Acronyms, don't you hate them? All these three and four letter words that people sprout leaving one clueless as to what they actually mean? Well tonight we have Keith Mclachlan doing a webinar on WACC. "On what?" you may ask. The answer: Weighted Average Cost of Capital. Aha! So why not just say that?" Well because after the webinar not only will we be able to drop WACC into polite conversation but we will actually know what it means. So tonight (Monday) at 8pm - Cost of Equity and WACC with Keith Mclachlan, not only will it help your investing it will also impress your friends (OK I can't promise your friends will be overly impressed, but it will help you invest better).
Then on Wednesday at 8pm we've got a webinar for traders - Gap trading the ALSI index futures. I have been trading gaps on the ALSI for years and while they may not happen every day, when they do AND they close they are a thing of beauty as they pour money into your trading account.
This past week saw a great webinar by Riette Kotze at the JSE Power Hour event in Sandton - Charting with Candles. Pretty much every trader I know at the very least uses candles on their charting but very few of us truly understand the different candle patterns, what they mean or how reliable they are. Riette covered the basics, introducing us to a number of candle formations including the engulfing candle that I also use for trading ALSI futures (and yes I will be doing a webinar on that system soon).
100 Second Tip
Need versus Want. The difference may often be subtle, but it is critically important that we understand the difference and the impact that wants can have on our finances.
The week ahead
Monday at 8pm - Cost of Equity and WACC with Keith Mclachlan
Wednesday at 8pm - Gap trading the ALSI index futures
The week that was
Charting with Candles
100 Second Tip - Need versus Want
We need to save, everybody agrees with that. But often the ultimate goal (be it retirement, a nest egg or an exotic holiday) is so far away that the whole saving process seems pointless. The solution is the same as with any large goal - break it down into bite size chunks. Asertain much do you need to save every year, month, week, day to achieve your goal? Work out the amount per day and start a daily savings regime.
All the best