Odds are you have a pension fund, or money invested in a retirement annuity.
For good reason - we all need to prepare for retirement. And the tax benefits are a great benefit to these retirement funds.
But if you're planning on emigrating - even if it is something you've got planned for your distant future, you should listen up…
Come March 2021 and your plans could become considerabl... ››› more
On 8 September South Africa's GDP figures for the second quarter of 2020 was released.
Our economy shrank by 51% annualised in the three months between April and June 2020.
This has put us into the longest recession in the past 28 years.
Sectors like mining fell 73.1%, manufacturing fell 74.9% and construction shrank by 76.6%.
This is bad.
But even though it was just released, i... ››› more
Early on in the COVID-19 pandemic there was a ‘nerdy' accounting joke doing the rounds saying that soon we'd see EBITDAC - Earnings before interest, tax, depreciation, amortisation and corona.
While there's no ‘official' accounting term like that - companies results do show the effects, the pandemic has had on them. And many are opting to call it ‘once-off expenses.
Suddenly the ner... ››› more
There are hundreds, if not thousands of economic indicators investors like us can look at to gauge how the economy is doing. Employment figures, GDP Growth, CPI, the Trade Balance, these are just a couple of the well-known ones. There are more obscure ones, like the Buttered Popcorn index, the R-word index or the Coupon Redemption index.
But you don't need to know all of these. In fact, there'... ››› more
On 31 August 2020 Apple's share price will drop around 75% from what it was.
That means its share price will go from the current $437.50 to around $109 a share.
I don't need a crystal ball to predict this.
You see, Apple announced it is doing a 4-to-1 stock split.
And its not the only company doing this. Tesla announced a 5-to-1 stock split that'll happen on August 21.
So, what do... ››› more
For more than a decade now, we've been hearing about the renewable energy trend.
South Africa has had three rounds of tendering and construction builds for both solar and wind energy plants- but due to political reasons the fourth round of builds was stopped five years ago…
Then two years ago the renewable energy programme was restarted, and by end 2019 around 8% of all of South Africa's... ››› more
Interest rates world-wide have been dropped to their lowest levels in history.
The US is currently running a 0% - 0.25% interest rate, and the country is pumping TRILLIONS of dollars into its economy via quantitative easing.
In Europe the same plan is being followed, in fact, there are in fact banks borrowing money from the European Central bank at -1% interest rates. This means banks are g... ››› more
Pan African Resources hit 513c on Tuesday 21 July. That's the highest the stock has ever been.
But I'm not surprised.
In fact, I don't even think that its run is over.
You see, the company made a very exciting announcement a week or so ago…
Let me explain…
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A 158 year heritage – this transport stalwart knows ... ››› more
SA's in a recession. The first quarter of 2020 saw a 2% decline in GDP. The SA Reserve Bank expects the second quarter to show a whopping 32.6% decline in GDP.
This is a full blown recession, and to try and cushion the blow we're now seeing the lowest interest rates in SA's history.
The prime interest rate is at a mere 7.25% compared to 10% at the end of 2019. That means a repayment on a R... ››› more
The economy is opening up again following lockdown.
Restaurants and hotels are opening their doors again, so it might sound like a good idea to take a bet on these companies share prices recovering quickly now…
But before you do that, just give me a moment to explain why these sectors, and specifically two stocks in these sectors aren't headed for a recovery yet.
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The gold price is up 55% in the past 12 months in rand terms!
In dollar terms its up 13% this quarter alone - making for its best quarter in years.
It currently hovers just below $1,800 - but all indications are that it will hit the $2,000 mark soon.
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Discover: 103% gains on the table for savvy investors, thanks to this... ››› more
Some years ago I called out the Sharemax investment scheme.
And I got flack from advisors and investors invested in the company - collecting fat dividends.
But Sharemax crashed and burnt. And investors lost out big time.
In early March 2016 I warned investors that MMM Global would bankrupt them.
I received hate mail, MMM Global investors laughed at me. You see, they ... ››› more
The word “investing” might conjure up men in suits, big deals around boardroom tables and the exchange of millions of rands.
But today I'm here to tell you that investing is not just for the rich, it's not just for super smart financial gurus. And you don't have to be the Wolf of Wall Street to start investing.
Even if you have only a few rands to spare, you can start investing today.... ››› more
Last week I received a letter from a Red Hot Penny Shares member asking about dividends from companies in our portfolio.
‘X' asked for the companies that pay the biggest dividends.
But the answer to that question is a bit more intricate.
You see, a company selling at R1 paying a 5c dividend could be more attractive than a R10 share paying a 30c dividend. But the 30c dividend is techn... ››› more
I bought my first shares in the midst of the 2008 financial crisis.
My first buy was Old Mutual shares, and the price rose by more than 211% in the 18 months following my buy…
I rolled some of my returns into a property company, and an industrial stock - in the end I turned a couple thousand rand as a student into enough money to pay for my studies, put down a deposit on my first propert... ››› more
The oil price crash, and subsequent low demand for fuel worldwide could be seen as a positive for businesses. Transport costs come down - meaning extra cash in the bank.
You'd expect the same for farmers.
But the low oil price could actually be a big negative for maize farmers the world over…
Let me explain.
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Here&... ››› more
Eskom recently submitted documents to the Centre for Environmental Rights (CER) stating that it could possibly keep its Grootvlei, Camden and Hendrina power stations open as late as 2030. These are all power stations at the end of their lives, that would have been shut in part starting this year!
Eskom is doing this to keep extra capacity in the grid, and avoid load shedding.
But here's t... ››› more
A bear market refers to a widespread decline in asset prices of at least 20%.
We've seen stock markets fall 20% and more in recent months. The oil price fell through the floor, and unemployment is soaring.
This is not a fun time to be in, and you might be confused, panicked or just blown away.
The good news is, this is only a phase - and it will also pass. Things will turn around and l... ››› more
While there have been epidemics in our lifetime, none have had the level of response from government's that we're now seeing.
And while it's now become clear that we'll have to deal with lockdown measures for longer than many initially thought - we're also far enough through this crisis to start looking ahead.
How will our economy recover, will it be quick or slow? Will we see inflatio... ››› more
Things are tough right now. 2 million people are receiving UIF payments this month, instead of their normal salaries.
You might be worried about your business, your job security or how you'll pay bills at the end of the month.
And now banks are offering you a ‘Payment Holiday'.
In fact, some banks have offered payment holidays to clients even when they haven't asked…
Now, befor... ››› more
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