Becoming a Trader
Simon Shares
- New tax year and I have already loaded another R33k into my tax-free account and will be buying as per our high risk model portfolio.
- The annual Buffett letter was published last weekend. Always good reading, I especially like his comments on buying assets with shares (and hence paying a fortune). He also updates on his bet on the VOO vs. hedge funds (spoiler, VOO wining by a mile). The AGM will be webcast here on 6 May.
- We update the momentum portfolio stocks for 2017/8. Last years return was -5.2% after all costs and behind the benchmark so disappointing. I am NOT re-entering the portfolio this year for two reasons. Too much stuff and the ABSA NFEMOM ETF now uses my methodology and is more tax efficient.
- Upcoming events
Becoming a trader
The most frequent question Simon gets is about becoming a trader and his first answer is always the same, it will take time. Lots of time. In this weeks podcast he goes into details about the skills needed, capital, tools and more.
Some resource;
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