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Off topic / Live chat
« Last post by Nivek on Today at 08:06:07 am »
Anyone else expecting good things for the Rand on Monday? Where will it open? Maybe under R12?
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Off topic / Live chat
« Last post by Patrick on January 20, 2018, 11:08:34 pm »
Taxes are there, set at 30% on overall sales profit.
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Off topic / Re: Live chat
« Last post by gcr 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
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Off topic / Re: Life cover, income protection and such...
« Last post by gcr 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
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Off topic / Re: Live chat
« Last post by Hamster on January 19, 2018, 10:07:09 pm »
Agreed, but the leaders at the moment we those who bought steinhoff this year. Also a massive risk.
Not even close to the same level of risk
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Off topic / Live chat
« Last post by Patrick on January 19, 2018, 07:07:58 pm »
Agreed, but the leaders at the moment we those who bought steinhoff this year. Also a massive risk.
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Off topic / Re: Live chat
« Last post by Orca on January 19, 2018, 05:56:00 pm »
Problem is that doing well with 50/50 gamble does not make one an astute investor. Winning will not even give you bragging rights.
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Off topic / Live chat
« Last post by Patrick on January 19, 2018, 03:01:09 pm »
It'll stay for the year, I think the volatility and potential total collapse could be real learning opportunities.
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Off topic / Live chat
« Last post by jaDEB on January 19, 2018, 02:17:25 pm »
I will not mind if u feel that it might be problimatic, and remove it. It does make life bit more interesting
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Off topic / Re: Life cover, income protection and such...
« Last post by shifty on January 19, 2018, 11:26:36 am »
Hi,
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