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Can somebody please explain why this has happened?
I have been personally mining cryptocurrencies since July 2017 and at the moment I have turned my machines off as the financial cost (utilities) have outweighed the financial gain. Mining at the mome... See more...
I have been personally mining cryptocurrencies since July 2017 and at the moment I have turned my machines off as the financial cost (utilities) have outweighed the financial gain. Mining at the moment is run on paper thin margins (if you can get utilities for free). Everyone jumped on the train in December thinking they could also double their money in days and now scammers are trying to convince people that (due to the price corrections), this is the time to jump in (if they missed the 1st opportunity). Definitely a scam. If he wants to get into the cryto world, put that USD1,100 into bitcoin itself (he'll get c.a. 0.17 BTC).
I should be fair - OST are talking about them paying back debt - not buying new stuff with the 2bn. But what I should have also expressed concern over is the relatively high cost of the holding compa... See more...
I should be fair - OST are talking about them paying back debt - not buying new stuff with the 2bn. But what I should have also expressed concern over is the relatively high cost of the holding company structure expressed as a percentage of earnings...
Are you like me being driven mad by these idiot adverts of outsurance? Makes you wonder what they  will do for a follow- up. I am reasonably sure their cherry picking will be long term expensive. Bu... See more...
Are you like me being driven mad by these idiot adverts of outsurance? Makes you wonder what they  will do for a follow- up. I am reasonably sure their cherry picking will be long term expensive. But that is not the reason for this ramble on RMIH , its more about the concern I have about the pot of money that OST is encouraging this lot to spend( CAN ANY good come out of SAFFERS with money to spend elsewhere?)   - in their report today. RMIH has moved sideways for years with the speed of a stunned slug mostly. Is there any future in this holding... why am I so doubtful?  Give the money back to shareholdersI say!  
One other consideration is whether the investing activity is taxed as capital or income. Putting your portfolio in a company ring-fences any trader/income status to that portfolio so any other capita... See more...
One other consideration is whether the investing activity is taxed as capital or income. Putting your portfolio in a company ring-fences any trader/income status to that portfolio so any other capital gains in your own name say regarding your own business or some long term interest like property or shares in a family company are taxed as capital and not tainted by active trading in the company. The downside is that losses in the company cannot be offset against gains in your own name and vice versa. I moved my portfolio into a company but as Simon says there are both advantages and disadvantages of having done so
I have been slowly building a long-term investment share portfolio for some time now. While I read as much as I can about investment strategies, I have simply adopted an incremental 'learning from do... See more...
I have been slowly building a long-term investment share portfolio for some time now. While I read as much as I can about investment strategies, I have simply adopted an incremental 'learning from doing' approach to investing. It has become increasingly evident to me that I cannot pre-empt - with any degree of confidence - the effects of  these continuous global, regional and national upheavals on my share portfolio, simply because in most instances there seems to be no clear logic to, or consistency in, the market response to these changes. I have traded in many of the blue chip 'darlings', and taken punts on 'dogs' with potential - they sometimes go spectacularly up, sometimes precipitously down, but most just seem to bumble along oblivious to the 'market forces' that economists keep shouting about (including EWC). Over time I have got rid of all my individual company shares (too stressful to see the 'bouncing effects'), and have now moved all my money into ETFs (STX40, SYGUS, STX500, SYGWD, SATRIXIND), along with one or two large companies with regional/global footprints (such as ANH). I have found that while this rebalanced portfolio does not give me spectacular returns, it does remove the constant stress of the big market moves asociated with individual shares whenever one or other market is hit with the effects of 'dumb politics' (whether its SA, UK, US or other). Now, even where there is a big impact on one ETF (e.g. STX40), the others typically offset and soften the collective blow. I would say that, over the last 2 years now, my share portfolio has constantly grown, albeit modestly (but far more that CPI), and I stop caring about all the political machinations because they are just short-term 'noise'. All I have to do now is just focus on growing my portfolio with spare cash (increasingly scarce by the day). I have no idea if this helps, or is even sensible, but it (at least for now) works for me.   
Mr Heystek is know for these views. I would hate to be lumped in with the paranoid and the reason is that people who are paranoid do not behave rationally.  I would like to think that the majority o... See more...
Mr Heystek is know for these views. I would hate to be lumped in with the paranoid and the reason is that people who are paranoid do not behave rationally.  I would like to think that the majority of people on this site are trying to be rational in their decisions. The reasons anyone anywhere in the WORLD invests outside their country of residence -ie where their liablities exist - is  to access opportunities and to diversify. Clearly RSA is a midget economy in World terms - so it answers the question - diversify. Once you go down these Heystekian roads you are likely to make decisions based on ...yes - the unknown! So my advice to myself is to recognise that uncertainty is par for the course.  And a cursory glance at the SA market today tells you there are some good value positions emerging. And that reflects in the holdings of leading SA fund managers.  If you look at general investor behaviour when driven by fear- eg the early 2000's -ZAR and emerging  market currency collapses - what did people do? They hocked their mother in law to buy dollars - made lump sum transfers- and ended up looking like idiots. So if you diversify don't do a Woolies -buy good quality stocks with a margin of safety and good prices.       
Magnus Heystek has a (few) view on this, and has been an advocate of getting assets (cash) offshore, and wrote an article on Moneyweb, called "Only the paranoid survive" - which speaks to this topic.
Ive been thinking about how in the long term the EWC will play out and how I must think about how I must change my thinking on investemt into this country. I dont want to have  a knee jerk reaction ... See more...
Ive been thinking about how in the long term the EWC will play out and how I must think about how I must change my thinking on investemt into this country. I dont want to have  a knee jerk reaction and liquidate everything today and pile into USD equity for example. But I do want to hedge my bets long term and now seems like a good opportunity to do so.   My question to the readers here who probably also have investments is what is your thinking? Have you already taken investments out of SA...in part or everything? Im interested to see to what extent people are reacting to EWC in relation to their investments.   Im also wondering what the "smart money" is doing, im not that smart or clever I just want to protect what I have.   I will be interested to see what others are doing and thinking.      
Japanese traders have found that candlesticks form interesting patterns in the seeming market chaos. These candlestick patterns are LEADING indicators and they can be used to make a profit if used... See more...
Japanese traders have found that candlesticks form interesting patterns in the seeming market chaos. These candlestick patterns are LEADING indicators and they can be used to make a profit if used correctly and effectively. The "Forex Candlestick Tactics" ebook reveals powerful methods to trade candlestick patterns combined with standard technical indicators. Check out what's inside: http://www.forexmystery.com?hs4dg4sdfh
Great article
    Over the past couple of years South African investors have had their fair share of dodgy investment scams disguised as unique investment opportunities. Recently, someone posted on the ... See more...
    Over the past couple of years South African investors have had their fair share of dodgy investment scams disguised as unique investment opportunities. Recently, someone posted on the community under the talk section, asking for clarity on what seemed like advice on a cryptocurrency scheme('Financial advice and bitcoin trading'). It made me think about the case involving one Steve Twain and the ‘$50-million cryptocurrency scam’ that left some South African investors in financial disarray. In Australia, cryptocurrencies have become the second most common investment scam. Not to say there's anything inherently wrong with crytocurrencies - however, they're fast becoming an easy vehicle for scammers to take advantage of people simply because they, much like forex, remain incredibly difficult to understand for the man on the street.   Whether we're talking equity, forex or bitcoin scams, when it comes to trading or investing schemes or platforms, be sure to look out the following signs: High returns in a short period: Trading scams usually come with the promise of overnight riches. Little or no risk is mentioned: Any broker you speak to will be sure to highlight risk when it comes to investing. When returns are guaranteed, you should immediately assume that something’s fishy. Unconfirmed figures and graphs: It’s not uncommon for people to create performance charts to suit their narrative. This is easy for them to get away with when their target is uninformed. Always try to verify chart and figures. Look for accreditation or registration with the Financial Services Board (FSB): If there’s a product offering of some sort, then usually there’s a governing body that companies have to be registered with. Always check this. Granted, this may be difficult for thosw wanting to invest in cryptocurrencies to do, since most regulatory bodies haven’t quite settled on how to regulate cryptos. That said, you should still do your due diligence – look at platform reviews. You’ll find plenty reviews on platforms with a quick Google search. And pay attention to all the negative reviews. Be vigilant when it comes to putting your money in someone else’s hands, particularly if they’re not a regulated deposit taking institution. If something is off, let the South African Reserve Bank know by going to resbank.co.za or you can call the FSB’s Fraud and Ethics Hotline on 0800 313 626. If it’s too good to be true, it probably is: This is the golden rule. If you are guaranteed high returns in a very short period of time, you should be very sceptical. For those of you with a particular interest in crypto scams, you can also check out this great article on Investopedia on How to Identify Cryptocurrency and Initial Coin Offering Scams. While the FSB can’t regulate sites domiciled overseas or keep tabs on each and every single scam out there, bringing such cases to their attention can help them spread awareness. The internet has made it very easy for people anywhere in the world to run elaborate schemes and by-pass regulators. After all, the FSB and Reserve Bank can’t regulate which sites South African consumers choose to visit.   The most that you as an investor can do, is arm yourself with as much information as possible.   Want to learn how to avoid forex scams? Check out the podcasts below: Forex trading : Separating myth from reality - Part 1 Forex trading: Separating myth from reality - Part 2
Hi there,   Thank you for your suggestion. We will forward your suggestion on to our dev team.
Could OST please reinstitute the oprtion of getting SENS announcements by email. I see from other posts that traders felt it was too noisy but if there is an opt in / opt out button it would solve th... See more...
Could OST please reinstitute the oprtion of getting SENS announcements by email. I see from other posts that traders felt it was too noisy but if there is an opt in / opt out button it would solve that issue. Right now it's only for corporate actions but I feel that I want to know things like share buy backs and director trading which I feel influences my decisions. Also I sent this request in via the Contct Us box on the site and in 24 hours had no reply. Not good enough.
The way I see it, we can still take a gamble if we diversify our holdings. Buy more than one fallen stock. The reserach is still good however, you might miss out on the opportunity of when the share ... See more...
The way I see it, we can still take a gamble if we diversify our holdings. Buy more than one fallen stock. The reserach is still good however, you might miss out on the opportunity of when the share rebounds because you spent time researching. I would assume that only a small portion of those stocks won't rebound. However, this would need to be done baring the transaction costs in mind. I'm farely new at this and my thinking might be a bit misguided. Tell me what you think
Japanese traders have found that candlesticks form interesting patterns in the seeming market chaos. These candlestick patterns are LEADING indicators and they can be used to make a profit if used c... See more...
Japanese traders have found that candlesticks form interesting patterns in the seeming market chaos. These candlestick patterns are LEADING indicators and they can be used to make a profit if used correctly and effectively. The "Forex Candlestick Tactics" ebook reveals powerful methods to trade candlestick patterns combined with standard technical indicators. Check out what's inside: http://www.forexmystery.com?hs4dg4sdfh
Yip, agree completely.  Just wonder how these websites pop up and scam people and remain unregulated (so to speak).  Simply, all the "seller" has to do, is con two or three people a month and they do... See more...
Yip, agree completely.  Just wonder how these websites pop up and scam people and remain unregulated (so to speak).  Simply, all the "seller" has to do, is con two or three people a month and they do well on the fees alone.   An aside, it seems the FSB does not check up on, or regulate pyramid schemes; that seems to be one of the Reserve Bank duties.   It seems the FSB concerns itself with Ponzi schemes.
Blik This is a 10 second conversation. given you have warned him off - which based on what you have said below  was good advice - when you visited the site - I think highly dangerous of itself - did... See more...
Blik This is a 10 second conversation. given you have warned him off - which based on what you have said below  was good advice - when you visited the site - I think highly dangerous of itself - did you see a FSB registration no? (He should go to the FSB website - and see if this lot are regsitered as FSP 's and their licence category - this last point is VERY NB. And you can also report stuff like this there.   "Invest in bitcoin mining" - WHAT is "bitcoin mining"? And how - loans, shares ? Promoting either of those would I think be in breach of the FSB rules as I think as there are questions around deposit recieving.  (And if I were you( which of course I am not ) I would tell my  friend to suggest to his wife she tell her friend to find new less gullible friends?)  

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Over the past couple of years South African investors have had their fair share of dodgy investment scams disguised as unique investment opportunities. Recently...
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Last reply Jul 26, 2018
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Catch up with the first installment: Investing101 - Venturing offshore
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