pocket.

 

[DrewChan]

Joined - spent all money

http://www.allmystery.de/i/t4851b8_a980a3d1_I_Have_No_Idea_What_I_m_Doing.jpeg

 

[Pooky]

Nope, read the blurb on the home page. It's an investment club, not a trading club... very different animals. Also traders pay far more tax, so they'd have to beat an investor by a big margin to end up with more cash in their pocket.

Cool thanks! I just started investing in companies I like the look of

 

[DrewChan]

 

[STS]

So we can't sell the shares?

^This, i need to get rid of a bad investment

 

[ShaunSA]

That sad moment...

When you realise even Drew and Pooky are ahead of you

 

[Pooky]

That sad moment...

When you realise even Drew and Pooky are ahead of you

Why do you hold me in such low esteem?

 

[STS]

That sad moment...

When you realise even Drew and Pooky are ahead of you

26th at the moment mutha****ers

should never have put money in Capitec bank *shakes angry fist*

 

[ShaunSA]

Why do you hold me in such low esteem?

Why do you take everything I say so seriously? :erm:

 

[DrewChan]

That sad moment...

When you realise even Drew and Pooky are ahead of you

You Sir, severely underestimate my abilities

 

[ShaunSA]

You Sir, severely underestimate my abilities

Not really. I admitted I would suck at this from Day 1

 

[DrewChan]

And yet you still insist Pooky and I should be worse blargh you're catching up, I dropped by .5% odd since this morning