Q. “With Rand Swiss, one of your recommended brokers, I see we now have the option to switch from ProTrader platform to Velocity Trader?
Could you tell me what the main differences are and if you're going to be using the new Velocity Trader platform…”
A. Rand Swiss is definitely one of the brokers I love to use for Red Hot Storm Trader and Pickpocket Trader.
It’... ››› more
If you've been following my Thursday Money Morning contributions over the last few weeks, you'll know we're slowly working through the important concepts in trading and technical analysis.
Last week, we covered some of the basics around risk management. If you missed it, you can find the article here.
But this week we’re tackling one of the most useful and often ignored as... ››› more
For the first time in nearly 16 years inflation is below the South African Reserve Bank's targeted range.
Yesterday, Consumer Price Inflation (CPI) slowed to 2.1%. That's the lowest number since September 2004.
Now, you're thinking inflation is low, that's a good thing, right?
It's a bit more complicated. Let's explore…
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Di... ››› more
2020 has been one hell of a year. Coronavirus has ravaged most markets and yet certain stock markets have hit record highs.
Unbelievable!
Whatever the reason for the run up, the obvious divergence of share prices from the underlying reality seems to be all too apparent to professional investors.
So, is it time for you to hit the big red button? Is now the time to sell everything?
... ››› more
What a horrible start to the year.
Just four months ago most people were dreaming about all the possibilities the new decade held. The world's newspapers and blogs were full of what could potentially be coming in the next 10 years. The widespread use of driverless electric cars. The excitement and fear over the rise of a real artificial Intelligence. And the massive advances in healthcare scie... ››› more
If Cyril Ramamphosa's recent announcement at Business Unity SA's second annual Business Economic Indaba is for real, you, me and every other investor and business owner could be thanking him!
After all analysts estimate Eskom has cost our economy R338 billion since 2007.
And while Eskom's power problems appear to have no end in sight, this announcement by Ramaphosa could greenlight a great... ››› more
Many retail investors are bombarded with ways to invest through exchange traded funds (ETF), most of which passively track an index.
The ETF platforms highlight how cheap they are, but in actual fact they aren't cheaper. If you have more than R80,000 in the account, its expensive. The ETF platforms charge between 0.35% and 0.65% ex VAT just for annual admin fees. That's on top of the other fees... ››› more
Bungee jumping is a terrifying experience.
It requires you to risk your life (literally) on the strength of a piece of rubberised string.
Now the statistics are very clear: Bungee jumping is safe.
But, when you tip toe to the edge of Bloukrans bridge, look over into the abyss and push off into blue sky with nothing but an elastic around your ankles… well you get the picture.
Fina... ››› more
Dear reader,
Q. “I want to start trading but don't know how to choose a broker. Can you help me?”
The safest way to find a highly reputable broker is to find one that is FSB approved and regulated.
You can do this by looking up the Top 10 Stockbrokers in South Africa. Once you have a list of brokers to choose from, you’ll then need to go to each of their websites... ››› more
If you want to invest and have pinpointed a few shares that you want to buy, you need a stockbroker. Or perhaps you don't want to make the share picks, but would like a broker to do it for you. A stockbroker acts as an intermediary between you and the stock market. You have a number of different options open to you. What type of account do you open? What should you consider when you pick a broker?... ››› more
Let's face it, investing has always been something for the richest 2%.
The minimum for opening share trading accounts at many stockbrokers is R10,000. Then there's the rule I've always stuck by, don't invest less than R5,000 in a single share…
That's all because of minimum brokerage costs. Whether you buy R50 or R5,000 of shares your transaction cost will amount to around R100. So only onc... ››› more
To buy penny stocks on the stock market, you need to have an account with a stock broker.
There are a number of stock brokers to pick from and there are also different types of accounts.
So what sort of accounts are there? And what's the best option for you?
Let's take a closer look…
The three different types of brokerage account
There are three different types of brokerage acc... ››› more
This isn't my usual message purely about investing. But I felt the need to share it with you. It contains the gravest warning I've ever given investors, property owners or business owners in my life.
On 13 March 2015 the South African government gazetted a new bill.
This piece of law was written by the minister of agriculture and head of the South African Communist Party, Senzeni Zokwana.
... ››› more
If you want to invest in shares, you'll need to open an account with a stock broker.
It's a relatively straightforward process.
You need to have specific documentation to comply with FICA regulations and money to deposit in your account. Then it's a case of finding a stock broker.
Let's take a closer look at what you need to do…
#1: Get your documents ready for opening your broke... ››› more
To invest in penny stocks, you'll need to find yourself a stock broker.
There are a vast number of stock brokers offering their services, so how can you find the best one for you?
Read on to find out…
Opening your first account with a stock broker
Whether you’re investing in penny stocks or other shares on the Johannesburg Stock Exchange, you’ll need a stock broker.
A stock... ››› more
My friend Yianni phoned me on Thursday morning. He was beyond excited to tell me that he found a ‘dream fund' that returns 17% a year.
I told Yianni I've been looking to invest a portion of my money in a fund that offers those kinds of returns. But before excitement filled my veins, I asked him some crucial questions.
Let's just say after he heard what I had to say, he probably saved hims... ››› more
If you want to buy shares, you need a stock broker. A stock broker acts as the middle man between you and the stock market.
Without one, you simply can't invest.
So how do you find a stock broker? What sort of broking account should you open? And how much is it going to cost you?
Read on to uncover the answers to these questions and much more…
Why you need a stock broker to invest... ››› more
Once you've decided what stock broker you want to open an account with, there are a few things that you should check first.
So what are these things? And when will you be ready to start investing?
Read on to find out…
How to decide what type of stock broker account to pick
You should base the type of stock broker account you open on the level of support and guidance you feel you n... ››› more
Once you decide to open an account with a stock broker, the next decision you need to make is what type of account you want.
There are three main types of stock broking accounts available.
Read on to find out what they are and how they differ…
There are three types of stock broker accounts
When you apply to open an account with a stock broker, they’ll ask you what type of accoun... ››› more
Diversification is all about spreading your investments to lower your risk.
When running your own investment portfolio, it takes a lot of time and money to diversify. You need to invest in ten to 20 stocks, across different sectors.
So what if there was an easier way to diversify?
Read on to find out more…
ETFs give you instant diversification
Exchange traded funds (ETFs) are ... ››› more