Market Wrap - Stock pick — Various stock options
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Graeme Franck from PSG Wealth Sandton Grayston had no stock pick for the day but did offer some advice on various other options.
"You can pick anything really at the moment if you feel confident. I think a few things to remember though, something like Tencent and Naspers I don't think should be too badly impacted, people are playing more and spending more time online. Standard Bank's has a dividend yield of around 10% at the moment. I think probably a little bit more pragmatically of these shares, if you're going to get into the market do it on a rand cost averaging, so pick two or three or four tranches, put 30 or 40 percent into the market now, in the months’ time, in two months’ time and the same thing for selling. If you're really in a panic and you want to sell, just sell half, hope like hell you wrong and the market goes up... because that's the state of the market at the moment."
"You can pick anything really at the moment if you feel confident. I think a few things to remember though, something like Tencent and Naspers I don't think should be too badly impacted, people are playing more and spending more time online. Standard Bank's has a dividend yield of around 10% at the moment. I think probably a little bit more pragmatically of these shares, if you're going to get into the market do it on a rand cost averaging, so pick two or three or four tranches, put 30 or 40 percent into the market now, in the months’ time, in two months’ time and the same thing for selling. If you're really in a panic and you want to sell, just sell half, hope like hell you wrong and the market goes up... because that's the state of the market at the moment."
