JSE INVESTMENT CHALLENGE : They might be Dancing in the Dark, but team from Wits has hit on a winning formula

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Podcasts and a balanced team that keeps each other in check is what helped propel family group Dancing in the Dark from Wits University to scoop the speculator university category for the second month in a row with outstanding portfolio growth of 17.62%.

Group leader Roberto Coelho is something of a practiced hand at the challenge, having entered for the first time back in 2015 when he was a Grade 10 pupil at St Benedict’s College in Johannesburg.

Roberto and Gabriella entered the challenge in 2020. “In 2021, we did enter but it went so badly in the first month, and I was concentrating on my studies, so I decided to give up and try again this year,” Roberto says. “When you look at the challenge from the outside, its easy to think its just a virtual challenge and its just all fun and games, but when you get to the top position, you have a chance to win real money and the challenge is suddenly a very real thing with its own pressure,” he says, adding that this year he is working on not panicking or overthinking.– has nothing to do with a lack of knowledge around investing. It was more a nod from a Bruce Springsteen fan.

“Continuous learning is great, but practice is what really works. So I started with R300 in my Easy Equities account. What I’ve realised is that there is a distinction between trading and investing. Trading is where you’re analysing the markets, whereas with investing you are analysing a company – its fundamentally two different things,” he says.

 

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