Wealthwoke

Wealthwoke is a community of people who are on a quest to redefine their concept of wealth and relationships with money.

[EpicElian @EpicElian]

Nancy Pelosi deserves an Oscar for her performance in pretending she wants to get a stimulus deal done before the election #Elections2020

[EpicElian @EpicElian]

Crocs earnings jumped to 94 cents a share, with revenue up nearly 16% to $361.7 million - these guys are masters of the Colab @justinbieber - love their stock, still won’t wear their shoes though🤣

[Wealthwoke @wealthwoke]

Bought @GoldmanSachs at $178. Share down almost 30% over last three months. If any bank can make money in this market, it’s Goldman.

[Wealthwoke @wealthwoke]

Here are my top portfolio changes over last two weeks and reasons for them - follow the thread

[Wealthwoke @wealthwoke]

Bought @PaloAltoNtwks at $230 pre earnings release - earnings strong, ended week at $237

[Wealthwoke @wealthwoke]

@MagnusHeystek I agree almost 100% with Magnus’ tweet. Forget all the complexities and nuances - this is all you really need to do. All that’s missing is some appropriate asset allocation (can’t have 90-100% in equities if you over 50 or 60 yrs old) based on your age and risk profile.

[Wealthwoke @wealthwoke]

R200bn in SMME (repayable) loan guarantee scheme seems like a lot but compare this to the $350bn (so far) fund in US where SMMEs can access up to $10m each in NON REPAYBLE loans provided they keep all employees on at existing salaries - not on the same playing field in SA

[Wealthwoke @wealthwoke]

@mayaonmoney @stealthy_wealth @brucebusiness @WarrenIngram I hear you but if you look how they are currently positioned (weighted towards emerging markets and cyclical stocks) - I’m not convinced it’s appropriate for the current environment either. Don’t seem to have much in tech, telecoms, healthcare and consumer staples.

[Wealthwoke @wealthwoke]

The performance of the Allan Gray Orbis Global Equity Fund is simply appalling. Over last two years -14% in USD vs -3.9% for benchmark - what is going on with Allan Gray??? R18bn in this fund so lots of South Africans getting burned @mayaonmoney @brucebusiness @WarrenIngram

[Wealthwoke @wealthwoke]

@brucebusiness @CecileBasson @Thekiso_AL Wow. Congrats. So consistently good year in year out

[Wealthwoke @wealthwoke]

@kevin_welman @ByDesignComms And then never do them yourself🤣

[Wealthwoke @wealthwoke]

@stealthy_wealth @mayaonmoney @brucebusiness @WarrenIngram Yip. Overall I’m about 60% index funds . Really not sure what I was thinking on this one though - Not to mention the fees of over 1%. A switch seems to be in order

[Wealthwoke @wealthwoke]

@maqavana @mayaonmoney @brucebusiness @WarrenIngram I stopped contributing this month to this fund. Seriously considering switching out now to another offshore fund

[Wealthwoke @wealthwoke]

@WarrenIngram @mayaonmoney @brucebusiness Taking a look at their top stock holdings, I’m even more concerned about their performance going forward!! Way underexposed to tech, telecoms, healthcare, consumer staples.

[Wealthwoke @wealthwoke]

Framed in the right way, this is a golden opportunity to get creative and free your mind.

https://t.co/QPdhFofLAQ

#CoronaVirusSA #motivation #LockdownSA #LOCKSOUTHAFRICADOWN