I've been buying shares that i believe were cheap since last year this time. Since then i could see the effect of buying cheap work very well for me. Div's not bad, but i think in 1-2 years it will even be better. my main acquisition target lately was not on the JSE, but shares in JPMorgan Chase on the NYSE, after working out all the regulatory issues and getting the channel opened i ship money offshore when the ZAR-USD is attractive and buy shares when my valuation model says its good. Got some cheap shares after Obama made his proposals, and in the time since then its started moving nicely upwards, Jamie Dimon (CEO) said many times in investor presentations that the firm has unbelievable reserves which is 100% true and once employment starts to pick up and stay that way (a few months of growth) the firm will increase dividend, first it will not be huge but the earnings potential of the firm is amazing and in the next years i think overall dividends in banks will increase again, I own SBK, RMH, CPI here as well which i really like. So yes, i am very happy with the current market, and buy shares when they offer value, even though most of my recent acquisitions were offshore, i believe its important to be a bit geographically diversified, one never knows what will happen in a single country and if one is diversified it reduces political risk substantially.
