Starting to invest at 70 with success

*This content is brought to you by Sanlam iTrade.

An iTrade investor proves that you are never too old to start investing yourself, but why wait?

#TradeMyWay Starting at 70I farmed in the bushveld and had a red brahman Stud. When I was 70 years old, I realised I will have to do something to provide for when I no longer can farm because with 6% interest being lower than inflation, I would not make it.

I read on the internet about Sanlam iTrade. I downloaded the demo program and started playing with shares on the JSE. I went from Nietverdiend to Bloemfontein to attend an Afrikaans presentation of Sanlam iTrade which Gerhard Lampen and Alwyn van der Merwe presented. I learned a lot there.

After six months I started trading with real money on the JSE. I started with R50 000. It went well and my investment quickly grew to R80 000. When I was 80 I sold my Stud. I added money to invest on my portfolio and also in a different portfolio that is managed by Sanlam iTrade. Although the past two years was not very favourable, my investments did much better than the money I invested in deposits. This despite the fact that I lost a lot of money with African Bank and Steinhoff.

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Tell us your most inspiring story related to online share trading in an email of no longer than 600 words. Your story must inspire others to start trading or continue trading with new ideas. It can also include an interesting lesson you’ve learned when trading shares. Send your email to head@sanlamitrade.co.za.

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I also made many mistakes, otherwise it could have looked even better. For example, I bought Merafe for 67c. When it was 95c, I thought it had reached its top and I sold. After that, the share increased to 145c. I also bought Supergroup for 367c and when it was 1600c I sold, the price subsequently rose to more than 4000c.

I am not able to analyze companies’ financial statements, but I rely on the information that I receive daily from Sanlam iTrade. I believe that if one starts early in your life trading in shares, you are better able to provide for your retirement than by way of endowment policies and annuities.

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