Comatose market.

[striker]

..Question - is this the lull before a Bull storm or a Bear storm ?

[kwagga]

I think it's neither. I think slow growth for sometime to come will result in pro active markets looking for direction for some time to come.

[striker]

... so Kwagga as an investor ,are you just sitting tight ? As a trader how does one play a market with no direction ?

[Maddog]

Divident yield is important to me know not growth

[richardw]

Slow attempts at growth and then a cacalysmic crash for October, and then a Fed-sponsored ramp job to finish the year.

[kwagga]

Investors should sit tight - hopefully on equity that pays divi's. Traders is in for a hard time. Getting quickly in and out of this market with small profit margins seems the way to go for the time being.

[striker]

.Kwagga - what,s your view on prop. investment co's.I've recently lightened up on industrials and bought into them.Div.yields are good at around 8 - 9.5%.

[louisg]

You mean INTEREST yields, as they're taxable.

[#9]

louisg, Do you know why they are taxable? I assumed that the listed company pays tax before they declare the dividend. Why is it different with property companies? They would be much more attractive if they declared a tax free dividend.

[louisg]

The payouts are interest not dividends and are taxable at your marginal tax rate if you trading/investing in your personal capacity. Keep in mind that the first R22300 of interest is tax free for this financial year for persons under 65. Over 65 = R32000.

[#11]

even if you pay tax on them, they are still an attractive investment. Redefine is currently giving me an 8% yield - to me I think that listed property is a far more attractive option that buying property - better yields, no tennant hassles, easy in and out, no transfer duty, estate agent fees - and I still get the capital gain - brilliant.

[kwagga]

Striker, I share Skaaptjop's sentiment on listed property companies, but owning your own properties has it's initial tax benefits as a write off if still under bond and a faily secure investment if kept in a trust. There are many ways to skin a cat.

[striker]

.. skaaptjop - also bought some RDF as well as some EMI and VKE.