Personal share portfolios

Our personal direct equity portfolio is an individually constructed portfolio of shares listed on the JSE and other global exchanges.  Portfolios include stocks of companies and/ or listed property with a track record.  The constructed portfolio is based upon defined selection criteria and a model portfolio that is reviewed regularly.  Our primary focus would be:

  • Income through a rising dividend stream and rental income and/ or;
  • Growth by capital appreciation

Benjamin Graham is often referred to as the "father of value investing".  His works "The Intelligent Investor" and "Security Analysis" provide the intellectual foundation to this concept of value investing.  According to him, "An investment operation is one which, upon thorough analysis, promises safety of principal (i.e. your capital) and an adequate return (or an income stream).  Operations not meeting these requirements, are speculative at best."  Over time your Total Return (TR) = Income + Capital Growth +/- Exchange Rate - Tax - Fees.  Within this simple equation, income generation is more predictable than your capital growth.

We obtain our research from a select group of stock broking research entities.  Currently we work with Investec Securities, FNB (formerly Bernard Jacobs and Mellett), PSG Online, Standard Bank Securities and Saxo Capital Markets, but this does not prevent us from managing equity portfolios on other trading platforms.   Afrafin (Pty) Ltd. operates in partnership with Mindfulmoney (Pty) Ltd. in order to ensure that decisions are not made in isolation.  This relationship creates the right forum to select from alternatives and to validate our implementation.

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