Trading with 1 third of capital.Just CFDs.Most of it is invested in....yup....NEWGold.It's my savings account,so to speak.And WHEN that Rand goes belly-up(the easiest bet of 2011), it will constantly reflect currency-devaluation as that Rand balance shoots UP.And so one protects onself first, and Trade,second.####And some cold ales.I'm a simple man.
I loathe monthly payments. Currently have a new bond, but have slammed over half of it since March between the two of us. No car payments and I keep all other monthly payments as low as possible. I could probably get by on 6k without changing much.
Why the Rand belly-up ?Easy.The major thing that keeps the Rand where it is...is utterly fickle HOT MONEY FLOWS.End of story.And they showed us in Oct 2008 just what they think of the Rand.Take a look at the speed of that Rand vs Pound/Euro/Dollar charts.....in 2008.Rand-positive fundamentals are nothing but mass-media generated nonsense and noise. SHORT THE RAND.2011.Like Candy from a Baby.
I pay about R7500.00 a month on expenses, excepting my Medical Aid which my wife pays. So half of that - I reckon about R 9000.00 would cover all my costs. DSTV, Bond, Monthly Security, Food, Insurance etc. I live reasonably cheaply and have paid off almost all of my bond.
HAHA I beat all the lowest costs. being a student, spending R450 max on food, R500 on the girlfriend (shes expensively hot), and around R800 for my other personal expenses. id say R2000 covers it....which i could have lower costs for my business tho!
Father pays for residence, mom requires me to purchase groceries when i stay the weekend...Business on the other hand has expenses worth about 18k monthly....:-l, from what i gather from the above, lol if u want to save cash dont have children...!!