For years now the Crypto asset space has been marred by companies like MIT, MMM Global and more. While there was nothing wrong with the asset class as such - the industry was like the wild west.
Until recently when there was a crypto scam, or investors were defrauded there was basically nothing to be done.
The SARB said that it did not regulate crypto currencies, and investors should conta... ››› more
Bitcoin has been on a tear lately.
In fact, it's been on a tear for most of 2020 - up nearly 150%.
It's just that the media has only started giving it attention again now that it is closing in on its previous all-time high.
It recently breached the $18,000 mark for the first time since 2017 - rising over 30% in the past month alone.
You shouldn't be surprised by this rally.
I'm... ››› more
Have you ever wanted to kick yourself because you sold a stock that just kept going up and up?
It happens to the best of us…
Earlier this year, at Red Hot Penny Shares it happened with DRD Gold.
We bought the stock at 265c in June 2019 and sold it at 1577c in May 2020.
Adding in the dividends we received I was very happy with a 519.62% gain.
A mere 2 months later the stock hi... ››› more
Last week was crazy for all sorts of reasons…
Bitcoin hit $16,000 - the highest level since 2018.
The JSE rallied over 7%.
Covid-19 cases spiked in the US and Europe forcing new lockdown measures.
However, the main focus on everybody's mind was the highly anticipated US elections on Tuesday.
Although the election may still be contested (due to Trump's legal challenges), there... ››› more
Financial advisors hate penny stocks… Fund managers barely ever invest in them.
But if there's one thing that these tiny shares have shown over the years it's that they've got huge upside potential.
In 2020 alone Red Hot Penny Shares reader have banked a 274% gain on Pan African Resources, 519% on DRD Gold and 111% on Quantum Food Holdings…
Most investors can only dream of these kind ... ››› more
Humans took thousands of years to understand fire, stone tools and the wheel…
But in the 20th Century, it only took us about 30 years to turn the personal computer and internet into two of the most revolutionary inventions in the modern world.
And over the past 15 years, we've gone from a world where only a handful of people had smartphones and DVD players, to a world where billions own ... ››› more
Square - A $73 billion e-Commerce giant made a big bet on Bitcoin in October.
This is not the first time the company's backed the cryptocurrency.
In 2018, it expanded its mobile payment service Cash App to support Bitcoin trading, even for users without a bank account.
And in 2019 it launched Square Crypto, which awards grants to Bitcoin developers and designers.
Square's bullishne... ››› more
Transnet results are out - and they're shocking.
The company had irregular expenditure of R10 billion for the year, losses on revaluations of R31.1 billion and a comprehensive loss for the year at R18.4 billion.
On the back of this I'm sure you've seen trains being burned, looted or sabotaged during the last year or so.
While this is a sad state of affairs, something we're getting more... ››› more
Benjamin Graham' value investing strategy is widely believed to be the most successful of all time.
And while many of you may not know much about Ben Graham, I'm sure all of you have heard of Warren Buffett and are keenly aware of his success as an investor.
What you may not realise is Warren Buffett was a student of Benjamin Graham and he bases his success as a stock picker on what he l... ››› more
“Buy when there's blood on the streets!”
“Be fearful when others are greedy, and greedy when others are fearful.”
As we've been faced with the current crisis, I'm sure you've heard many commentator's say now is the time to buy into shares. Shares are at decade long lows, and the cheapest they've been in a generation…
During the week I read a letter that a client sent his brok... ››› more
The local currency is on FIRE.
At 19:00 on Wednesday night, President Cyril Ramaphosa announced South Africa would be moving to level 1 lockdown. One hour later, US Federal Reserve policy makers indicated they are expecting US interest rates to remain at almost ZERO until the end of 2023.
Wowza that is dovish!
We have economies opening up and we have central bankers bunkering down.
... ››› more
Market sentiment has improved since President Trump's release from hospital, and we head into third quarter (Q3) earnings season.
Analyst forecasts on the S&P500 (a gauge for global equity markets) signals a potential decline of 20.5% for Q3, this would be the second largest Q3 decline since 2009.
Analysts expect a decline in earnings in the fourth quarter of 11.8%, and a return to earning... ››› more
If you type in ‘value investing' in Google, you'll find numerous articles claiming “value investing is dead”.
It's no surprise investors feel this way.
Growth stocks like the tech superstars have by far been the biggest winners in recent years - significantly outperforming their value peers.
With the continuous advancements in technology, you'd expect growth stocks to continue th... ››› more
Right now, the agriculture sector is one of the spots of excellence in South Africa, and its being treated very well thanks to a double whammy of record-breaking harvests, and increasing commodity prices.
This is good news for the SA economy.
It means the agricultural sector could employ more people, putting money in the consumers' pocket. It means there are many supporting businesses and ... ››› more
“Timon do you believe that with the second wave of COVID-19 cases in Europe will also cause the price of Brent Crude to drop in price?”
A. Absolutely! Thank you for reminding me Joe.
In fact, it’s one of the main factors I forgot to mention in this week’s article.
In the last month, we have seen a resurgence in infections throughout Europe.
We have see... ››› more
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