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Everything posted by Bandit
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If only most people realised that they don't need a Ford Ranger, BMW or GTi to drive around town. I mean we all like cars but the premium you pay on having the "top spec" model, the fuel, the insurance - it's a crazy amount of money. And the excuses are great: "I'm already paying R5000 pm on my car so it doesn't make a big difference if I buy a new one costing me R6000 pm." If they do the inconveniant math (Patrick wrote a piece on this) you'll realise that every Rand you spend extra on that car is money that could've been saved and could've grown for retirement. They buy a car for R400k, factor in interest on the loan and are now at R600k and think that's the end of it. Think of the extra R100k you coul'dve invested if you bought a cheaper car and what amount you robbed yourself of if it had stayed invested until your retirement age (for some, 20-30 years). Not that a prudish lifestyle is what I'm advocating, one must enjoy life after all
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Disclaimer: this should not be taken as advice but seen merely a possible guideline/strategy to be researched further by yourself We see a lot of questions on forums about how to start investing, what to invest in and it is almost always met by a miriad of answers. From hiding the money under your bed, to using your TFSA to save for a car to FOREX. Truth is, before you invest even one cent there are a bunch of boring and possibly time consuming stuff you should take care of, and this is definitly not what most want to hear. Investing in shares and "playing the stock market" is the last thing on the list to do and it is a very broad subject within itself. Anyway, here are a few things you should consider doing: 1. First Pay of your bad debt. We're not talking cars or homeloans but rather credit cards, overdrafts and personal loans. 2. Then Get insurance. This includes stuff like income protection to make sure you still have a salary if you should lose the ability to work. 3. Build up an emergency fund. You should build up a large enough fund so that you can live of it and cover all your monthly expenses for 5-6 months. You can save this money in a 32 day account or something similar that gives you fairly easy access to it, but still gives you a reasonable interest rate (you want to try to keep up with inflation at the very least) 4. Now you can invest and at this point it is probably best to go see a financial advisor (make sure they are registered: http://www.fpi.co.za/FPI_Consumers/Find_A_Financial_Planner_Basic.aspx). You don't have to follow their advise but they do know a lot more about this stuff than most so it's worth meeting one regardless.
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66.8.16.130 is the JSE Sens server if I am not mistaken? trade.imara.co is that sharenet's data? Momentum
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What server is that? I prefer using this: http://trade.imara.co/free/sens/list_sens.phtml?scode=NFEMOM http://trade.imara.co/free/sens/list_sens.phtml?scode=MAPPSP http://trade.imara.co/free/sens/list_sens.phtml?scode=STXIND etc...
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Haven't heard of or seen any broker platform supporting them. Stillborn?
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We have a celebrity! Regarding the above, I think that already started to change with EE allowing debit order investing at no charge and FNB's Share Saver allowing the same for the last couple of years (albeit very limited). Waiting for those ETFs though! I'm assuming there are no more details available regarding them nor a possible launch date?
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I was thinking (for the last couple of months) that I'll sell the moment it hits 7000 and recoveredy losses (also my TFSA). But at the rate it is recovering I might just keep it a while longer...But I'll watch it like a hawk!
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Shot for this
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Costs associated with buying property
Bandit replied to Spreadsheet Ranger's topic in General Finance
Open a B&B. Make it biker friendly -
I see I'm heading for the bottom again
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Insurance for low income employees like domestic workers
Bandit replied to padjakkels's topic in General Chat
Mine came in once a week for 4 years.... different experience. You get good ones and they are worth keeping I suppose. Not worth the hassle/chance, I'd rather just get a company to come in once a week if need be. -
Insurance for low income employees like domestic workers
Bandit replied to padjakkels's topic in General Chat
Not with the new minimum wages... -
Insurance for low income employees like domestic workers
Bandit replied to padjakkels's topic in General Chat
I "fired" my domestic, that's my insurance policy against vacuum cleaners etc. breaking :/ -
Fair enough. DIVTRX and PTXTEN does grow and seeing cash magically appear in your account every now and again is kinda awesome so there!
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Have a read - http://www.dividendtycoon.com/ He is on ShareForum and I think MyBB as well
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Something like that. PREFTX gives better dividends, but buy the time you retire with your millions of dollahs it'll probably be a good idea to go speak to a financial advisor wrt the best income strategy. If your math is correct you'll be better off putting that R1mil in a 32 day account and get R70,000 pa in interest.
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Currently my TFSA is split into equal thirds (well initially) of DIVTRX, DBXWD and STXIND. My R30k this year I'll probably split 50/50 between DIVTRX and GLPROP (if available, else PTXTEN). STXIND and DBXWD are tough decisions since they're more focused on growth. I might just sell off both of them and push those funds into the other two to be only left with DIVTRX and PTXTEN and have my TFSA geared for income and some growth. On the other hand, since I'm still young growth ETFs might make more sense in which case there is NFEMOM for local and DBXWD (and the SP500 one). So all in all I don't really know. What I can tell you is that I much prefer NFEMOM over STXIND. Completely different ETF but that is kinda the point.
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I really hope not... I need the Indi to get back to 7000 so I can get rid of it o0nce and for all
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Let's hope this year is better than 2016
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Costs associated with buying property
Bandit replied to Spreadsheet Ranger's topic in General Finance
How bad an area? If you get squatters you're done. -
Haven't really looked into the Liberty listing, but surely that fund will quickly work it's way into PTXTEN?
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How Xiaomi's new phones crush the iPhone 7
Bandit replied to Spreadsheet Ranger's topic in News and Current Affairs
I did not. Got a Huawei P9 Lite instead. -
Picked up, yes. Am I happy, no. Still a long way to go
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Check the SP500.... an upward trend but negative growth that last 10+ years. Need to buy that puppy at the right time.