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A novice approach to investing

How the Moneyweb Today team is taking on the Sanlam iTrade challenge.

The Moneyweb Today team was all too excited to get going with the Sanlam iTrade challenge, it’s not every day we have R1 million to play with. With the team members all having varying degrees of knowledge around investing, the challenge looks to be an interesting one and a great learning experience.

The fact that the competition ends in August will be a key consideration as we make our investment choices. It will also be essential to stay abreast of current business and financial news both locally and globally on a daily basis, in order to make informed decisions. Luckily we don’t have a shortage of great news and tools.

The game plan

After an in-depth discussion and a round of knowledge sharing, the Moneyweb Today team decided to start our investment journey with the following shares:

PSG Group

PSG Group has a diversified holding, giving us access to Capitec, Zeder, Curro and underlying PSG businesses. Current pricing suggests that we should be buying shares in order to benefit from a possible price increase later on.

Aspen

Thanks to Moneyweb’s Click-a-Company share graph (see below) we were able to see that Aspen has seen some great growth over the last year so we have decided to add it to our portfolio.

Aspen one-year share performance

 


Steinhoff

A fantastic business opportunity with the impending Frankfurt listing that will boost liquidity. However with the Greece crisis causing some trouble in the global markets we will be keeping a close eye on this one.

MediClinic

MediClinic recently announced the acquisition of a 30% interest in the UK’s Spire Healthcare Group. We are hoping that this new opportunity will do good things for our portfolio.

Sasol

Sasol’s results are very dependent on the oil price. This would be a longer-term type of share to hold in anticipation of the recovery in crude but we have decided to add it to our portfolio.

 

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It’s all well and good to pick the shares you have but truly they are all long term investments, whereas the competition finishes next month and you won’t achieve the growth in capital you are ultimately expecting given the shortness of the game. I have a view that the only winner is going to be someone who basically trades rather than invests

The surprising thing is that most in the Top 10 halfway into the competition bought only one share and kept it.

End of comments.

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