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long term investment

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samkeloh
Not applicable
hi guys im new in this industry,plz help on how to do a long term investment?let's say i want to to invest myb for 5 years?
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16 REPLIES 16
Super Contributor
CPI is actually a more specialised investment than you might think-for a rabbit. Why not take some advice from any of the slew of articles on South Africa's outlook and invest accordingly. Personally - I would be very short of this share...
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Valued Contributor
how has shorting CPI worked for you so far ?
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Super Contributor
Read: "would be" not "was." I have said time and again that I don't short! Anyway - why would I HAVE shorted a strongly trending pop stock? Are you still long Anglo - how is that working our for you now? This last question is just as founded in fact as yours.
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Valued Contributor
people are touchy round here .. I going for drinks instead
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Super Contributor
Just look at the market... we are all touchpaper. Cheers, l'chaim, gesondheid...
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Super Contributor
I would suggest that you read some books, the best one being "The Intelligent Investor" by Benjamin Graham, its quite a dated book but people like Warren Buffett say its the best investment book ever written... Look for other local ones too, read up on an author called Jacques Magliolo, he has some good books... there is only one way to truly learn the best long term investment strategies and thats through research and reading these books, then build a small portfolio of solid blue chip shares that you believe will be around in 50 years still, don't chase the big gains, this will only result in oversized losses and volatility which is not needed for a newbie... I hope this helps you!
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eric13
Contributor
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Super Contributor
good luck.I have been an investor all my life and went full time 19 years ago-its been a great ride.The intelligent Investor is definitely worth a read but there are lots of analysts out there .listen learn observe make decisions accept mistakes will happen-my best decisions have been in companies with a good business model and decent management-I always looked for capital growth along with dividends growing ahead of inflation but who is to say that will be your style.may the markets be kind to you-they look a bit expensive at the moment but Zuma is doing his best to corect that.
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Super Contributor
Humour me, Simon... I need to gloat and unfortunately it's at your expense - re my comment that I would be well short of CPI at this point - Looks like my short would have worked pretty well - 20% profit in a day. Why am I never in the trade. Let me make a further prediction- this is the ABIL of tomorrow!
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Valued Contributor
haha but "the ABIL of tomorrow" ??
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Super Contributor
Yep! Standing by that comment. You do know that this post has the potential to turn into an epic. The Capitec fans are going to try and skewer me for this heresy.
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Valued Contributor
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Super Contributor
I read the article - but - at the risk of putting you on the spot - why keep any South African shares? The currency alone militates against it. The ZAR has suffered a 3000% move against the dollar over the last 40 years - how can one possibly expect to beat that in the long term. 2000% of that happened in the last 8 years or so; AND it is building up a head of steam!
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Valued Contributor
my issue is I know zip about non SA shares. So don't even know where to start, aside form ETFs or local rand hedge stocks
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Super Contributor
Fair enough - better the devil you know!
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Valued Contributor
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