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Messages - gcr

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Off topic / Re: Live chat
« on: January 20, 2018, 07:30:21 pm »
Agreed, but the leaders at the moment we those who bought steinhoff this year. Also a massive risk.
Ah - but that's been my contention since the challenge was introduced - the "game" is one of chance and picking a lottery share. To get around this it may be prudent that if a challenger sells out of a share in the same year as purchase then the transaction is subject to CGT and any other taxes that a trader would be subjected to, via SARS

Off topic / Re: Life cover, income protection and such...
« on: January 19, 2018, 10:59:24 pm »
Insurance is a grudge payment so you need to think very carefully about what and whom you want to cover - also with life cover the older you get the greter the premium.
I cancelled all my life cover insurance at age 42 (the age is not relevant merely that I procrastinated until making the decision) and carried no insurance other than group life cover with my employer. However I did insure my house/contents; cars and other assets that upon my death these assets would be transferred to my wife without her having to foot a massive bill or finding funds to substitute for my income - hence the group life cover. So my focus thereafter was on salary substitution in the event of my death to make up the shortfall she would get on a halved pension. This principle I still apply today in that my share portfolio more than adequately compensates for any shortage on the pension payout. My car I paid off within 42 months and my bond is my piggy bank for quick funds should I want to dive into the market when a good opportunity arises
I am not a great advocate of insurance but some you do need, whilst others like a life policy should be consider as short term insurance and maybe if your company has a group life policy maybe that's all you really need - what you are looking for is to cover the shortfall in your income in the event of your death to your spouse and also if there are kids to cover their needs

Off topic / Re: Live chat
« on: January 15, 2018, 05:29:58 pm »
Am I right in saying the reason no position change or portfolio value update is because Martin Luther King day in USA

Shares / Re: Is Easy Equities safe? Opinions?
« on: January 13, 2018, 09:01:03 am »
Christine - not sure that ETF work the same as ordinary shares - but, with ordinary shares in a nominees name are held in escrow for the beneficiary at the broker level. They would normally provide you with a "transaction listing and a portfolio statement" on a by transaction and a monthly consolidation. To my knowledge brokers are no longer permitted to use nominees or own name shareholdings as collateral for their own dealings. So in a sense you do have protection in that if the brokerage operation failed you could based on statements give a very accurate position of your portfolio. Also all brokers contribute to a fund to guard against rogue operations and broker failures, and the JSE can withdraw broker facilities at any given time if they suspect any malfeasance (just a nice would for being a fraudster - think Bernie Madoff)


Off topic / Re: Live chat
« on: January 12, 2018, 09:07:26 am »
Interesting article on Moneyweb "Coming to terms with the SATRIX DIVI" for those who are interested ad invested

Shares / Re: Is Easy Equities safe? Opinions?
« on: January 11, 2018, 06:37:53 pm »
Christine - to my knowledge the company in whom you had bought shares would have to go bust before you lose your shares. There are 2 ways of holding your shares (all digital these days) - either in nominees (which I have done all my life) or you have them registered in your own name (most people go this route) your holdings are as such registered in your name in the companies share register. Shares in your own name or nominees can only be sold upon your instruction (over a platform with your broker or by written instruction) so your holdings are relatively safe subject to dishonesty by a hacker or broker - brokers carry insurance for these events
So not sure where you are coming from with your questions but hopefully the above does explain that there are some checks and balances in place to protect your holdings 

Off topic / Re: Live chat
« on: January 11, 2018, 02:49:43 pm »
Interesting sens notification. There interim period results are as per 31/12/2017 and its on the board by 11/1/2018 which is unusually early. The sens covers the usual statements that these results have not been reviewed or reported on by their auditors - but their interim results will be finalized and published on or about 8/2/2018.
I sincerely hope these directors have not just brought numbers to the market as a means of pacifying investors and that when they do publish the results they equate very closely to their sens "voluntary" trading statement. What the relevance of a voluntary trading is, is beyond me as in terms of the JSE listing rules they have to issue statements via sens on interim and final results and voluntary doesn't come into play at all.
To me they are keeping their heads just below the parapets in case there is some mud around

Off topic / Re: Live chat
« on: January 05, 2018, 10:03:32 am »
Lol, I know, I know. One day when I don't have a day job I'll rewrite it fully. Post will now vanish :)
Shouldn't - use it as a frame of reference when you rewrite O:-)

Off topic / Re: Live chat
« on: January 04, 2018, 06:43:16 pm »
Thanks for the "dogs breakfast" explanation - too many years ago that I dabbled in SQL to check your coding - so accept that your intent is still honourable.
Your "system" is still malleable in the sense that I can see on my live prices that a certain share has increased in value over your 15 min delay prices and can then buy on your system and as such get the benefit of the "delay" between pricing - I am sure I could do the converse with price falls - but then I would in essence be trading rather than investing - which to my understanding is what the competition is all about
Maybe consider restricting frequent buyers/sellers to remove the trading aspect from the competition - just a thought 

Off topic / Re: Live chat
« on: January 04, 2018, 03:58:04 pm »
Still don't follow the logic, also given that you use 1/2 hour delayed prices - so should have showed as booked 09:00:01
Are you a robot :LHST:

Off topic / Re: Live chat
« on: January 04, 2018, 03:21:16 pm »
I had a look at the leaderboard and have a question of Patrick - the best performer on the board when I looked was Ashburton Inflation ETF (ASHINF) however these units were purchased at 8:23:52 on 2018 - 01 - 02. The market doesn't open to the public until 9:00:00 and only the auction is open and that is exclusively to brokers and opens 10 minutes before public opening. So how was it possible that the holdings were acquired prior to even the auction period, and, further, what price was inserted against the purchase of these units - was it close of business 2017 - 12 -31, or was it based on some or other factor
Please clarify >:D

Off topic / Re: Live chat
« on: December 29, 2017, 09:55:37 am »
1. Tax Year (1 March - 28 Feb) 2. No 3. No and the new figure is R33 000

Off topic / Re: Live chat
« on: December 29, 2017, 09:23:48 am »
Quick questions to forumites - around TFSA's
# Is the investment period a calendar year or a tax year
# If you didn't invest in one year can you top up for that year and still invest for the new year
# If you didn't use your full allocation of R 30,000 in one year can you top up that particular year in a subsequent year

Obliged if people would comment/respond

Off topic / Re: Live chat
« on: December 22, 2017, 04:15:13 pm »
Yes it did and it will close again early 29th December 2017

I certainly don't want to choke on my last penny when I die. I was co - executor for both my parents and the costs for funeral arrangements, and estate winding up can be quite expensive. So be kind to your kids leave at least R 100,000 (in today's money)to them to manage you and your spouses departure from this environment, they don't deserve to pay your dues. Also if the main asset owner (read you) has these assets transferred to another (your spouse) all transfers are subject to CGT and possibly estate duty (can be deferred to surviving spouse) and other legal costs
As the saying goes their is death and SARS to contend with in life

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