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Fin24 user Ike Jakson writes:
The new investor must first consider his options; this is more important than ever during the next few weeks.
JSE stocks and all the various derivatives are wobbly right now. Investment advisers are confused and disagree among themselves; so do economists.
Will you make use of them? Sure, the guy will tell you to let them handle it but you must be prepared to give him your money and forget about it for at least 10 years. They quote impressive gains from the past but I am not so sure; they always talk about past performance but hindsight is too easy; always remember that.
Strategy has to be adapted to current circumstances. I believe it is not the time for 10-year investments right now.
Short-term investments of about two to three days and medium-term ones of four to eight days could be considered; anything longer than 10 days would be long-term and you need to exercise great care on this point.
Whatever you do, don’t tie your money up with the bank; it will just feed the bank ponzi operatives that you read about every day.
There is of course another investment that you may consider by visiting the neighbourhood casino closest to you.
They don’t require large sums and you are not tied up for any term. They also take small investments, even as little as R100. You are in control, pay no intermediary commission or administrative costs and you choose the amount that you want to invest.
Returns are immediately available and you can’t lose half of your entire capital like in buying gold shares.
At least you have a chance; this week on the JSE you won’t have that luxury unless you dabble in and out really fast and do it direct, without having to lean on an FSB-approved financial adviser to lose your money for you.
For the next few weeks, my money is on the casino.
- Fin24
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Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent those of Fin24.
Fin24 reserves the right to obtain service providers' comments before publishing any articles or letters, and to edit any material used. Fin24 also reserves the right to edit or delete any and all user comments received.
The new investor must first consider his options; this is more important than ever during the next few weeks.
JSE stocks and all the various derivatives are wobbly right now. Investment advisers are confused and disagree among themselves; so do economists.
Will you make use of them? Sure, the guy will tell you to let them handle it but you must be prepared to give him your money and forget about it for at least 10 years. They quote impressive gains from the past but I am not so sure; they always talk about past performance but hindsight is too easy; always remember that.
Strategy has to be adapted to current circumstances. I believe it is not the time for 10-year investments right now.
Short-term investments of about two to three days and medium-term ones of four to eight days could be considered; anything longer than 10 days would be long-term and you need to exercise great care on this point.
Whatever you do, don’t tie your money up with the bank; it will just feed the bank ponzi operatives that you read about every day.
There is of course another investment that you may consider by visiting the neighbourhood casino closest to you.
They don’t require large sums and you are not tied up for any term. They also take small investments, even as little as R100. You are in control, pay no intermediary commission or administrative costs and you choose the amount that you want to invest.
Returns are immediately available and you can’t lose half of your entire capital like in buying gold shares.
At least you have a chance; this week on the JSE you won’t have that luxury unless you dabble in and out really fast and do it direct, without having to lean on an FSB-approved financial adviser to lose your money for you.
For the next few weeks, my money is on the casino.
- Fin24
Something on your mind? Send us us your feedback.
Disclaimer: All articles and letters published on MyFin24 have been independently written by members of the Fin24 community. The views of users published on Fin24 are therefore their own and do not necessarily represent those of Fin24.
Fin24 reserves the right to obtain service providers' comments before publishing any articles or letters, and to edit any material used. Fin24 also reserves the right to edit or delete any and all user comments received.
