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e=mc2+1

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Everything posted by e=mc2+1

  1. Found some more details ... $25 withdrawal fee applies to any amount too. https://www.etoro.com/en/help#/path/Withdrawal/ I guess all these fees add up at the end of the day.
  2. Hi, Can you guys give me your opintion on the negatives/positives of investing in bitcoin via Etoro vs using a South African exchange (luno.com, ice3x.co.za or altcointrader.co.za) or even an international exchange? I understand that Etoro is not an exchange so you don't actually own the underlying Bitcoin, but if your investment experiences the same movements I don't see an issue with that. I'm biased towards Etoro because it's the only one i've used and it's really simple, but there must be more to it if people here don't use it much. From the Etoro side, I can deposit via my credit card and funds show immediately. Fees (I don't understand all the technical details but they're minimal) https://www.etoro.com/en/customer-service/fees/ Closed a trade a few minutes ago and funds are available straight away too. You also get access to trade forex/commodoties/international markets. The major difference I can come up with is that Etoro charges depending on how long you hold a trade, versus having your Bitcoin in a wallet which i don't think costs anything. Those charges are minimal in the big picture though. Can you let me know your thoughts on the better option? Thanks!
  3. Hi, I would like to get your opinions on contributions to Retirement Funds. As far as I understand it, contributions are capped at 27.5% of your taxable income. And Retirements Funds include Pension, Provident and and RA Funds. My question is do you guys max out your contributions to these each year? (Assuming you've maxed out your tax free saving account contributions already.) And if so, why or why not? For example, my pension fund looks like it's been averaging returns of around 10% pa over the last 7 years. Assuming 41% tax, my take home salary reduces by R10,030 but contribution of R17,000 is added to my pension fund. (17,000 - 41%) So you have the benefit of extra capital experiencing compound interest over time as well as tax benefits at the end when you take your pension. Negative would be that you are forced to use 2/3 of your pension to purchase an annuity. VS Rather investing R10,000 a month into an ETF/shares and paying capital gains at the end of it but having full control of your funds at all times. --- I guess in short, yes, maybe you can get a bit more than 10% investing yourself but with all the incentives retirement funds offer doesn't it results in an effective interest rate much better than an ETF/share would give you. (Assuming average returns on these.) Is it just a matter of control or am i missing something? Thanks!
  4. Anyone know what's going on with PPC? Down, down, down, yesterday and today ... Lucky I put a stop lost on this time Saved me a few $
  5. e=mc2+1

    Hello :)

    Thanks for that twitter account. Looks interesting. Will go through it in detail as soon as I get a chance. As for criteria used, I've been lazy so haven't got a formal system sorted yet. Hopefully that will be sorted in a month or 2 though. R has a few packages with most technical analysis indicators built in so whichever ones give the best results at the end of the day I guess. And a few custom indicators if they look good too. Sent from my HUAWEI VNS-L31 using Tapatalk
  6. e=mc2+1

    Hello :)

    Hey Everyone, Just a quick hello and a bit about why I joined. Technical analysis has always interested me. For the last few years i've been meaning to build a trading system based on this but never gotten around to it. Hopefully that'll change soon. I plan on using an open source statistical language called R in order to back test as well as find buy/sell signals. (Added benefit is that my work could soon involve using a bit of R too.) All my code will be posted so if anyone wants to use it you're welcome to. Be careful though, i'm still pretty new at it so i'm sure there will be a few bugs around. <-- Haha, I found a bug emoticon. Hopefully I can get some input/feedback from all of you, i'll try code it up and we can see what results we get. The plan is to start simple, buy when this moving average passes that moving average or something similar ( 1 step at a time ) Eventually i'd like to get to the fun data science side of stuff and see if we can train a neural network/decision tree/svm/etc to do some trades. I'm sure it's all been done before and software out there will do 99% of what i'm planning on, this is just an opportunity to learn and this stuff quite interesting either way. Cheers!
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