STX40 (Satrix)
South Africa Top 40
USD/ZAR = 18.88
Is there rain or sunshine up ahead?
Either way,
I'm slowly accumulating and adding the STX40 ETF to my Tax Free Savings Account (TFSA).
I have remained liquid and have finally started to buy on larger pullback days. I have started building my position with an average price of R69.63.
It has just touched the 200 day moving average - so lets see if it can hold, if not, then it could make its way down to the R63-R65 zone, where I'll be a strong buyer. If it doesn't fall down to those levels, then at least I've started to build a position on strong sell off days.
*Dividends are Tax free*
USD/ZAR = 18.88
Is there rain or sunshine up ahead?
Either way,
I'm slowly accumulating and adding the STX40 ETF to my Tax Free Savings Account (TFSA).
I have remained liquid and have finally started to buy on larger pullback days. I have started building my position with an average price of R69.63.
It has just touched the 200 day moving average - so lets see if it can hold, if not, then it could make its way down to the R63-R65 zone, where I'll be a strong buyer. If it doesn't fall down to those levels, then at least I've started to build a position on strong sell off days.
*Dividends are Tax free*
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