Bandit

I didn't follow this so closely, what is 4AX's beef with ZarX?

That being said: http://ewn.co.za/2017/02/20/anc-nec-members-to-use-special-meeting-to-call-for-gordhan-to-go

Think I need to get into after hours quick "bash it all together with the default theme" wordpress sites.

Not buying a house... /flamesuit on

/logs onto ABSA /sees GLD holding still down 14% /cries /promises myself never to buy gold ever again

EasyEquities account as mentioned. I would NOT use a TFSA since you want to withdraw/use the money in 5 year's time. R10k is probably not worth splitting. NFEMOM is more volatile than MAPPSG so you're like to make more but also lose more. Whilst NFEMOM give you 100% equity (shares) exposure, MAPPSG only give 75% and a further 20% exposure to bonds and 5% cash so really more diversified (not that I think it matters all that much for you right now). It is NOT worth getting both of these so don't 50/50 split them. Both are total return ETFs so you don't need to worry about reinvesting dividends yourself. If you want to use this money to learn about investing and how different ETFs work I'd suggest getting something like PTXTEN (R2500 worth maybe?) - which pays out dividends on a quarterly basis - in addition to one of the above. All that said, you recently graduated and starting to work I assume. You'll probably be able to save a lot more in the coming years so if it was me I'd follow the classic advice of first getting an emergency/cash fund going, getting income protections and then investing - whether it be ETFs or unit trusts. So if I was in your shoes right now I push that R10k into a 32-day call account and let it grow to a point where you can survive on it without a job for a good couple of months.

Approves

Astoria

Awesome http://radio.garden/live/miami-fl/miami-airport/

I've given up hope...it'll never reach 7000

No, I'll catch the highlights. What did i miss?

How can it be his 10th SONA? He's only been president for 8 years, or am I missing something?

They should rather move it to Pretoria if you think about it, less travel expenses for more people. They want to. There was a whole thing about it in parliament last year about it and one of the biggest reasons was that it would save costs (this from the ANC if I recall). If memory serves the DA actually opposed this because they said the reason the ANC wants to move it is because it was embarrassing for them to not be on control of the metro where parliament is. That conversation kinda just died and I wonder if the DA wasn't correct and the ANC gave up after they lost control of the PTA metro. I stand to be corrected on all of the above though.

Parliment is in Cape Town. It always takes place in Cape Town.

Same thoughts here, I've never seen this level of preparation before for the previous SONAs, perhaps they know something we don't. He thinks this will shut the EFF up

Did not know he is allowed to do that.

Hell yes. Instead of increasing any other tax which tends to target specific groups of people, increase VAT so that everybody feels the pain especially the poor who keep on voting for these inept idiots mismanaging our money. Tired of paying because the clueless keep making the same mistake.

If they follow the same/similar index then I doubt the opening price will have any effect. I think SATRIX is "missing out" on bond ETFs being more popular in recent times. Hard to beat ABSA's costs though. I'm not terribly excited about these to be honest. The property one will have to do something different than the existing ones which either goes offshore, tracks the top 10 on the JSE or tracks the entire index. If I'm not mistaken their property unit trust follows the top 20 so maybe it is that but just in ETF form.

NFILBI? http://etfcib.absa.co.za/Products/Exchange%20Traded%20Funds/FixedIncome/ILBI/Pages/default.aspx

Satrix STXPRO: https://www.moneyweb.co.za/mny_sens/satrix-collective-investment-scheme-stxpro-public-offer/ Satrix STXILB: https://www.moneyweb.co.za/mny_sens/satrix-collective-investment-scheme-stxilb-public-offer/

Hamster, two points. You can put this portfolio together, but it's aimed at the person I call my sisters neighbour. When my sister needs help she calls me, but who does her neighbour call? Likely they wander into their bank and get ripped off Hence these portfolios. As for the fee, a flat fee is exactly what I campaign for, no percentage of AUM which is the rip off. You pay one flat rate regardless of size, like if you went to the dentist. They don't charge based on your net worth, they charge on what they do. Percentage of AUM as a fee must die. Lastly, first year is free as ABSA covering the 100bucks. Oh schweet, we have Simon on board! I get what you're saying about this being aimed at the "financially less informed" (if I can call the that). R100 flat pa is not a lot of money at all, I guess I just always see Justonelap as an advice resource and forget you also do asset management (at least I think you do). Will these portfolios be managed at all?

R100pa - it's cheap but it kinda goes against what Simon preaches about in his sessions on how costs eat into investments and "why pay someone to do something you can do in 10 minutes". Haven't seen them but pretty sure these will be a combination of DBXWD, CSP500, PTXTEN, CSEW40 and NFGOVI (or NFILBI). You can probably create your own portfolios like these with just DBXWD and MAPPSG (or MAPPSP closer to retirement age) and maybe some PTXTEN and you'll be covered pretty much everywhere - offshore, local, property, bonds and cash. If anybody bites though and mind sharing via PM...

Have you phoned them?

Future liquidity? It has no track record and a lot of the buyers right now is looking to sell when it reaches a certain value. Sell to whom though? Others trying the same thing?

How much did you buy?! Call the desk though, they'll probably place the trade at no extra cost.