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 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.
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.
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 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’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.