David Shapiro’s 10 stocks to make you rich next year

Renowned investor and deputy chairman of Sasfin Securities, David Shapiro, has revealed the 10 shares to invest in to make you rich over the next six months, including Amplats, MTN, Nedbank, Pick n Pay, and Tiger Brands. 

Shapiro is highly regarded in South African investment circles and is one of the best-known commentators on the stock market.

With over 50 years of experience on the Johannesburg Stock Exchange (JSE), he has earned the title of a titan of South African share investing.

Shapiro held numerous executive positions on the institutional side of the stockbroking business, including a 5-year stint on the JSE committee.

However, he stepped down to focus on the side of the business he liked the most – managing client portfolios.

Shapiro recently received the social impact award as part of the South African Institute of Chartered Accountants (SAICA) Chairman’s Difference Makers awards.

“I didn’t dare to dream of the amazing career I’ve had, the incredible people I’ve worked with, and the dramatic ebbs and flows of the markets,” he said. 

“Today, I look after large sums of private wealth on a discretionary basis. I greatly admire Warren Buffett and closely follow his unpretentious investment approach.”

He freely shares his knowledge, demystifies the complex new markets, and helps ordinary people feel comfortable making their own investment decisions.

Recently, he revealed in a social media post the 10 shares people can invest in to make themselves rich next year – in the six months to the end of April 2024.  

He declared that the list of stocks comes with a health warning and that he is willing to take on any challengers for a bottle of Aberlour Single Malt. 

Below is the list of the 10 shares, with their year-to-date performance recorded as of 16:15 on 2 November.

Company	Share price YTD performance
Anglo American Platinum	-57.56%
African Rainbow Minerals	-45.41%
Growthpoint	-30.40%
JSE Limited	-12.75%
Kap Industrial	-48.44%
MTN	-29.77%
Metair	-45.20%
Nedbank	-3.75%
Pick n Pay	-57.23%
Tiger Brands	-19.46%

Shapiro did not outline the reasons why he selected these 10 shares.

However, when one looks at the year-to-date share price performance of these companies, it reveals that many have lost tremendous value so far in 2023. 

Amplats, African Rainbow Minerals, Kap Industrial, Metair, and Pick n Pay have roughly halved in value in 2023. 

This may indicate that these shares offer significant upside in the next six months to the end of April, as suggested by Shapiro. 

In an interview with 702, Shapiro said, “All the signs are now pointing towards the next move being upwards. There is a lot of rubble around, and you still have to pick up the pieces.”

“I think that particularly, the shares that I chose have come under such enormous pressure. They are all solid businesses, there is nothing wrong with them, and they all have good products. They have just been subject to uncertain conditions or very difficult conditions.”