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Community


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Online Share Trading

Engage and learn about markets and trading online

Im new ( Golden Rule)

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Not applicable
What would you guys say the golden rule or rule of thumb when choosing a company to buy shares also should I rather start with EFT,s first or go directly into shares like Old Mutual and Netcare and lastly alexander Forbes, you thoughts would be greatly appreciated.
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20 REPLIES 20
stores
Super Contributor
There is no golden rule i.m.o...I have encouraged my kids to first start with a couple of tracker funds... i.e To buy them direct from Satrix.
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Vince888
Regular Contributor
My golden rule before anything when buying whether it EFT, Shares etc is to calculate your estimated cost first before anything else. Too often people will say buy this or buy that or tell you about strategy but noone ever tells you about the REAL cost of buying or selling.
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Vince888
Regular Contributor
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Not applicable
Thanks guys also one last question can one cash out daily on the JSE meaning could i posibly make money every day if i knew what i was doing?
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wetta
Contributor
First learn to do it right and then worry about cashing out daily. It is very easy to lose your money, as a number of people will tell you
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Not applicable
Thank you gentlemen.
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Vince888
Regular Contributor
Again cost. Cost can determine your entry point into a particular security. Yes you can cash out everyday if you make money only if the funds have been settled unless you pay the additional cost to have it available. As much as you can make money, you can also lose money.
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Not applicable
Are there any stocks in particular to look at the moment given your guys professional opinion maybe something in the beginning phase like Capitec bank was?
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Vince888
Regular Contributor
Whats your price range and timeframe?
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Russ
Super Contributor
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Not applicable
I have about R25000 which direction do you think I need to go? or to start thank for all the replyÂ’s so far.
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Quakedog
Super Contributor
Take your full 25k and buy Rhodes foods
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koos2
Super Contributor
Buy and read 3 trading books first, pick 3 of the top 20 stocks by market cap, watch their chart for 3 months before you start. I didn't, lost 28k in 3 hours.
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kwagga
Super Contributor
First of all, one of the mistakes all rookies make is having no strategy for selling. Buying is simple. It's the selling part rookies get wrong. Before you buy, know when you'll be selling and stick to it all cost, even at a loss (stop loss). With R25k I'll buy Discovery and keep it for 3 years plus. They are in insurance and medical aid and their expansion in China is shaping up nicely.
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kels
Contributor
First understand the difference between investing and trading (as well as the tax implications).If you are just starting out you could pick a decent investment share or shares with a little bit of reading and understanding provided you are prepared to sit on the investment for at least 3 years+.If you are a genuine newbie I suggest you stay away from trading altogether until you have a whole lot more understanding.The prices at this time of the year can be particularly volatile on very small volumes of shares traded. Best advice I could give is put your money in your piggy bank and start reading and learning. Then after a couple of months in the new year you could start putting your toe in the water. That way you are more likely to have a Merry Christmas and especially a Happy New year.
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Not applicable
I would like to go into trading i am really a newbie I bought a minimal amount of shares in well-known companies like Old Mutual Netcare and alexander Forbes just to see what happens and IÂ’ve seen growth in all 3, I would like to assume that IÂ’m off to a good start as I did as much research as I could on these three companies but i donÂ’t really want to rely on waiting 3 years plus for a return and i also havenÂ’t taken into consideration the cost involved in buying and selling but am now one step at a time though, You guys might think this is a silly question however IÂ’m going to ask anyway as you guys seem to really give good advice can one cash out a profit daily if you had enough capital and knew what you are doing? And lastly how would I go about doing that? Thanks again all!
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Vypir
Contributor
Golden Rule: Buy Low, Sell High...
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kokkie
Contributor
Buy Wholesale, sell retail from and to Mamparas.
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Vypir
Contributor
Just remember - in every transaction there is a buyer and a seller - and one of them is making a mistake :-) Or, in other words: There is one mampara in every transaction!
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