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Trade on the JSE for real wealth PDF Print
Written by Staff Reporters   

Forget about unit trust, life insurance policies and the likes. These will not bring you any wealth. What could give real wealth, so says Peter Introna and Etienne Fourie, is by participating in the London School of Investment trading programme.
Fourie is the franchise holder for the London School of Investment programme in Namibia. The LSI programme, according to Introna, is quite simple: direct trading on the Johannesburg Security Exchange (JSE).

No commission fees for stockbrokers and individuals get to make their own decisions on which share to trade. A person can trade with as little as N$1000.
“The saying that share trading is for those qualified financial [people] is a misconception. Everybody can trade on the JSE and it will give you extra cash,” he says.
Persons can open trading account with several specified banks through which they can sell and buy shares.
The LSI works on a simple basis. Interested persons purchase a comprehensive 1000-page study manual on the basics of financial markets plus advanced strategies and tips on investment. This costs N$10000. The manual will teach the individuals the basics of investments and comes with a fully-functional share investment and technical analysis software program.
Individuals can start trading with imaginary money until they get a hang of it after which they can start trading with real money. A weekly newsletter, together with the handy software, helps individuals with advice on the best option of the week such as which shares to buy and which to sell.
The reward is said to be astonishing. Introna speaks of a Namibian gentleman who bought himself a sports car last year, cash, with money from LSI.
LSI is described as a one-stop shop for any person interested in taking charge of their own investments and financial security and competes on an equal footing with the professional stock market analyst.
“Since its introduction in 1991 over 12000 people have benefited from the programme which has won endorsements from professionals in the field such as Merrill Lynch, the world's largest stockbroker and investment house,” said the company on its website.

 
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DATE

Fri 14 Nov - Thu 20 Nov 2008
Volume 22 No.44