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SaurusDNA

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SaurusDNA last won the day on March 14

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About SaurusDNA

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  1. I just recommended two books in a different thread, but I thought it might be a good idea to have a dedicated thread to discuss trading and investment books. I'll be back soon with book reviews on the ones I've read.
  2. I trade CFDs on the JSE but not Forex. Trading is not difficult, but it requires a fair amount of learning and training. If you're serious about getting started, I would highly recommend that you study/read two books in the following order: First study the book "How to make money on the stock exchange" by Ross Larter, which is a basic course in trading written by a South African for the South African stock exchange. This will give all the technical skills and knowledge you will need to get started. Then, when you're done with that one, read or listen to "Trading in the zone" by Mark Douglas. This will teach you about the self-control, attitude and mindset that is essential in every successful trader. The first you should get the hard copy of, as it's technical and there are many pictures that are very important. The second is available as an audiobook on Audible, and for this one, the audiobook is fine as there are no pictures required to learn from this book. These two books will give you enough knowledge to trade successfully, and if you do what they say with regards to self-discipline and attitude, you'll do just fine. That's how I started, and I now consider myself a successful trader, as I have a steadily growing equity curve in my trading account.
  3. So finally I've decided to start a thread dedicated to Motus. Motus listed on 22 November 2018. They used to be part of the Imperial Group, but split last year. Motus is now the official importer of Hyundai, Kia, Renault and Mitsubishi in South Africa and include these dealerships. They also run Tempest and Europcar car hire. As a new company, it's still hard to find detailed info on them, so I thought the thread would be a good idea. Their official website is here: https://www.motuscorp.co.za/
  4. I only do CFDs for resources, because they're cyclic so long term doesn't make sense for me with resources. But I've had CFDs in Anglo American Platinum (AMS) for about 3-4 months now. Best return I've ever made on a trade!
  5. Yeah, day before yesterday was last day for trading (LDT) for the dividend payment so there has been the usual post-dividend sell-off yesterday and today. Hopefully it'll start climbing from tomorrow again.
  6. Yes, they only listed on 22 November. Still hard to find info.
  7. Here's the official JSE index codes (although Google Finance uses different ones): All share is J203 and the Top40 is J200.
  8. In my opinion, the Allan Gray Balanced fund is one of the best the market has to offer. Its performance has been nothing less than superb in that it has smashed the benchmark year after year after year: https://www.allangray.co.za/fund-pages/balanced-fund/
  9. I'm actively trading them now, but I'm also thinking about buying their shares too, but I don't feel I have enough info on them yet. Maybe a Motus thread is the way to go. Here's their performance graph since their listing on 22 November 2018:
  10. They're the Hyundai and Kia guys now, and include these dealerships. From the Rentals point of view, they run Tempest and Europcar. Here's their official website: https://www.motuscorp.co.za/
  11. They used to be part of the Imperial group, but then Imperial split, and Hyundai, Kia, Renault, Mitsubishi is now called Motus.
  12. While there is certainly merit to the argument that on average, in the long run, passive investments perform at least as well as, if not better, than actively managed investments, the funds in which Momentum has invested your money (ie. Allan Gray, Coronation, Investec etc) have had phenomenal performance since their inception, and they are certainly not just your average actively managed funds. These funds are among the best South Africa has to offer with returns beating the benchmark year after year. Also remember that offshore has its (important) cons as well as its merits. While offshore investments may serve as a Rand hedge, they simply cannot keep up with our inflation. Even with the annual average 4% drop in the Rand, the 2-4% growth typical of global growth, even when combined with Rand depreciation, does not usually beat South Africa's 6.5 - 8% inflation. South African markets do tend to perform a few percent higher than inflation though, and I'm pretty sure that if you look at your Momentum fund returns, you're probably close to 11% annual return over the past 10 years after the 2% costs have been deducted, even though the market has been flat. In every/any chosen period longer than 10 years (10-years, 15 years etc) South African investments have beaten the offshore average, even when compounded with Rand depreciation. I'm wary of moving too much money offshore. Consensus at the moment is that 30-40% of your money offshore presents the optimal risk to reward ratio. Also bear in mind that 30 -35% of your Momentum fund is already invested offshore. If it were me, I'd keep the bulk of the money with Momentum. Especially since you're 55, the actively managed approach, which switches between bonds, stocks and cash as the market fluctuates, decreases your risk significantly. The good thing about managed funds is that they limit the downside, while they may underperform passive investments slightly during strong bull markets. At 55, preserving your wealth is definitely more important than high-risk growth. So yes, I personally do believe that moving your Momentum investment to passive investments would be a mistake in your case. If it were me, I'd keep the R5.5M right where it is! (The extra R2M is only a quarter of your portfolio so it seems a reasonable amount to put in the higher risk passive funds as you have done.)
  13. Yes - you should have them already.
  14. Me too! I'm just waiting to see if they go up or down. I'm not keen on a long term investment in Multichoice (MCG) but it might be good for trading (either long or short) in the next few days as it may experience quite a bit of movement while the market decides. The CFDs have a reasonable gearing of roughly 6.5 times.
  15. Yes, my Naspers shares are down R1141 since this morning and my new Multichoice shares are worth R1092, so they've pretty much balanced each other out exactly.
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