Abils back

Simon Shares

• African Bank (Abil) returns to the JSE on Wednesday as African Phoenix Investments (JSE code: AXL). I never expected that, a busted bank survives, albeit this is not the banking assets, just insurance.
• Top40 index at highs for the year, ya I know it early days and as Stuart reminded me on Twitter the Springboks are also unbeaten for the year.
• Huge trading update from Kumba Iron Ore (JSE code: KIO) as iron prices were markedly higher.
• Too much stuff, sell everything. Wow a huge response and all positive except for two people who said I would miss the garden and everybody wants my books. Also a lot of requests that I keep people in the loop as to process etc. No comments on my potential portfolio restructuring.
• Up coming events;
  • Four events loaded, find them here.

We Get Mail

• Lucky
  • Hi Simon, want to start TFSA acc ,is there a way to add RSA Retail bonds into the TFSA?
• Michael
  • Would you recommend setting up a tax-free savings account through FNB?
• Charmaine
  • Tax saving in ABSA momentum ETF (NFEMOM) what does this mean.
• Hoosain
  • I just want to get your take on buying shares that are already in your unit trusts or ETFs. Do you think its advisable to buy the same shares that are in those products?
• Franz
  • What is the procedure for opening an offshore account?

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.

Too much stuff, sell it all

Simon Shares

• Local retail sales updates thus far are poor. Standouts; Mr Price (JSE code: MRP) still getting their lunch handed to them, Shoprite* (JSE code: SHP) is a retail monster with rest of Africa booming.

* I hold ungeared positions.

Too much stuff

I'm calling it life style creep when you wake up one morning and my large house is no longer big enough. We're surely doing it wrong? So my lovely wife an I are pushing back, down scaling into a small apartment and getting rid of 95% of our stuff. Pretty much everything except essential furniture, share portfolio (some portfolios are potentially under the hammer) and art. We simple have too much stuff and a simpler life with less stuff is in order. Bigger picture is to become a digital nomad living in AirBNB apartments; watching whales from Stillbaai in August / September and so on. But it starts with less stuff.

The 2017 predictions show

Every year the first JSE Direct of the year is our annual predictions show. Marc Ashton, GM at Moneyweb, Keith McLachlan, Small/Midcap fund manager at Alpha Wealth and Just One Lap founder Simon Brown review their predictions from the previous year and make their top three predictions for 2017. They then also make a call on the Top40 and ZAR/US$ for the year.

You can find the 2016 edition here.

JSE – The JSE is a registered trademark of the JSE Limited.

JSEDirect is an independent broadcast and is not endorsed or affiliated with, nor has it been authorised, or otherwise approved by JSE Limited. The views expressed in this programme are solely those of the presenter, and do not necessarily reflect the views of JSE Limited.