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Monday, 13 February 2017

You Probably Work For My 6 Month Old Son

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Slave Driver. 
So that must have got your attention!

But I am not making it up - if you are reading this blog post from somewhere in South Africa, then there is a reasonable chance that you could work for my 6 month old son.

How the hell could that even be possible you might ask? Well the answer lies in owning ETF's and shares, and the power that comes with it.



Soon after my son was born, I did a post detailing how I planned on investing for him. This included setting up an account which my wife and I would control and could be used to fund a University education or similar once he was older.

I also set up a separate account in his name, with the idea that Christmas, Birthday and "sommer net" money could be deposited, and he could take control of this account once he turned 18 and do with the money as he pleases.

Both the above accounts were set up at Easy Equities. (No affiliation, I just love the company and their low fees, and so I will punt them whenever I get the chance!)

Last Christmas my wife and I put some money into the account that was in Stealthy Junior's name as his Christmas gift. And what did we buy with this money on his behalf? Well we got him some Coreshares Equally Weighted Top 40 ETF's.

My wife and I were at the local mall a few days after Christmas, and something very cool dawned on me as we walked through the various shops. A lot of the shops we visited were actually listed companies on the JSE Top 40 Index. So by owning the CSEWT40 ETF, my son technically had shares in a lot of the shops we were visiting.

How cool is that!

This teeny tiny child who most people agree cannot even speak (don't you dare for one second tell me that aaaaaaaaaaahhhh gagagoo is not a valid English phrase) owned a piece of the very shops his pram was rolling through, and the very people that were assisting us and ringing up our purchases were technically employed by Stealthy Junior! Think about how powerful that is for a moment....

Because of the CSEWT40 ETF, my son owns the teeniest tiniest minuscule little part of each of the companies which make up the Top 40 of the JSE (and is also entitled to an equally teeny tiny miniscule part of the profits the company pays out). So therefore, technically, anyone who works for the following companies or any of their subsidiaries or divisions, actually, in part, work for my 6 month old son as well1. It is also quite possible that he also owns the brick directly to your left, 5 up from the bottom.

BHP BILLITON PLC
REDEFINE PROP LTD
WOOLWORTHS HLDS LTD
VODACOM GROUP
MTN GROUP LIMITED
SASOL LIMITED
BIDVEST GROUP LTD
GROWTHPOINT
MR PRICE GROUP LTD
BRIT AMERICA TOBACO
NETCARE LIMITED
REINET INVESTMENTS SCA
ANGLOGOLD ASHANTI
OLD MUTUAL PLC
REMGRO LIMITED
SANLAM LIMITED
BARCLAYS AFRICA GROUP LTD
COM FINANCE RICHMONT SA
INTU PROPERTIES PLC
NEDBANK GROUP LTD
IMPALA PLATINUM
NASPERS LIMITED
DISCOVERY HLDS LTD
RMB HOLDINGS LIMITED
FIRSTRAND LIMITED
TIGER BRANDS LIMITED
BID CORPORATION LIMITED
STANDARD BK GRP LTD
STEINHOFF INTERNATIONAL
ASPEN PHARMACARE HLD
LIFE HEALTHCARE GRP HLDGS
ANGLO AMERICAN PLC
SHOPRITE HLDS LTD
BRAIT S.A.
MONDI PLC
MEDICLINIC INTERNAT PLC
INVESTEC PLC
GOLD FIELDS LIMITED
FORTRESS INCOME FUND
INVESTEC LIMITED
MONDI LIMITED
SAPPI LIMITED

* correct as at 30 December 2016


The Gift Of Time

Um...yeah...if you will just go ahead and
come in on Saturday, that'll be great!
So if any of you work for any of the above companies, Stealthy Junior requests that you please come in on Saturday for some voluntary overtime :-P. He also asks that a picture of a bunny be painted on the brick he owns :)

Finally he appeals to all parents out there to open up investment accounts for their children (no matter their current age), and give them one of the most powerful gifts ever - the gift of time and compounding returns.

It is never too late to start, and even small amounts can go an extremely long way when the timeframe is large!

Give your child the best gift of all - an investment with lots of time to compound

Does anyone else have children who employ a large number of the South African's, or are planning on setting something up? Which providers and products are you using/planning on using?




Till next time, Stay Stealthy!
 - ~ - ~

1 Don't feel bad, some of the greatest minds in South Africa and the world also work for my son - such as Stephen Saad, CEO of Aspen, and Markus Jooste CEO of the Steinhoff Group amongst many others.