Once again our momentum portfolio has out preformed the market as it returned 14.3% for the first two quarters of 2012 while the market did a more modest 5%. The update is online and you'll find it here.
In the week ahead we have two webcasts. On Wednesday at 13h00 Alwyn Burger will focus on Understanding price action. This is an important but often neglected part of trading and the problem is that it's not as simple as it sounds. Using live data, Alwyn will help us understand what we're seeing and how this can be used to give a trader an edge.
On Thursday at 17h30 we have another JSE Power Hour; this one is about Creating wealth on the JSE (DBN) and is aimed at those wanting to start out on the JSE. It will dispel the myths, cut through jargon and focus on the basics of starting on the JSE. The live event is taking place in Durban; you can attend live by booking here or watch the webcast here. The event is being repeated in Cape Town on Tuesday 31 July; to attend live book here or book for the webcast here.
Importantly we have resolved the issues we experienced with live webcasts so quality will be top notch.
Keith has a great interview on The unsecured credit market in SA, where he interviewed one of the players, John Meiring, CEO of Blue Financial Services, and even Johan is concerned, you'll find it here.
Yonatan Rom is hosting a public course on trading with the aim of helping you change the way you view the markets. It's being held over four evenings in Johannesburg starting on 13 August. Not only will you get Yonatan' insights but also Share Magic software (including a month's data download), a copy of his book, free one month subscription to his newsletter and of course the four evening courses. More information here.
Wednesday 25 July at 1pm - Understanding price action
Thursday 26 July at 5.30pm - JSE Power Hour - Creating wealth on the JSE (DBN)
Monday 31 July at 5.30pm - JSE Power Hour - Creating wealth on the JSE (CPT)
Wednesday 1 August at 8pm - Valuations: DCF - Forecasting of Free Cash Flows
Momentum portfolio - update Q2 2012 (14.3% vs. 5%)
Trading Commodities without Currency Risk
Discounted Free Cash Flow (DCF) Model
Position Sizing for Traders
So the Reserve bank surprisingly cut the Repo rate, meaning our home loan rates are also coming down by 0.5%. Rather than using this rate cut to spend more, start a savings or investing plan, or even just keep your repayments as they were before the rate cut and pay off that bond quicker. Remember that you can pay off your home loan in seven years.
All the best
Follow us on Twitter or Facebook